Cyprus's Financial Regulator to Introduce Blockchain-Based Payment System


cysecFollowing thorough research into what blockchains are capable of, financial institutions throughout the world have started offering blockchain-based services to the public. Recent reports indicate that the Cyprus Securities and Exchange Commission (Cysec) is planning to introduce distributed ledger technology to its electronic payment system. Cysec partners with BARAC At this time, Cysec is actively exploring the benefits of blockchain technology. As a member of the European Securities and Markets Authority, it’s also participating in various international research projects. To develop and launch its blockchain technology mechanism, the regulator has partnered up with the Blockchain Technology for Algorithmic Regulation and Compliance Association, also


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