Cyprus Regulator Caps Leverage on Crypto, Says Passporting Not Allowed

[kreslik.news]

Cypriot regulator CySEC has issued a statement outlining that brokers have to cap the leverage on their cryptocurrency offerings at 1:5. The news comes as cryptocurrency volatility, in particular Bitcoin, increased materially in recent days.

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The Cyprus Securities and Exchange Commission is outlining a set of rules when it comes to offering CFDs on cryptocurrencies. Most notably, brokers will need to cap their cryptocurrency turnover to 15 percent of total turnover on a quarterly basis.


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