The Cyprus Securities and Exchange Commission (CySEC) has announced that it intends to integrate Blockchain or distributed ledger technology (DLT) to its electronic payment system.
The financial regulator has signed a partnership with the Blockchain Technology for Algorithmic Regulation and Compliance Association (BARAC) to develop and introduce the Blockchain technology mechanism.
In its press statement, CySEC’s partner BARAC announced the various benefits of DLT to the financial industry like enhancing efficiency, boosting security and eliminating duplications in transactions…
Read Full: Cyprus Securities and Exchange Commission Plans Blockchain-Based Electronic Payment System
