tags. We'll translate the text within those tags.
Let's translate paragraph by paragraph.
Original: "The Cyprus Securities and Exchange Commission will launch a round of on-site inspections and desk-based reviews of authorized crypto asset service providers starting in the second half of 2026. The checks, which run through mid-2027, will target custody and infrastructure risks."
Danish: "Cyprus Securities and Exchange Commission (CySEC) vil påbegynde en runde af inspektioner på stedet og skrivebordsbaserede gennemgange af autoriserede udbydere af kryptoaktiver fra anden halvdel af 2026. Kontrollerne, som løber frem til midten af 2027, vil målrette mod risici ved opbevaring og infrastruktur."
But we need to be careful: "Cyprus Securities and Exchange Commission" is the full name, but we can use "CySEC" as it's used later. The original uses the full name first, then "CySEC" later. So we can keep the full name in Danish? It's a proper noun, so we keep it as is. But we might translate "Securities and Exchange Commission" as "Værdipapir- og børskommissionen" but it's a proper name, so we keep it. Actually, the original uses "The Cyprus Securities and Exchange Commission" so we can keep that as is, or we can use "CySEC" as it's commonly known. I'll keep the full name as is, but maybe we can say "Cyprus Securities and Exchange Commission (CySEC)" to introduce the abbreviation. But the original doesn't have the abbreviation in the first mention; it just says "The Cyprus Securities and Exchange Commission" and later "CySEC". So we can keep it as is. I'll translate: "Cyprus Securities and Exchange Commission vil påbegynde en runde af inspektioner på stedet og skrivebordsbaserede gennemgange af autoriserede udbydere af kryptoaktiver fra anden halvdel af 2026. Kontrollerne, som løber frem til midten af 2027, vil målrette mod risici ved opbevaring og infrastruktur."
But "skrivebordsbaserede gennemgange" for "desk-based reviews" – maybe "desk reviews" is often translated as "skrivebordsgennemgange" or "administrative gennemgange". I'll use "skrivebordsgennemgange" for brevity. Also "autoriserede udbydere af kryptoaktiver" – that's good. "målrette mod" – maybe "fokusere på" is more natural. Let's say: "vil fokusere på risici ved opbevaring og infrastruktur." I'll adjust.
Next:
What CySEC is checking
-> "
Hvad CySEC tjekker
" or "Hvad CySEC undersøger". I'll use "Hvad CySEC tjekker" but "tjekker" is informal; maybe "gennemgår" or "kontrollerer". I'll use "Hvad CySEC kontrollerer" but that's a bit formal. Let's use "Hvad CySEC undersøger" – that's fine.
Then the paragraph: "The regulator is zeroing in on how firms hold client assets and the tech that keeps their platforms running. Custody risks cover everything from private key management to whether a firm actually controls the coins it says it holds. Infrastructure risks are about the systems underneath—servers, databases, backup protocols, and how a company handles an outage or a breach."
Translation: "Tilsynsmyndigheden fokuserer på, hvordan virksomheder opbevarer kundernes aktiver og den teknologi, der holder deres platforme kørende. Opbevaringsrisici dækker alt fra håndtering af private nøgler til, hvorvidt en virksomhed faktisk kontrollerer de mønter, den siger, den har. Infrastrukturrisici handler om de underliggende systemer – servere, databaser, backup-protokoller og hvordan en virksomhed håndterer nedbrud eller sikkerhedsbrud."
We need to be careful with "coins" – we can say "mønter" but in crypto context, "coins" is often kept as "coins" or "mønter". I'll use "mønter" but maybe "kryptovaluta" is better. Actually, "coins" refers to specific cryptocurrencies, so "mønter" is fine. Also "private key management" -> "håndtering af private nøgler" is fine. "outage" -> "nedbrud" or "afbrydelse". I'll use "nedbrud". "breach" -> "sikkerhedsbrud" or "databrud". I'll use "sikkerhedsbrud".
Next: "This isn't a broad compliance sweep. It's a focused look at two areas that can sink a crypto business if they go wrong. CySEC hasn't spelled out the exact checklist, but firms should expect questions about cold wallet storage, segregation of client funds, and disaster recovery plans."
Translation: "Dette er ikke en bred overholdelsesundersøgelse. Det er et fokuseret blik på to områder, der kan sænke en kryptovirksomhed, hvis de går galt. CySEC har ikke specificeret den nøjagtige tjekliste, men virksomheder bør forvente spørgsmål om opbevaring i kolde tegnebøger, adskillelse af kundemidler og planer for genopretning efter katastrofer."
"cold wallet storage" -> "opbevaring i kolde tegnebøger" or "kold opbevaring" – I'll use "kol
