The Cyprus Securities and Exchange Commission (CySEC) has announced the official launch of its regulatory sandbox on Tuesday during an online event.
In its statement, the commission highlighted that
“This initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies in Cyprus.”
During the presentation, CySEC chairman George Theocharides expressed the commission’s vision:
“To ensure that Cyprus’ securities market is one of the safest, most reliable and attractive destinations for investment.” He further elaborated that the regulatory sandbox is “helping us achieve this vision, while also addressing the challenge of keeping pace with ever-increasing developments in Europe’s financial sector.”
The virtual launch event drew over 500 stakeholders from the financial sector, including representatives from regulatory bodies, financial institutions, and technologically innovative firms.
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