The Cyprus Securities and Exchange Commission, Cysec, has revealed new details about its efforts to explore blockchain technology, hinting live trials might already be underway.
According to a report by Cyprus Mail, the agency is particularly interested in the regulatory implications of shared, distributed ledgers, and is testing how the technology could grant it greater oversight of over-the-counter markets.
There, the regulator asserts that licensed investment firms are already trading in digital currency derivatives, an offering now in the early stages of development in the U.S. markets, as well as globally.
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