Cyprus OTC Trading Desk — Compliant Development
Launch a otc trading desk in Cyprus with compliance controls mapped to CySEC and MiCA. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Cyprus · OTC Trading Desk
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 | OTC Trading Desk |
Software
Built-in compliance controls
- RFQ, quote, and block-trade workflows with approval chains
- Counterparty KYC and credit/limit management
- Settlement tracking and nostro/vostro reconciliation
- Trade blotter exports for compliance and finance
- Integration with liquidity providers and custodians
- KYC verification for all clients
- Transaction monitoring and reporting systems
- Secure communication channels for trades
- Audit trails for all transactions
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 an OTC trading desk?
- An OTC trading desk facilitates the buying and selling of cryptocurrencies directly between parties, often for large volumes.
- What compliance is required for OTC trading desks?
- OTC trading desks must implement KYC and AML processes, as well as transaction monitoring to comply with regulations.
- Is a license required for an OTC trading desk in Cyprus?
- Yes, an OTC trading desk must obtain CASP authorization from CySEC to operate legally.