What is a non-custodial wallet?

A non-custodial wallet allows users to manage their private keys and crypto assets independently, without third-party control.

Are there compliance requirements for non-custodial wallets?

While non-custodial wallets have fewer regulatory requirements, KYC and AML processes may still be necessary depending on the services offered.

Do I need a license for a non-custodial wallet in Cyprus?

Yes, a non-custodial wallet may still require CASP authorization based on its functionalities and services.

MiCA · Non-Custodial Wallet

Cyprus Non-Custodial Wallet — Compliant Development

Launch a non-custodial wallet in Cyprus with compliance controls mapped to CySEC and MiCA. Block Intelligence builds production software; independent counsel handles licensing.

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Compliance scope

Cyprus · Non-Custodial Wallet

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	Non-Custodial Wallet

Software

Built-in compliance controls

Self-custody key generation and secure backup flows
WalletConnect / chain signing with transaction simulation
Optional KYC-gated features for regulated on-ramps
Phishing protection and address allowlisting
Privacy-preserving analytics for product ops (not user PII)
User-controlled private key management
Optional KYC processes for enhanced security
Transaction monitoring for suspicious activities
User activity logs for compliance tracking

View Non-Custodial Wallet service Related case study

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 non-custodial wallet?: A non-custodial wallet allows users to manage their private keys and crypto assets independently, without third-party control.
Are there compliance requirements for non-custodial wallets?: While non-custodial wallets have fewer regulatory requirements, KYC and AML processes may still be necessary depending on the services offered.
Do I need a license for a non-custodial wallet in Cyprus?: Yes, a non-custodial wallet may still require CASP authorization based on its functionalities and services.