Cyprus Securities and Exchange Commission report: Innovation Center is working with 9 blockchain projects

According to Cointelegraph, the Cyprus Securities and Exchange Commission (CySEC) recently released a report that reports on the work of the Innovation Hub. The report shows that a total of 19 companies interact directly with the platform, 9 of which are blockchain-based projects. CySEC Chairman Demetra Kalogerou said the center is strengthening investor protection “by embracing new innovations in finance and regulatory technology”, and the task of the regulator is to “create a strong ecosystem that will enable fintech companies to thrive in Cyprus Development. "It is reported that the Innovation Center was established in October 2018 to promote knowledge sharing between regulators and innovators, facilitate the development of regulations, and ensure compliance with emerging technology industries.