Obtaining the MiCA license is a major turning point for Collect&Exchange CY and the entire cryptocurrency sector in Cyprus. Registration as a Crypto Asset Service Provider (CASP), under the supervision of CySEC, strengthens the company's reputation and brings its activities into a legal and transparent framework – in accordance with strict EU standards.
Why is this important?
With the adoption of MiCAR (Markets in Crypto Assets Regulation) Europe is moving toward a single, regulated crypto asset market, and Cyprus is becoming one of the hubs of this movement. According to CMS Expert Guide, MiCA provides strict rules for CASPs – from KYC / AML controls to capital requirements and internal controls.
CySEC, as the national regulator, has already published a notice that MiCA will officially apply to crypto companies in Cyprus from December 30, 2024.
This regulation strengthens user and investor confidence: licensed companies are required to comply with security, reporting, and customer protection requirements.
Benefits of Collect&Exchange CY
“We are proud to be one of the first companies in Cyprus officially authorised under the MiCA Regulation,” says Ivelina Shapratilska, the company's compliance officer and MLRO, said, "This is an important step for the Cypriot fintech market. We're seeing growing interest from the local community, and now Collect&Exchange CY is ready to strengthen its role in building a transparent and secure digital financial ecosystem."
The company has received the official right to provide such key services as:
- Custody and administration of crypto assets;
- Exchange cryptocurrencies for fiat and vice versa;
- Exchange cryptocurrencies for other cryptocurrencies;
- Transfers of crypto assets on behalf of clients.
Now businesses and individuals in Cyprus can use a fully regulated web application, minimizing risks and ensuring maximum transparency.
Context Analysis: Regulation in Cyprus
Cyprus is creating an attractive environment for crypto businesses: the country has long demonstrated its willingness to play a leading role in the European fintech industry. The national distributed ledger technology (DLT) strategy already includes plans for the development of blockchain technologies, and the government supports innovative crypto projects.
At the same time, there is a balance between innovation and risk: in February 2025, the Central Bank of Cyprus (CBC) urged caution when investing in crypto assets. The regulator emphasizes the volatility of assets and the need for strict anti-money laundering (AML) controls.
On the other hand, CySEC has recently adopted a number of several ESMA guidelines under MiCA regarding asset transfers, reverse offer Solicitation and portfolio management. These measures further enhance investor protection and structure the market, making licensed CASPs more reliable participants in the ecosystem.
Conclusion: Why choose Collect&Exchange CY?
There are several very good reasons why you should choose Collect&Exchange CY will save you a lot of time, money, and, most importantly, nerves when working with digital currencies.
1) MiCA license from CySEC – a guarantee that the company operates under strict EU guidelines
2) A full range of services: from custody to exchange and transfers – everything local, but with a European level of reliability.
3) Trust and security: Regulated status reduces the risks associated with fraud and opacity.
4) Local and international reach: a Cypriot company, but with the possibility of scaling within the EU.
Ultimately, for businesses and individuals interested in a serious, legal, and secure approach to digital assets, Collect&Exchange CY is becoming an excellent choice. If these services are important to you in Cyprus, don't hesitate to contact the company's specialists and forget about problems with digital currency transactions:
Also recently at Collect&Exchange CY has released user-friendly mobile apps for iOS and Android, making any cryptocurrency transactions even faster and more convenient:
iOS
Android
Material are provided by Collect&Exchange CY.
