25 April 2023
On 20th April 2023, the European Parliament gave its final approval to the new Markets in Crypto-Assets Regulation (MiCA) with 517 votes in favour and 38 against. The Regulation forms part of the EU’s wider digital financial framework and aims to promote the use of new financial technologies and ensure consumer protection and financial stability across the EU.Read More
10 April 2023
The Ministry of Finance has decided not to further promote the bill on “Distributed Ledger Technology Law”.Read More
22 February 2023
The International Institute for the Unification of Private Law (UNIDROIT) has published its draft principles and commentary on Digital Assets and Private Law.Read More
16 September 2021
Blockchain technology, has come to prominence since the creation of Bitcoin back in 2009. In sum, Blockchain is a decentralized, distributed ledger system that stores and records information in blocks.Read More
23 July 2021
CySEC has published a Directive on ‘the Register of Providers of Services Regarding Crypto Assets’, under powers conferred by Law 188(I)/2007 on ‘Prevention and Suppression of Money Laundering and Terrorist Financing’.Read More
07 April 2021
The enactment of the 5th Anti Money Laundering Directive via amendment of Law 188(I)/2007 constitutes the introduction of mandatory crypto assets regulation in Cyprus.
10 February 2021
CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets.Read More
07 May 2020
Fundamental aspects of the blockchain technology seem to be incompatible with the data protection regulation. Before its widespread adoption and implementation these aspects shall be considered.Read More
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: