NFT digital assets soaring in value

The term NFT, or non-fungible token, has frequently appeared in the news, usually followed by an exorbitant amount, which accompanies the sale of one-of-a-kind digital items. Collectable crypto-projects or crypto digital artworks,

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Risk of a new NPLs iceberg

The decisions made by the European Central Bank (ECB) in the early stages of the Covid-19 pandemic are considered a milestone for the European financial market. The decisions were diffused by unprecedented

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Winning back our democracy

I’m not sure what local democracy looks like from where you are sitting, but in Cyprus, power is kept in a jar where only the elite can wet their whistle. Cyprus advocates

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Cyprus forex needs clean sweep

The Cyprus forex industry is going through another round of soul-searching in response to recent investigations by Israeli authorities and the FBI into fraudulent trading methods. Already, the financial regulator and watchdog

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Beware of online property auction scams

For those interested in buying real estate through electronic auctions, we keep noting various scams which surface, with the result being the unsuspecting public or buyers being the victims. Initially, the auction

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Making cross border money transfers easy

New FinTech players are entering the market, presenting end-users with compelling solutions. Innovation appears to be coming from outside the traditional banking sector, especially for mobile and internet payments. FinTech companies offer

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Restoring trust after Pandora Papers

The European Parliament opened Pandora’s box for Cyprus and its political system following the release of the now-famous Pandora’s Papers that exposed countries, politicians involved or connected to dirty money and the

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Moral hazard of bad banks

The high level of Non-Performing Loans (NPLs) is a challenge that must be addressed to increase the economy’s resilience. In addition to the high level of NPLs, Cyprus also has a high

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Living in Pandora’s Box

Cyprus in the 1960s was synonymous with ‘Makarios’. Then came the 1974 war and destruction, with the restructure of the tourist industry creating a new brand name in the 1980s, ‘Ayia Napa’.

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