A prime location of the Fintech industry, Cyprus is one of the countries at the forefront of blockchain start-ups pioneering, crypto currency investments and asset tokenisation.
The possible applications of Distributed Ledger Technologies are enormously diverse and provide exciting opportunities for innovative business ideas seeking to utilise crypto assets and the numerous benefits they offer. While the industry is becoming increasingly popular and new challenges arise on a broad range of substantive legal areas, regulators are aiming to establish safeguards and adopt a rigid legal framework in order to ensure their reliability, maintain public confidence and at the same time protect consumers, users and investors who trade with them.
Our team is well placed to advise on these areas, combining our in-depth understanding in the fields of intellectual property, data protection, banking and real estate.
More specifically, we advise our clients on matters such as:
- the Anti-Money Laundering regulatory framework applicable to the crypto currency industry in Cyprus
- the legal obligations relating to the registration and licensing of Crypto Asset Service Providers in accordance with the guidelines and directives of the Cyprus Securities Commission (CYSEC)
- the privacy and data security implications for blockchain technologies in the context of GDPR
- corporate structuring and fund formation
- whitepaper review
- security token offerings (STOs)
- initial coin offerings (ICOs)
