Cyprus Taxation On Cryptos. What You Need To Know? (Video)

The EU Artificial Intelligence Act now affects businesses across Cyprus and the European Union that use AI tools for customer service, marketing, or content creation. Companies must understand their transparency obligations, disclosure requirements, and compliance responsibilities under the new regulation that became applicable in August 2026.

Cyprus is already active in the MiCA landscape, with 12 firms having either obtained CASP authorisation under MiCA or extended their activities via Article 60 notifications, positioning it as a credible EU base for regulated crypto-asset activity.

Artificial intelligence is often presented as either a blessing or a curse. In reality, it has the potential to become both. While AI is transforming modern life in remarkable ways, it is also creating entirely new forms of abuse capable of violating privacy, dignity and fundamental human rights.

The European Commission has unveiled the European Technological Sovereignty Package, a comprehensive legislative framework targeting four critical areas: semiconductor manufacturing through Chips Act 2.0, cloud and AI infrastructure via the Cloud and AI Development Act, digital autonomy through open source strategy, and energy sector digitalization. This ambitious initiative aims to fundamentally transform Europe's technological independence and competitive position in the global digital economy by 2030.

Today, 7 May 2026, the EU Parliament and Council reached a provisional agreement on simplification of compliance with the AI Act earlier proposed as part of the Digital Omnibus.

Crypto taxation has entered a new phase globally. What was once treated as an experimental or lightly regulated asset class is now firmly embedded within mainstream tax systems.

As crypto assets move into regulated and institutional environments, the criteria for success are changing. In practice, it is not the tax rate that determines whether a crypto structure works...

In June 2024 the European Parliament and European Council have adopted the Regulation (EU) 2024/1689, which will come in force in August 2nd, 2026.

Artificial Intelligence is rapidly becoming a central part of everyday business operations, from recruitment systems and contract review to predictive analytics and compliance monitoring.

The EU AI Act officially entered into force on August 1, 2024, marking a historic milestone in digital regulation. However, businesses should note that the Act follows a phased implementation timeline...