Tag: CySEC oversight

Amber Dimas

Cyprus Crypto Banking Restrictions in 2026: Rules, Compliance & Challenges

Cyprus tightened banking restrictions on crypto transactions despite its crypto-friendly reputation. Key rules include Travel Rule requirements, real-time beneficiary checks, and strict AML compliance. Businesses face challenges with banking relationships, but CySEC and CBC provide guidance. No capital gains tax on crypto sales remains, though tax reforms are underway.