CySEC

Highlights: Cyprus SEC blacklists 19 unauthorized crypto brokers and forex platforms. Noncompliant platforms face fines up to $370,000 or five-year jail terms. Only 30% of investors verify licenses before investing in crypto brokers. The Cyprus Securities and Exchange Commission (CySEC) […]

Highlights: Kraken secures EU MiFID license after acquiring a CySEC-approved Cyprus investment firm. The license allows Kraken to offer regulated crypto derivatives in select European markets. Kraken strengthens its European presence with EMI and VASP licenses from Ireland, Spain, and […]

Highlights: The FTX bankruptcy estate disputes the FTX EU acquisition of Backpack, calling it unauthorized. Backpack claims CySec approved the sale, but the U.S. court has not authorized the transfer. FTX emphasizes creditor claims must follow court-supervised processes, disputing Backpack’s […]

Highlights: Backpack Exchange acquires FTX EU with approval from the bankruptcy court and CySEC. Crypto derivatives and SEPA integration plans aim to reshape European market offerings. FTX’s license suspension delays Backpack EU launch, but fund distribution continues. Global crypto exchange […]