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Cyprus Fintech - The 2024 ICLG Guide offers key insights on Cyprus’ fintech sector
Press Release 08:44 - 23 July 2024
Limassol based law firm E&G Economides LLC has made a significant contribution to the 8th edition of the International Comparative Legal Guide (ICLG) for the fintech industry in Cyprus.
The firm's team members, Xenia Kasapi and George Economides, once again lent their expertise to the comprehensive guide consulted by companies, law firms and professionals around the Globe.
The Fintech 2024 guide offers an invaluable comparative analysis of key fintech laws and regulations across various jurisdictions, providing insights into the global legal landscape of the fintech industry. This edition addresses critical topics such as blockchain, cryptocurrencies, digital banking, and regulatory sandboxes, which are essential for understanding the dynamic fintech environment.
The chapter on Cyprus, contributed by Kasapi and Economides, analyses the specific regulatory framework and emerging trends in the Cypriot fintech sector. It covers crucial aspects including compliance requirements, licensing procedures, the roles of the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus in regulating.
The Cyprus Fintech Guide can be downloaded here.
The fintech industry holds significant importance in Cyprus, particularly in Limassol, a city considered as a hot-spot for financial technology companies. The city's strategic location, robust infrastructure, and favourable regulatory environment make it an attractive destination for fintech enterprises. The insights provided in the ICLG guide emphasize the vital role that fintech plays in the economic landscape of Cyprus and highlight Limassol's position as a key player in this rapidly evolving sector.
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