Recognizing the rapid evolution of financial, regulatory and supervisory technology, the Cyprus Securities and Exchange Commission (CSE) today announced the creation of its Regulatory Sandbox, which is the evolution of its Innovation Hub.
The Regulatory Sandbox will provide testing opportunities for innovative solutions in a controlled environment under the supervision and guidance of CySEC.
The launch of the Regulatory Sandbox will take place on June 11, 2024 via an online event.
In view of the creation of the Regulatory Sandbox, the CySEC Innovation Hub is shutting down.
The President of YKK, Dr. George Theocharidis said:
“The Regulatory Sandbox marks an important step forward in promoting responsible innovation in the financial services markets in Cyprus. Through this initiative, we aim to further encourage the development of innovative solutions in line with technological developments, while ensuring investor protection and market integrity.”