**Breaking news:** 🇨🇾 Cyprus Ministry of Finance aims to amend the Anti-Money Laundering Act, mandating registration of all cryptocurrency service providers with the regulator, aligning with FATF guidelines to combat money laundering and terrorist financing. The proposed changes also introduce penalties for registration violations, potentially leading to fines of up to 350,000 euros or imprisonment for up to five years. 📜💼 #Cyprus #AML #CryptocurrencyRegulation