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ARTICLE · 04 FEBRUARY 2025

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The Renaissance Of Crypto: Registration As CASP In Cyprus

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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The remarkable resurgence of the crypto industry marks a strong turnaround from the collapse of crypto-exchange FTX not long ago, with Bitcoin soaring from just $16,000 two years ago to over $100,000, capturing the attention of investors and money managers everywhere.

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The Renaissance of Crypto: Registration as CASP in Cyprus

The remarkable resurgence of the crypto industry marks a strong turnaround from the collapse of crypto-exchange FTX not long ago, with Bitcoin soaring from just $16,000 two years ago to over $100,000, capturing the attention of investors and money managers everywhere. The worldwide cryptocurrency market cap has quadrupled to almost $4 trillion during the same period. Since Donald Trump's election victory, the cryptocurrency industry has entered a renaissance, driven by expectations of reduced regulatory scrutiny and a push toward mainstream adoption. Notably, a few months ago Trump vowed to make the US the "crypto capital" of the world and proposed a US Bitcoin strategic reserve; among his first moves following election was to appoint a pro-crypto Chair of the Securities and Exchange Commission and, following that, to launch his very own crypto, a memecoin named $TRUMP.

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