Additional obligations have been introduced with the amendment made in the Money and the Cambiation Law – Cyprus Newspaper

The Ministry of Finance shared the amendments made in the Money and Exchange Law with the public and announced that the obligations for foreign exchange offices, jewelers, crypto assets purchase and sale were brought.

Ministry, foreign exchange offices, crypto assets buying-selling enterprises and jewelers, other real and legal persons, organizations, activity, license, branch opening and share of the share of shares and so on. He said that he should do the procedures in accordance with the provisions of the law.

According to the statement made by the Ministry, money, exchange and development chest of the Affairs of the Affairs of the Monetary and Exchange Law No. 38/1997 was amended. The Law No. 18/2025 was published on April 30, published by the Official Gazette and entered into force.

The statement made by the Department of Money, Cambiation and Development Affairs affiliated to the Ministry is as follows:

“The rules of the rules regarding the jewelers operating on the date of entry into force of the Law No. 18/2025;

Paragraph (a) of paragraph (2) of the provisional article 2; The jewelers who are operating on the date of entry into force of this (Amendment) Law is obliged to submit a set approval certificate and capital approval certificate obtained from the Official Kabz Officer and Comparison Department to register with the department and the main contract and the originals and regulations of this (amendment) law within 2 (two) months from the date of entry into force.

-paragraph (b) of paragraph (2) of Article 2 of the passing article; If a situation contrary to the main law is detected in the controls made by the department regarding the documents specified in paragraph (a) above, the jewelers shall be given a period of not exceeding 6 (six) months to eliminate the contradiction.

At the end of the given period, it is compulsory to eliminate the contradiction and submit the appropriate form of the relevant documents to the apartment. If the relevant documents are not submitted, the jewelers are not licensed.

Paragraph (3) of the Provisional Article 2; Jewelers who are operating on the date of entry into force of this (Amendment) Law, the amount of the license fees specified in paragraph (a) of paragraph (f) of paragraph (1) of the essential law, the documents requested in accordance with the paragraph (2) of this Article (2) after the completion of the documents requested to the ministry and the tax office. they have to.

Within the framework of paragraph (a) and (b) of paragraph (2) of the provisional article 2 (2) and (b), (3) ‘, a set approval certificate and capital approval certificate and the capital approval certificate and the main contract and the main contract and the basis of the publication of the work of the Jewelers who are operating on the date of entry into force They are required to submit to the apartment until 2025.

After the requested documents are completed, the language fee should be deposited to the income and tax office branches and the receipt should be documented and a ‘license certificate’ should be obtained.

Jewelers who do not fulfill their obligations cannot operate. Otherwise, the rules of Article 15 of the essence of the essence of the essence of the “crimes and penalties” are applied.

18/2025 no.

Provisional Article 3: Real or legal persons, starting from the date of entry into force of this (amendment) law within 6 (six) months, in case of any contradiction to these articles in case of any contradiction to these articles in case of any contradiction to these articles in case of any paragraph (4) of the essential law and Article 14 (4) of the essential law. Article 15 of the essential law shall apply to those who do not fulfill this obligation.

Article 9 (4) ‘Paragraph: Except for those authorized in accordance with this law, no real or legal person may have rules for the field of activity of the foreign exchange offices in the main contract and regulation, and the “foreign exchange” or “exchange office” or “change” or “exchange” or “exchang” phrase, which gives the impression that the foreign exchange purchase and trade title is trading. In this direction, advertisement, advertising, signage cannot edit and do transactions.

Article 14 (4)  » Paragraph: Apart from those authorized in accordance with this law, no real or legal entity can have rules for the field of activity in the main contract and regulation, and the “jewelist” or “jewellery” or “Diamond” or “diamond öylemek. In this direction, advertisement, advertising, signage cannot edit and do transactions.

Within the framework of the provisional article 3, the real or legal persons operating on the date of entry into force of this (amendment) law within 6 (six) months at the latest, the rules of the foreign exchange offices and jewelers in the main contract and regulation on the field of activity and the “foreign exchange” or “exchange” or “Change” or “Change” or “Jewel” or “Jewel” They need to remove the phrase “Diamond ve and make the necessary legal changes.

In particular, the enterprises that make purchase and sale of crypto assets are required to remove the phrase “Change” or “Exchange ıs by using the phrase“ Crypto Asset Purchase-Service ”or“ Crypto Assets Buying & Selling ”.

Otherwise, the rules of Article 15 of the Law on the Act of the Law on the throne of this (Amendment) Law, which are the main law of the real or legal persons who do not fulfill their obligations, shall be applied.

Foreign exchange offices and jewelers, establishment, activity, undergraduate, branch opening and shares transfer and so on. The related transactions shall be carried out in accordance with the provisions of the Monetary and Exchange Law No. 38/1997 in its amended form. It is required to obtain information and require it. ”