Dr. George Theocharides, Chairman of the Cyprus Securities & Exchange Commission (CySEC), has expressed the assessment that the development of the digital assets market requires a strong regulatory framework, trust and effective supervision.
Speaking at the Digital Assets and the Future of Finance Summit 2026, presented by ECOMMBX, Theocharides presented the main developments in the digital assets market and the first conclusions from the implementation of the European MiCA regulation, focusing on the institutional maturation of the market and the prospects created for the European financial industry.
During his speech, he said, “Financial markets are in a period of structural transformation, with digitalisation and innovation changing the way they operate. Digital assets are now increasingly integrated into the financial system, while institutional participation is accelerating through regulated products, such as ETFs and ETPs.”
At the same time, he underlined that, "MiCA is the first comprehensive European regulatory framework for crypto-assets, enhancing legal certainty, investor protection and supervisory convergence across the European Union."
Referring to future market developments, Theocharides noted that “tokenisation creates significant prospects for capital markets, offering greater efficiency, transparency and the possibility of fractional ownership, although challenges remain in terms of infrastructure, custody and legal certainty.”
In closing, the CySEC Chairman stressed, “Innovation and regulation must evolve in parallel. The goal of supervisors is to protect investor confidence, ensure market integrity and at the same time create the conditions for sustainable financial innovation. Only in this way can we build a more resilient and future-oriented financial system.”
(Source: InBusinessNews)
