The Cyprus Securities and Exchange Commission showed a Policy Statement on the Registration and Operations of Crypto Asset Services Providers (CASP).
CASP is an individual or a company that provides these tools and solutions mentioned below:
Swap between digital coins and fiat money;
Change between virtual assets;
Control, transfer, keeping, including custody, of virtual funds or cryptographic keys or means which allow the exercise of control over crypto-assets;
Offering and/or sale of crypto-assets, including the initial offering;
Participate or provide solutions regarding the spreading, offer and/or sale of cryptocurrencies, including the initial offering.
The business from Cyprus must be registered with CySEC in order to be able to provide services and/or perform activities in relation to digital coins and will be regulated by CySEC under the Cumulative CASP framework.