Cyprus: Fin Tech

Cyprus Taxation on Cryptos. What You Need to Know?

As global demand for tax-efficient and compliant business hubs grows, Curaçao continues to stand out as one of the most business-friendly jurisdictions in the Caribbean.

The global foreign exchange (forex) industry continues to grow, driven by new trading platforms, advanced technologies, and increasing investor demand for alternative assets.

Imagine a situation where someone owns cryptocurrency in a self-custodial wallet (where no third-party provider is involved). The value of their crypto assets may be quite substantial.

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) ("DORA") is a landmark EU regulation aimed at strengthening the cyber and operational resilience of the financial sector.

The Digital Operational Resilience Act (Regulation (EU) 2022/2554), hereinafter referred to as "DORA", is an EU regulation that entered into force on the 16th of January 2023...

At Savva & Associates, we understand the unique challenges and opportunities that come with cryptocurrency wealth.

The European Securities and Markets Authority (ESMA) has recently issued a statement on transitional measures and a list of grandfathering periods under Regulation 1114/2023 on markets in crypto-assets (MiCAR).

The remarkable resurgence of the crypto industry marks a strong turnaround from the collapse of crypto-exchange FTX not long ago, with Bitcoin soaring from just $16,000 two years ago to over $100,000, capturing the attention of investors and money managers everywhere.