Cyprus Securities Watchdog Launches Blockchain Innovation Hub

Cyprus Securities Watchdog Launches Blockchain Innovation Hub

Cyprus’s Safety and Trade Fee is exploring choices to reap the benefits of monetary innovation whereas sustaining regulatory oversight over a dynamic, and ever-changing, blockchain and cryptocurrency trade.

As a result of its strategic location, Cyprus has lengthy been a singular monetary hub for Europe. Over the previous few years, the Mediterranean nation has quickly turn into a hotspot for cutting-edge applied sciences.

This has led quite a few blockchain startups eager to arrange store on the island.

Now, each the College of Nicosia and the Cyprus Worldwide Institute of Administration host world-class seminars and lectures on matters associated to digital forex and blockchain know-how.

Cyprus’s Safety and Trade Fee (CySEC) has additionally entered the fray, having just lately established an Innovation Hub that focuses on blockchain.

Corporations who go the applying course of have entry to specialised experience and trade roundtables whereas sustaining the flexibility to speak with CySEC as they work on points associated to blockchain innovation.

CySEC Chairwoman Demetra Kalogerou envisions the Hub as a spot the place industries can simply have a dialogue with one another and with regulatory our bodies whereas serving to CySEC get a greater understanding of funding merchandise and platforms that use DLT.

Bullish On Blockchain?

In a latest interview with Finance Magnates, Chairwoman Kalogerou famous CySEC was open to talking with consultants to additional perceive blockchain’s advantages and dangers in terms of the monetary market.

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