Tag: Cyprus

Cyprus’s Financial Regulator to Introduce Blockchain-Based Payment System

Following thorough research into what blockchains are capable of, financial institutions throughout the world have started offering blockchain-based services to the public. Recent reports indicate that the Cyprus Securities and Exchange Commission (Cysec) is planning to introduce distributed ledger technology to its electronic payment system. Cysec partners with BARAC At this time, Cysec is actively exploring the benefits of blockchain technology. As a member of the European Securities and Markets Authority, it’s also …
[Read More]

Forex Broker FxNet Halts Bitcoin Support

Although it is always positive to see trading platforms integrate Bitcoin payments at some point, not every company will see as much success from doing so. Forex broker FxNet, which is based in Cyprus, has announced they will be removing Bitcoin from their list of supported trading instruments as of today. All open positions will remain active until they are closed, after which it will no longer be possible to …
[Read More]