Despite the unregulated status of crypto in Cyprus, the nation's securities regulator is promoting and adopting blockchain.
Cyprus News
Cyprus is an island republic in the eastern Mediterranean with a population of around one million. Cyprus has a diversified and prosperous free-market economy that is mostly built on the its service industry, with its most important exports being medicine, agriculture and products of light manufacturing. However, the economy of Cyprus largely suffered from the eurozone banking crisis, which it has only started to recover from since 2014. Cyprus has a good investment climate due to its liberalized stock exchange and business-friendly tax system that led to the establishment of Cyprus as a financial hub for investments from Asia, Russia and Eastern Europe. The use of Bitcoin is not regulated in Cyprus. Although the Central Bank of England issued a warning statement about the use of cryptocurrencies, Cyprus continues to welcome blockchain and cryptocurrency startups, and it allows Bitcoin exchanges and ICOs.
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Cyprus’ SEC recently flagged three investment platforms that look almost identical and falsely asserted ties to licensed firm BDSwiss.
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The finance minister of Cyprus, Harris Georgiades, said that the country’s blockchain regulation draft will be ready this year.
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Cyprus’ securities regulator is calling for the transposition of an extended version of the European Union’s Fifth Anti-Money Laundering Directive into national...
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During an EU meeting, seven southern EU member states released a declaration asking for help in the promotion of blockchain.
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A Cyprus court has dropped the lawsuit against alleged BTC-e former operator Alexander Vinnik, with the next session scheduled for Nov. 29.
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The Cypriot government has signed an MoU with blockchain startup VeChain through its national investment partner Invest Cyprus for developing the blockchain ind...
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The Cyprus Securities and Exchange Commission (CySEC) has announced its intention to integrate Blockchain or distributed ledger technology (DLT) to its electron...
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Precious metals and cryptocurrency will likely benefit from the inherent flaws in our debt-based monetary system, but owning one type of asset shouldn’t deter a...
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International Forex trading hub, Cyprus, signals that much tighter standards will be enforced within 9 months, causing uncertainty among FX companies, some of t...
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Danny Brewster, ex-CEO of Neo & Bee, a Cyprus based Bitcoin company, who is accused of fraud against customers, has shown up in public trying to clear his reput...
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Cyprus based Bitcoin exchange Authenta Trade aims to become a licensed exchange and Cyprus Investment Firm (CIF) after the approval of regulator.
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