Crypto.com Gets Regulatory Greenlight in Cyprus

Singapore-based crypto exchange Crypto.com has secured a license from the Cyprus Securities and Exchange Commission (CySEC). The exchange announced this achievement through a tweet earlier today. [embed]https://twitter.com/cryptocom/status/1550449386253348864?s=21&t=-MgdKJarz3iJ0KxGmqQy3Q[/embed] Through this license, Crypto.com can now offer Cyprus citizens a suite of products and services in a regulated environment. Commenting on this development, Crypto.com CEO Kris Marszalek said: Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with…

Cyprus Government Prepares Crypto and Digital Assets Bill

The Government of Cyprus has laid down its own digital assets laws to administer cryptocurrency transactions. It is very likely Cyprus could adopt the new bill before the EU reaches a consensus regarding its own regulatory structure. Kyriacos Kokkinos, an official of the Cyprus government, shared this information in a fintech meeting at Larnaca. Government Supports Crypto Usage Also a member of the European Union, Cyprus has a reputable position in the consortium when it comes to innovation. Just last…