350+ COMPLIANCE & DIGITAL ASSET TEAMS TRUST US
With compliance deadlines approaching, crypto businesses must act now to secure their CASP license and meet stringent AML and risk management requirements. At Scorechain, we provide blockchain analytics, transaction monitoring, and AML compliance tools to help CASPs meet MiCA standards effortlessly.
350+ COMPLIANCE & DIGITAL ASSET TEAMS TRUST US
Cyprus has long been a strategic hub for financial services and fintech innovation, making it a key player in the European crypto ecosystem. However, with the introduction of the Markets in Crypto-Assets (MiCA) regulation, all crypto businesses operating in Cyprus must transition from their existing Cyprus Securities and Exchange Commission (CySEC) CASP registration to a full Crypto-Asset Service Provider (CASP) license to continue operating legally within the EU.
With compliance deadlines approaching, crypto businesses must act now to secure their CASP license and meet stringent AML and risk management requirements. At Scorechain, we provide blockchain analytics, transaction monitoring, and AML compliance tools to help CASPs meet MiCA standards effortlessly.
To operate legally under MiCA, businesses must obtain a CASP license before the transition period ends:
📌 December 30, 2024 – MiCA regulations officially take effect.
📌 2025 TBD – Final deadline to submit CASP license applications (exact date subject to confirmation).
🔹 Avoid regulatory penalties—integrate Scorechain’s compliance solutions now!
A Crypto-Asset Service Provider (CASP) license is required for companies providing crypto-related financial services in Cyprus and across the EU under MiCA regulations.
The CASP license replaces the current CySEC registration, ensuring compliance with MiCA and AML laws.
✔ Crypto Custody & Wallet Services
✔ Crypto Trading & Exchange Platforms
✔ Fiat-to-Crypto & Crypto-to-Crypto Transactions
✔ Execution of Orders on Behalf of Clients
✔ Crypto Transfer & Payment Services
✔ Investment Advice & Portfolio Management for Crypto Assets
👉 Stay ahead of MiCA compliance—integrate Scorechain’s AML and risk monitoring solutions today!
To obtain a CASP license in Cyprus, businesses must meet strict regulatory requirements, including:
✔ Registration with the Cyprus Securities and Exchange Commission (CySEC)
✔ Establish a local presence in Cyprus (at least one board member must be an EU resident)
✔ Meet minimum capital requirements (€125,000–€350,000 depending on services offered)
✔ Implement robust AML (Anti-Money Laundering) & KYC (Know Your Customer) policies
✔ Ensure compliance with FATF Travel Rule & real-time crypto transaction monitoring
With Scorechain’s advanced blockchain analytics, your business can monitor transactions, detect illicit activity, and generate real-time compliance reports, ensuring full MiCA and AML compliance.
🚀 How Scorechain Supports CASP Compliance in Cyprus
🔗 1. Automated Crypto Transaction Tracking
✅ Real-time risk scoring for crypto transactions
✅ Detection of suspicious wallet activities
✅ Compliance with EU AML & CFT regulations
🛡️ 2. FATF Travel Rule Compliance
✅ Automate sender & receiver identity verification
✅ Ensure secure VASP-to-VASP data exchange
✅ Reduce compliance risks with instant alerts
📊 3. Blockchain Risk Analytics & KYT (Know Your Transaction)
✅ Monitor on-chain activity for regulatory reporting
✅ Flag high-risk transactions linked to darknet markets, fraud, and sanctions
✅ Generate audit-ready compliance reports in minutes
⚖️ 4. Sanctions & Blacklist Monitoring
✅ Block transactions from sanctioned wallets & high-risk addresses
✅ Detect illicit financial activity before it escalates
✅ Ensure full transparency & regulatory compliance
📍 Strategic Financial Hub – Cyprus is a gateway for crypto businesses expanding into Europe and beyond.
📍 EU Passporting Benefits – A CASP license in Cyprus allows businesses to operate legally across all 27 EU countries.
📍 Crypto-Friendly Regulatory Environment – Cyprus has established a strong legal framework for crypto and blockchain startups.
🚀 Ready to become a fully compliant CASP? Let Scorechain handle your compliance challenges!
With 150+ financial institutions & crypto businesses trusting Scorechain, our solutions provide everything you need for a MiCA-compliant CASP license in Cyprus.
🔗 Book a Demo Today!
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