The Association of Cyprus International Financial Firms (ACIFF) recently placed key developments in the financial sector, including digital transformation, cybersecurity, and the new regulatory framework for cryptocurrency transactions (MiCA), at the forefront of its Annual Assembly.

In a statement, ACIFF President Dimitris Taxitaris highlighted that since its establishment in 2009, the Association has been promoting constructive cooperation between regulatory authorities and financial entities, focusing on compliance training. He also noted that cybersecurity and the new MiCA regulatory framework are immediate priorities for ACIFF and its members.

Dr. George Theocharides, Chairman of the Cyprus Securities and Exchange Commission (CySEC), discussed the latest sector developments and new legislative regulations. He emphasized CySEC's commitment to strict supervision and healthy growth of the investment sector, with investor protection as a central focus.

Stavros Agrotis, Executive Consultant at the Central Bank of Cyprus (CBC), elaborated on significant issues concerning both the CBC and the European Central Bank, particularly focusing on Digital Transformation and Cybersecurity Risks.

Furthermore, Alexandros Konstantinou, Director of Compliance Services at MAP S.Platis, focused on the provisions of the upcoming MiCA regulation and cryptocurrency services. The discussion was moderated by Mateo Jarrin Cuvi, AGRC Global Manager for Partners & Media.

The ACIFF General Assembly was organized with the support and sponsorship of the European Institute of Management and Finance, QuadPrime, MAP FinTech, and MAP Risk Management Services.