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The Cyprus Securities and Exchange Commission (CySEC) has revealed new details about its policy to regulate crypto assets, hinting more efforts might already be underway. The CySEC wants to increase oversight of cryptocurrencies and related assets by integrating EU anti-money-laundering rules into the Cypriot laws.

The defendants claimed such demand would likely take months to complete and come at a very significant cost. The SEC replied that the time-consuming process “should present no issue in this case” since there is “no realistic prospect that the parties will fully resolve this case for several months, if not longer”.