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“We Are Not Here To Provide Jobs”: CySEC Chair on Crypto Perps, Prediction Markets and the High-Wire Act of EU Regulation
“Our role as a financial regulator is to safeguard the market; we are not here to provide jobs. This may sound blunt, but the reality is that even if entities employ large sales teams, that cannot justify non-compliance with the regulatory framework,” says George Theocharides, CySEC’s Chairman. In Nicosia, where the Mediterranean sun is often sharp enough to act as a disinfectant, there seems to be little in the way of regulatory shade. And on t…
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“We Are Not Here To Provide Jobs”: CySEC Chair on Crypto Perps, Prediction Markets and the High-Wire Act of EU Regulation
“Our role as a financial regulator is to safeguard the market; we are not here to provide jobs. This may sound blunt, but the reality is that even if entities employ large sales teams, that cannot justify non-compliance with the regulatory framework,” says George Theocharides, CySEC’s Chairman. In Nicosia, where the Mediterranean sun is often sharp enough to act as a disinfectant, there seems to be little in the way of regulatory shade. And on t…
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