“The Central Bank directly acknowledged for the first time yesterday that bitcoin is not illegal, but again highlighted the risks of using an unregulated digital currency. ‘Bitcoin is not illegal, but at the same time neither is it subject to control or regulation,’ sources at the Central Bank told the Cyprus Mail. The Central Bank warnings came just as bitcoin marketers Neo & Bee were poised to launch their business here. Following a weeks-long media blitz, Neo & Bee opened its flagship branch in Nicosia on Monday. The company has already partnered with a number of businesses accepting payment in bitcoin, including So Easy Stores, LTV and Telemarketing.”
http://cyprus-mail.com/2014/02/26/central-bank-says-bitcoin-is-not-illegal/
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