Publishing an article on its official site last Monday, the Cyprus Ministry of Finance shared its assessment of the money laundering risks associated with cryptocurrency activities and service providers (VASPs) in the country.
The ministry said, “For the authorities to further research the cryptocurrency market and develop themselves”comprehensive training on“He said they should. He also recommended that financial companies in the country comply with the wire transfer rule for cryptocurrencies, and in addition, authorities to VASPs He said that he should protect and share the information belonging to him.
In the statement: It was noted that Cyprus should cooperate with companies and countries experienced in the cryptocurrency sector. The Ministry said, “This kind of international collaborations, in the crypto money sector of Cyprus development and acceleration It could be an important way for us.”
Cyprus, which is thought to be one of the most uncertain countries in the world in terms of crypto money regulations, started to adopt crypto-related regulations this year. Srelated to the industry top level In the report shared by the Cyprus Securities and Exchange Commission (CySEC) in September, stating that they have an understanding, initiated by the European Union “Anti-Money Laundering (AML) regulationsIt has been reported that it will be included in the laws of Cyprus.
According to a report on Reddit, the Central Bank of Cyprus this year Bitcoin (BTC) related to Some transactions has blocked is alleged.