The Cyprus Government is Taking a Leading Role within the Blockchain Industry

The Cabinet of Cyprus has made the decision to appoint a joint working group to develop blockchain technology in Cyprus. The aim of the group is to enable the public sector to move forward with international developments of blockchain technology.

Blockchain technology is the software behind decentralised systems that allow for safe and transparent transactions in digital form.

Government spokesman Prodromos Prodromou stated “this was an important decision for the country’s future development and adjustment in the digital era” – He also stated that the new working group will be supervised by the government and the House of Representatives, including experts from both public and private sectors.

The working group will focus on providing a plan to incorporate blockchain technology into the public sector. Keeping Cyprus at the forefront of international developments.

Simon Zenios & Co LLC provide specialised Cyprus blockchain legal services and knowledge to individuals and business who use blockchain technology. 

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Sources:

Cyprus Empanels Joint Working Group on Blockchain Technology

Published on: 08/09/18