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Cyprus crypto regulation

Lens

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Jun 21, 2021
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Kyriacos Kokkinos, the deputy minister for research, innovation and digital policy in Cyprus explained that Cyprus is making moves to accept the legalisation of cryptocurrency. This country has decided to join the bandwagon of the countries issuing regulatory scrutiny.

The Cyprus Security and Exchange Commission has stated that they will work to guarantee that legislation supporting the cryptocurrency community is recognized in Cyprus. The countries that are interested in cryptocurrencies, believed they cannot enter the market without first establishing means to regulate it activities . This is the major cause of the cryptocurrency regulations.
 
What does "support" actually mean? is this just limited to allowing people to trade, invest, mine, and use crypto, or also include other things as well?
 

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