The cap for money transfers abroad was raised to €1 million from €50,000 per person per credit institution, the Finance Ministry said in an emailed statement today.
“The order will remain in place for 21 days”.
Central Bank Governor Chrystalla Georghadji said that all capital restrictions will be lifted by the end of the first quarter of the year.
Source: Cyprus Mail
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
