- Cyprus SEC blacklists 19 unauthorized crypto and forex platforms for offering trading services without required regulatory approval or licenses.
Cyprus Securities and Exchange Commission (CySEC) has blacklisted 19 crypto and forex trading platforms for operating without proper authorization.
These platforms, including fasat-g.pro, iqforextrade.net, and viptradersclub.com, were found guilty of offering investment services illegally.
In addition to the blacklist, CySEC issued fresh warnings to unregistered digital asset providers and introduced stricter registration rules. Any firm failing to comply may face penalties up to $370,000 or a five-year prison term.
