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Cyprus
Europe's Economic Crossroads: Recession Fears and S&P Global's
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cyprus
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CryptoCurrency
Trading 212 Gains Crypto License in Cyprus
2024-06-18T12:51:11.871+02:00
The license allows the brand to offer crypto exchange and custodial services.
Trading 212 is yet to announce its plans around cryptocurrencies.
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Executive Moves
CySEC Appoints Panikkos Vakkou as New Vice-Chairman
2024-05-30T10:38:12.855+02:00
Simultaneously, Neophytos Lambertidis becomes a new member of the regulator's Board.
The move is taking place due to the current Vice-Chair transitioning to the Central Bank of Cyprus.
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Retail FX
Cyprus Fund Assets Rise 4.5% to €6.79B, Ending Two-Quarter Slide
2024-05-28T14:05:56.841+02:00
The island continues to gain traction, with 328 fund entities now reporting.
Equity funds saw the biggest jump in assets, rising 6.24% quarter-over-quarter.
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Trending
Freelancers and Contactors – Why Cypriot Firms Avoid Them
2024-04-29T07:10:30.814+02:00
Freelancers and specialists can add a great deal to your business.
However, many Cypriot firms avoid using them.
Why are they missing out?
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Retail FX
CySEC Bans Broker Directors for 2 Years
2024-04-10T11:20:29.250+02:00
Bugayenko and Dotsa are prohibited from exercising CIF’s management duties.
The regulator suspended the shareholder rights of Veles International's sole owner.
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Retail FX
Crisis to Confidence: Experts Chart Cyprus’s Path to Financial Resurgence
2024-03-27T13:10:13.333+02:00
The panelists of “The Financial Landscape” stressed understanding finances, citing cases of undisclosed investments causing sudden tax burdens.
They also discussed Cyprus's business environment, addressing reputation concerns and highlighting the importance of quality to attract investors.
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Trending
The Complete Guide to Mixing Business with Pleasure in the Mediterranean
2024-03-07T11:57:21.002+02:00
A guide for the financially fabulous.
Forge relationships, not just business contacts.
Learn the lingo, get stuck in.
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Trending
Digital Nomad - The Cyprus Odyssey
2024-03-05T17:24:13.654+02:00
Working on the beach on Aphrodite’s isle?
Cyprus is a great place to consider.
Just make sure that you've got a decent data plan.
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Louis Parks
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Retail FX
CySEC Alerts Investors about 10 Unauthorized Investment Websites
2024-02-22T17:33:09.865+02:00
The regulator has urged investors to check its website for licensed firms.
Among the flagged firms are apexfinancialtrading.com and bullmarketsllc.com, among others.
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Jared Kirui
Trending
The Expat Entrepreneur: Starting a Business in Cyprus
2024-02-13T10:27:47.526+02:00
The ups and downs of business in Cyprus.
All told by an expat who has set up on the island.
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FinTech
payabl. Secures EMI License in Cyprus, Paving the Way for European Expansion
2024-01-25T16:37:55.755+02:00
This license allows payabl. to expand its payment services across the European Economic Area.
Previously, payabl. held a Payment Institution license in the region.
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Retail FX
CySEC-Regulated TCR in €220 Million Money Laundering Storm
2023-12-28T20:02:09.155+02:00
The Cypriot firm TCR faces a French probe for suspicious transactions, according to Le Monde.
Also, local authorities are investigating TCR International's potential money laundering links.
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CryptoCurrency
Cypriot Agency Sees Rise in Suspicious Crypto Transactions
2023-12-11T10:13:00.471+02:00
The agency received 27 incidents of suspicious transaction reports last year.
It expects a rise in other fraudulent financial activities.
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Retail FX
Gold-i Enhances Cyprus Presence: Onboards Local Consulting Firm
2023-11-08T11:01:32.724+02:00
The consultancy will handle sales and support for Gold-i on the island.
It will report directly to Gold-i’s CCO.
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CryptoCurrency
Cyprus Plans to Crackdown Unregulated Firms with Hefty Fines and Imprisonment
2023-10-11T12:02:14.408+02:00
CySEC will include a fine of up to €350,000 and imprisonment of up to five years.
Several other EU member states already have such rules.
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Retail FX
CySEC Finds Instagram Impersonator: Issues Public Warning
2023-10-10T13:34:10.135+02:00
The fake Instagram account has more than 14,100 followers.
It fraudulently offers dispute resolution services.
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Retail FX
CySEC Imposes Administrative Penalty on Ayers Alliance's Owner
2023-09-26T10:56:42.824+02:00
The regulator initiated an investigation against Ayers Alliance last month.
The company has now renounced its CIF license.
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CryptoCurrency
Cyprus Regulator Officially Deregisters Local Binance Entity
2023-09-12T09:04:42.096+02:00
The exchange applied for the deregistration earlier this year.
It did not offer any services under the Cypriot crypto license.
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Thought Leaders
Final Countdown to iFX EXPO International 2023
2023-09-05T11:17:36.872+02:00
Over 4,000 attendees are expected at the biggest fintech event of the year.
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Retail FX
How Cyprus, Germany, and Sweden Command 75% of EU's Cross-Border Retail Trading
2023-07-21T09:33:54.424+02:00
Cyprus is home to the highest number of investment companies in the EU.
It also leads the pack when it comes to the number of clients by home member state.
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Retail FX
Exclusive: CySEC Offers €140,000 for Investigating Cypriot Investment Firms
2023-07-13T14:58:44.532+02:00
The regulator is looking for an external expert to conduct the investigations.
In 2022, CySEC conducted 119 remote document inspections.
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Retail FX
Brokeree Establishes New Base in Cyprus for Better Collaboration and Synergy
2023-06-26T13:37:14.255+02:00
The company opened an office in the CySEC-regulated jurisdiction.
The new headquarters provides Brokeree access to the European FX-CFD hub.
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CryptoCurrency
Bybit Strengthens Regulation with New Cyprus License
2023-06-26T12:29:41.631+02:00
The license will allow Bybit to offer crypto exchange and custody services.
The exchange recently exited Canada due to straight regulations.
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CryptoCurrency
Binance Seeks to Deregister Cypriot Subsidiary
2023-06-14T21:28:34.952+02:00
Binance told CoinDesk it is preparing for MiCA, EU's landmark crypto law.
The move comes as Binance battles an SEC lawsuit in the United States.
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Executives
Elie Aoun, CFI Cyprus’ CEO, Joins CySEC’s ICF Admin Committee
2023-04-14T17:58:27.833+02:00
Aoun has been a CEO at CFI Cyprus for over 10 years now.
ICF offers protection to clients of Cyprus Investment Firms.
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