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Please dial it down. You must be mistaken with another country! Cyprus is a member of the European Union and there are very strict regulations on FinTech and o
by northlondoner 1y ago
Please dial it down. You must be mistaken with another country! Cyprus is a member of the European Union and there are very strict regulations on FinTech and other gaming industries.
Recently Revolut has invested under strict supervision from European regulators as well.
https://fintechnews.ch/blockchain_bitcoin/revolut-mica-license-cyprus/78914/ https://fintechnews.ch/blockchain_bitcoin/revolut-mica-licen...
- cjbenedikt 1y agohttps://www.icij.org/investigations/cyprus-confidential/cypriot-authorities-face-scrutiny-over-probe-into-russian-billionaires-moves-to-dodge-sanctions/#:~:text=IMPACT-,Cypriot%20authorities%20face%20scrutiny%20over%20probe%20into%20Russian%20billionaire's%20moves,being%20carried%20out%20remain%20murky. https://www.icij.org/investigations/cyprus-confidential/cypr...
- northlondoner 1y agoThis is a bit old. Ecosystem changing rapidly. Currently, FinTechs operate under quite strict laws and regulations. Transparency is also improving. I think datacenters and supercomputing facilities are other core areas that were in talks with Silicon Valley veterans; because there is an established scientific university research environment locally. Due to particle physics, some groups are members of the CMS from CERN (Google it 'CMS CERN Cyprus').
- anovikov 1y ago"fintech and other gaming industries" is a very fair representation of what's going on.
- northlondoner 1y agoEcosystem is evolving, it is more diverse than fintech. Such as computer games, both mobile and console start-ups are thriving. Recent directions, attract more investments on data centres and supercomputing; it will improve within the coming years, much more pronounced.