Blockchain technology enables the digital ownership, transfer, and storage of assets without the necessary need of a central third party or intermediary. The attributes of this technology, wrapped nicely with token interface standards such as that of NFTs, are revolutionising the ownership of real and virtual word assets. It is possible to tokenise a real estate deal in Cyprus, or even to purchase land in a virtual world. Not only that, through  Apps, blockchain technology has pushed to revolutionise the financial products and financial concepts as we know…

Every year Saxo Bank prepares a forecast of underappreciated events which, if they were to occur, could send shockwaves across financial markets. Here are the bank’s predictions for 2022. 1. The plan to end fossil fuels gets a rain check. Realising the threat of inflation and social unrest, policymakers decide to temporarily relax environmental restrictions. They support fossil fuel investment and encourage producers to ensure adequate and reasonably priced supplies. 2. Facebook faceplants on youth exodus. The young generation fails…

Consulco, the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. The office is centrally located at  18 Evagora Papachristoforou Street, off Makarios Avenue near the town’s municipal park. The firm’s Limassol operations are managed by Christos Hadjisotiris and Evangelia Kapnistou, both Limassol bred professionals with considerable experience in the financial and investment sectors.   Marios Hadjiroussos, the Consulco’s CEO commented “Limassol is an important office location for Consulco as it enables the firm to…

CySEC has issued a Policy Statement (available here) relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus. It should be noted that in December 2020, CySEC introduced a Temporary Permission Regime so that UK firms can continue to provide investment services without a physical presence in Cyprus, under the condition that they only offer…