Cyprus Tightens Crypto Rules
Cyprus, a crypto-friendly hub, is aligning with FATF guidelines for Bitcoin, Ethereum, and Binance Coin. Proposed 2023 amendments require all crypto service providers to register with CySEC, with fines up to €350,000 for non-compliance. $CAKE
These rules aim to combat money laundering while maintaining Cyprus’s appeal as a crypto hub. Binance complies with local KYC and AML standards, supporting Cyprus’s balanced approach to regulation and innovation. #CyprusCrypto #Bitcoin #Ethereum #BinanceCoin #FATF