Cyprus Digital entrepreneurship Recovery and Resilience Plan 2023
The plan is designed to encourage investments in digital entrepreneurship and enhance the integration of digital technology in businesses. This initiative aligns with Cyprus’s strategic objectives outlined in the Recovery…
European parliament have granted approval to the world’s inaugural framework for crypto regulation
The European Parliament has given the green light to the world’s first comprehensive set of rules designed to regulate the cryptocurrency industry. With 517 votes in favor and 38 against,…
The Cyprus Legal Service Rejects the Decentralized Technologies Bill
The Legal Service has blocked the bill on decentralized technologies, citing arguments of unconstitutionality and legislative redundancy as identified by the General Prosecutor’s Office, raising questions in the legal and…
CySEC has issued a warning about a fraudulent platform named Berkshire Hathaway TX
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning about a fraudulent platform named Berkshire Hathaway TX, which falsely claims to offer crypto services. The name of the…
Ministry of Finance hosts a seminar regarding EU Digital Finance Package
On Tuesday, April 4, 2023, the Ministry of Finance hosted a seminar for relevant authorities and organizations with the purpose of providing information about the “Digital Finance Package” introduced by…
FTX EU launches withdrawal website to pay back European users
FTX EU, the European arm of the FTX cryptocurrency exchange, has launched a website for European customers to submit withdrawal requests. This development comes almost five months after the collapse…
Cysec issues a Practical Guide for Sanctions and Restrictive Measures
Through Circular C556, the Cyprus Securities and Exchange Commission (CySEC) is notifying Regulated Entities about the issuance of a practical guide providing guidance on Sanctions and Restrictive Measures. The practical…
Electronic Communications and Postal Regulation Budget of 2023 includes Blockchain training
The passed Electronic Communications and Postal Regulation Budget of 2023 includes a section “Article 03502 – Training” which includes “Training of operators on BLOCKCHAIN technology applications” with a total budget…
The European Commission’s Vision for a ‘Gold Standard’ Blockchain in Europe
Blockchain technology enables individuals and organizations, even those who are unfamiliar with each other, to collectively agree on and securely record information without the need for a central authority. This…
CySEC issues warning against IMS Crypto
The Cyprus Securities and Exchange Commission (‘CySEC’) informs the investment public that the website below, does not belong to an entity registered to CySEC’s register as Crypto Asset Service Provider,…