Nikolas Xenofontos represents SALVUS at Blockchain Fest

Yesterday, our Managing Director, Nikolas Xenofontos, featured as a panellist at the Blockchain Fest in Cyprus. The Blockchain Fest is the largest blockchain and crypto conference in Europe hosted by Finexpo; this year, it took place at Parklane, a Luxury Collection Resort & Spa in Limassol.

The event caters to the latest technological advancements and disruptions within the tech space such as blockchain technology, cryptocurrencies and crypto-assets, Decentralised Finance (DeFi), Non-Fungible Tokens (NTF), crypto payments processing and investment.

Nikolas was invited to panel the opening discussion at the Blockchain Fest 2021 along with other high-calibre industry professionals and stakeholders in covering the topic of Cyprus as a crypto-friendly environment. The Blockchain Fest welcomed local and international professionals in its 2-day European edition.

Is Cyprus a crypto-friendly environment? The answer is yes.

For the past decade, Cyprus has made significant strides in laying a sturdy foundation for investment services, payment services and now crypto-services ventures to flourish. The Mediterranean island has shown to be resilient and even grew stronger in these sectors, while the pandemic continues to hinder business in many areas of the globe.

Nikolas addressed the audience, sharing his strong view that Cyprus is indeed a crypto-friendly environment for crypto-services business in three points:

• In Cyprus there is access to a high-quality talent pool of professionals with a rare mix of disciplines and cultures
• The latest crypto-asset services providers (CASP) regime introduced by the Cypriot regulator CySEC, which allows for crypto-businesses from exchanges to wallet providers to officially register
• The upcoming and much-anticipated Distributed Ledger Technology (DLT) bill which will legally define smart contracts in Cyprus

Moreover, Marios Tannousis from Invest Cyprus – CIPA, another panel member, talked about the Cypriot government announcing strategic incentives to attract more entrepreneurs and more talent to Cyprus and to the IT industry. Similarly, Nick Assimenos, the third panel member, from the University of Nicosia (UNIC) mentioned how UNIC has been educating thousands of tech professionals and aspiring-to-be professionals with their digital currency and blockchain MSc since 2013.

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