Cyprus crypto regulation analysis

Historically, this European nation has always been very welcoming to cryptocurrencies. They were one of the first to declare the currency as legal tender in 2014, and they've continued to be a friendly place for both cryptocurrency enthusiasts and ICO organizers. At present there are no regulations in this locale when it comes to buying, selling, owning or exchanging cryptocurrencies, and as such it has made it a great place for blockchain projects to do business.

It seems the blockchain has finally given tiny countries an avenue in which they can finally compete with bigger nations. While the world's most powerful countries may be having a collective heart attack when it comes to digital currencies, countries like CY are taking it in stride and instead embracing these new technologies.

For a country like this, being able to attract blockchain companies with deep pockets and the investors who are chasing them can have some very positive economic effects for their country. Presently, this country is actually the highest rated country on our site, and it's the best and most free location in the entire world for ICO organizers, investors, and crypto enthusiasts, and if your investment is located here, then they are unlikely to run into any legal troubles with the government. This is because Cyprus cryptocurrency regulation is nonexistent.