ARTICLE
23 May 2022

Blockchain Fest 2022 Cyprus

CA
Chrysostomides Advocates & Legal Consultants

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As a trusted partner, our firm supports clients in navigating the ever-changing legal landscape and helps them explore, keep pace with and benefit from the wealth of opportunities offered by emerging economies, the global movement of people and capital, new technologies and knowledge. From offices in Nicosia and Limassol, our team of more than 80 legal professionals and operations services members assists clients from all around the world, helping them grow their businesses, protect their assets and settle disputes.

Costas Mavrides, Eleni Shiarly, Angelos Exadactylos and Pavlos Mundis, members of our firm's Blockchain and Cryptoassets legal team attended Blockchain Fest 2022 Cyprus
Cyprus Technology

Costas Mavrides, Eleni Shiarly, Angelos Exadactylos and Pavlos Mundis, members of our firm's Blockchain and Cryptoassets legal team attended Blockchain Fest 2022 Cyprus , an interactive event on Blockchain, Cryptocurrencies, Decentralised Finance (DeFi), NFTs, Mining and more. Leading professionals from the blockchain industry attended the conference and our team attended many interesting presentations and discussion panels on subjects as diverse as the Blockchain ecosystem in Cyprus, financial technology innovation, the Metaverse and sports sponsorship investment.

For the first time in the history of the event, Blockchain Fest 2022 featured a panel involving participants from the Cypriot banking sector. Their participation engendered a fascinating discussion regarding the local banking sector's approach to innovation in the field of financial technology (FinTech) as well as the obstacles faced in adopting or supporting blockchain initiatives and potential ways of overcoming them. The banks' participation indicated both the increasing adoption and legitimisation of cryptocurrencies and changing perceptions as to how various initiatives for implementing blockchain technology can provide technological solutions to solve real world problems in both the public and private sector.

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