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coinpedia 2023-10-10 14:19:33

Cyprus Amends Money Laundering Law to Regulate Crypto Services

The post Cyprus Amends Money Laundering Law to Regulate Crypto Services appeared first on Coinpedia Fintech News Amidst crypto regulation developments in the EU, Cyprus is amending its “Prevention and Suppression of Money Laundering Law” to enforce fines on illegal crypto service providers, aiming to regulate the cryptocurrency industry better. Amending and Enforcing Law By enforcing severe fines on crypto service providers (CSPs) who operate illegally, Cyprus is attempting to regulate the …

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