Cyprus financial regulator opened to blockchain, fintech and regtech

Monday 30 October 2017 10:00 CET | News

The financial regulatory agency of Cyprus, the Cyprus Securities and Exchange Commission (CySEC), has announced that it will be using blockchain technology, according to latest reports.

As reported by Cyprus Mail, the commission has already issued a circular on this issue, and the potential of the technology to transform transferring assets processes and foreign exchange. Furthermore, CySEC is also in the process of assessing a draft legislation on the introduction of fundraising mechanism for startups through crowdfunding.

Thus, the commission’s effort will focus on a wider use of regtech and fintech, aiming to preserve the country’s dynamics in the provision of financial services and products.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Cyprus Securities and Exchange Commission, CySEC, blockchain, fintech, regtech, crowdfunding, innovation, Cyprus, Europe
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies