August 2, 2021
Markets

CySEC has presided over the vast expansion of the Cyprus securities market; new crypto regulations — Chairwoman

“Today, the Cyprus Securities and Exchange Commission (CySEC) oversees 790 entities and 9 trillion transactions by Cyprus Investment Firms, placing it among the first markets in Europe in 2020,” noted CySEC Chairwoman Demetra Kalogerou. “This is an expansion of more than 200 per cent since 2011 and we have 100 applications for licences awaiting approval decisions.”

Speaking at a conference on Wednesday to celebrate CySEC’s 25th anniversary, Kalogerou announced new developments underway which include the registration of cryptocurrency asset service providers. “Supervision will be mainly concerned with money laundering. Recently, we have issued our directive concerning cryptocurrencies, and we will prepare the relevant applications by September of this year.”

“A draft law is currently being prepared in parliament regarding fund administrators, that is, the supervision…

Read full article here: cyprus-mail.com