Cypriot Regulator is Far from Done

[kreslik.news]

This article was written by Yael Warman, Content Manager at Leverate.

The Cypriot regulator seems to be on a roll with its voraciousness and over-reaching aspirations to become a reputable and respected financial regulatory entity in Europe. Last year, after years of being known for its lax approach to financial regulation enforcement, CySEC stepped up its game by issuing an unprecedented number of fines and entering into an equally impressive number of settlements with several FX and binary options firms licensed on the island. Now, the regulator has extended its reach yet again, this time to cover the ... (read more)