The Cypriot cabinet has decided to form a joint working group to
develop and implement blockchain technology in Cyprus in order to
keep up with the international developments.
According to Prodromos Prodromou, Government spokesman it was
"an important decision for the country's future
development and adjustment in the digital era."
The members of the working group have not been named yet, but it
is known that it will include experts in the field from both, the
public and private sectors. The joint working group will be
supervised by the Government and the House of Representatives.
The working group will be tasked to prepare an action plan
detailing all the necessary information to adopt blockchain
technology such as, operational planning, various scenarios and
preconditions.
