Unlocking Crypto Potential in Cyprus: Navigating the Regulatory Maze
Cyprus is considered a friendly crypto jurisdiction. The island’s location, its common law legal system, attractive tax framework, and its business-friendly infrastructure, combined the government’s balanced regulatory stance (compared to other EU countries with stricter regulations), creates a favorable environment for crypto-related activities.As a result, Cyprus attracted the major global players in the fintech and crypto-assets industries, including Crypto.com, eToro, Revolut, Bitpanda and CMC Markets, offering a new dynamic and placing Cyprus high in the fintech and crypto-business jurisdiction list. In addition, Cyprus’ favorable visa regime for non-EU professionals, adds up to Cyprus becoming an ideal Fintech-Crypto hub. In recent years,…