NICOSIA, Dec. 2 (Xinhua) -- The Cyprus Securities and Exchange Commission (CySEC) announced on Monday that Cyprus is set to officially regulate cryptocurrency operations as of Jan.1, 2025, signalling a transformative shift in its financial sector.
During the presentation of CySEC's 2023 annual report to President Nikos Christodoulides, CySEC President George Theocharides emphasized the nation's preparedness for this pivotal shift. He also revealed that several prominent cryptocurrency companies have already shown interest in setting up headquarters on the Mediterranean island.
