Hope for Cyprus? Aphroditecoin Now 4th By Market Cap
A Sacrifice to the Cult of Fiat. The bail-in of Cyprus, when Cypriots were essentially mugged by their own government, remains a grim reminder of the fiat system's extreme dysfunction. Where families and businesses can be ruined overnight to support a corrupt banking sector, something is clearly amiss. And the problem is far from isolated to Cyprus, with bail-ins now the "template" for resolving bank failures across Europe and much of the developed world. Indeed, the EU just agreed to the creation of a central agency to administer future bail-ins. The Next Banking Shock for Cyprus... And....
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Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government of Cyprus to Submit ‘Attractive’ Crypto Bill Cyprus has an “enviable position” in the EU when it comes to innovation, with the second-best progress last year, according to the European Innovation Scoreboard, the country’s Deputy Minister for Research, Innovation and....
Despite having issued a couple of warnings in the past with regard to the use of bitcoin, the Central Bank of Cyprus has essentially confirmed that bitcoin is not illegal, and there isn't quite anything they can do about it - but again warned of the potential dangers of getting involved. "Bitcoin is not illegal, but at the same time neither is it subject to control or regulation," a source at the bank told the Cyprus Mail. Cyprus-based Neo & Bee have taken the central bank's hands-off attitude to their advantage, launching the first of what is expected to be a number of physical branches....
By now, we are all aware of the financial calamity that has befallen Cyprus in the past three weeks. Since the deposit haircut was first announced and banks were shut down, many have lost their jobs as businesses suddenly find themselves without the means to pay anyone, others have seen their plans for retirement ruined, the economy has largely reverted to cash, and the banking sector, one of the two key pillars of Cyprus' economy together with tourism, will never be the same again. We at Bitcoin Magazine and the team behind GoldMoney GoldMoney, however, have decided to actually go to....
A solution based on VeChain will help people in Cyprus to combat Covid-19. The Digital Transformation Consultant at Mediterranean Hospital of Cyprus, Chris Pana, announced the launch of the new E-HCert App. Built as part of a partnership with i-Dante, a company specialized in pharmaceutical and healthcare solutions, the app will operate as an “electronic […]
Photo by Leonid Mamchenkov. On Friday, Cyprus issued the latest in a deluge of central bank warnings against the use of Bitcoin. The central bank of Cyprus said in a statement that it "does not approve any activity that falls within its purview, unless it can ensure the legality of that activity. Activities without the necessary licensing are in breach of legislation." This leaves holding bitcoins to be legal, but warns holders from conducting any financial activity without the proper license. The statement goes on to warn Bitcoin users against price volatility and the lack of consumer....