For investors, ESMA and CySEC have warned that clients of unauthorised providers do not benefit from MiCA safeguards, including protections for client assets, and have urged verification through the official ESMA register.
The supervisory exercise reflects ESMA's risk-based priorities, which identify both digital operational resilience and crypto-asset service providers as key areas requiring closer oversight. Results will feed into cross-border supervisory consistency in what ESMA describes as a rapidly evolving market segment.
Will the on-site reviews expose systemic weaknesses in key management or third-party dependencies that force a wave of remedial orders across the Cypriot CASP cohort?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
