The Cyprus Securities and Exchange Commission (CySEC)
launched its Regulatory Sandbox on June 11, 2024, through an online event. This
initiative signifies progress in financial, regulatory, and supervisory
technologies such as FinTech, RegTech, and SupTech in Cyprus.
Hosting Virtual Launch for Regulatory Sandbox
More than 500 stakeholders from the financial sector
participated in the virtual launch event. Attendees included representatives
from regulatory bodies, financial institutions, and technologically innovative
firms. They received information on the Sandbox’s operational framework and its
potential benefits for market participants.
Following the event’s conclusion, Dr George Theocharides,
Chairman of CySEC, underscored the initiative’s significance, stating: “With
the introduction of the Regulatory Sandbox, we are taking another major step in
fostering responsible innovation in the financial services sector.”
“Our goal is to support the development of cutting-edge
solutions that meet technological advancements, without compromising market
integrity and investor protection.”
The Day is Here!We can’t wait to welcome you to today’s Regulatory Sandbox launch event.Tune in!#RegisterNow #CySEC #RegulatorySandbox #Innovation #FinTech #RegTech #SupTech pic.twitter.com/GQgsz42WhF
— CySEC (@CySEC_official) June 11, 2024
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This article was written by Tareq Sikder at www.financemagnates.com.
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