Cyprus to issue blockchain technology regulation law in 2019

The head of the Ministry of Finance announced the national strategy for using digital technologies will be available soon. Unlike many other countries, Cypriots are pointed at intense and widespread support of blockchain.

According to the authorities, this is a revolutionary technology with excellent potential. It will be entered the public and private sectors and will fundamentally change the structure of modern society.

The national strategy will support digital innovations, and assure their wide dissemination, as well as eliminate risks and threats for end-users. Tax, land, and customs departments have already announced the forthcoming elements of advanced technologies.

1 year ago

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