Cryptocurrencies are gaining popularity in Cyprus and globally, offering both new payment methods and investment opportunities. Many businesses, from real estate to retail, are now accepting digital currencies like Bitcoin for payments, providing a secure and borderless alternative to traditional methods. At the same time, the potential for high returns has attracted investors looking to diversify their portfolios. However, while cryptocurrencies offer significant benefits, businesses and investors must carefully consider risks such as market volatility, legal obligations, and security concerns.
We explore these growing trends and some of their legal considerations in our latest article that can be viewed on Lexology and Mondaq.
For more information, please reach out to Emilios Charalambous and Alexandros Neofytou at Elias Neocleous & Co LLC.
