Cyprus regulator launches regulatory soundbox amid rapid changes in the fintech industry

The Cyprus Securities and Exchange Commission has established a regulatory sandbox that provides
the evolution of its Innovation Hub, in recognition of the rapid changes in financial, regulatory and supervisory technology (FinTech, RegTech and SupTech).

The regulatory sandbox will provide opportunities to test innovative solutions in a controlled environment under the supervision and guidance of CySEC.

The presentation of the Regulatory Sandbox will take place on June 11, 2024 in the form of an online event.

Due to the creation of the Regulatory Sandbox, the CySEC Innovation Center ceases its operations.

CySEC President Dr George Theocharides said: “The regulatory sandbox represents a significant step forward in supporting responsible innovation in Cyprus’ financial services markets. Through this initiative, we want to continue to encourage the development of innovative solutions in line with technological developments, while ensuring investor protection and market integrity