Cyprus: Technology

Cyprus has long been recognised as a reputable international financial and corporate centre. However, in recent years, the island has also become a target for fraudulent or unlicensed investment and forex companies that exploit its good reputation and European regulatory framework.

In a groundbreaking move, the European Union has passed the EU Artificial Intelligence Act, the world's first comprehensive legal framework for AI.

As artificial intelligence rapidly evolves, governments worldwide play a balancing game between fostering innovation while managing associated risks.