Cyprus Neobank / Crypto Banking — Compliant Development
Launch a neobank / crypto banking in Cyprus with compliance controls mapped to CySEC and MiCA. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Cyprus · Neobank / Crypto Banking
Cyprus supervises crypto-asset service providers under MiCA through Cyprus Securities and Exchange Commission (CySEC). Firms offering exchange, custody, advisory, or other CASP services must obtain authorization and meet prudential, governance, and AML requirements before serving clients in the EU.
| Jurisdiction | Cyprus |
|---|---|
| Regulator | CySEC |
| Product | Neobank / Crypto Banking |
Software
Built-in compliance controls
- Fiat + crypto unified ledger and user onboarding
- Card issuance integration points and spend controls
- Savings, yield, and transfer modules with compliance gates
- Core banking API adapters and reconciliation
- Customer support, disputes, and regulatory reporting tooling
- Comprehensive KYC processes for account opening
- AML monitoring for transactions and activities
- Digital banking security measures
- User transaction history and reporting features
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a neobank?
- A neobank is a digital bank that operates online without traditional physical branches, often offering crypto services.
- What compliance is required for neobanks in Cyprus?
- Neobanks must comply with KYC, AML, and capital requirements as outlined by CySEC under MiCA.
- Is a license necessary for a neobank in Cyprus?
- Yes, a neobank must obtain CASP authorization from CySEC to operate legally.