Politis

G. Theoharidis: 808 Supervised Entities, 8 Companies Offer Crypto Services

Published January 19, 2026, 18:17
G. Theoharidis: 808 Supervised Entities, 8 Companies Offer Crypto Services

The Cyprus Securities and Exchange Commission (CySEC) recorded a 2.53% increase in the number of supervised entities over the past five years, reaching 808 at the end of 2025. Simultaneously, 61 new licensing applications are under review. A significant increase is observed in companies offering cryptocurrency services, with eight companies already licensed and another 21 in the licensing process. CySEC President George Theoharidis emphasized that many of these companies are large and serve millions of customers in Europe. CySEC's budget for 2026 is balanced at €19.25 million, with a 24.04% increase in revenue due to new directives and pricing policies. CySEC focuses on protecting investors and promoting healthy market growth.