Cyprus

Cyprus banks reopen, adult companies happy

After the banks in Cyprus closed on March the 16th, (adult) companies as well as other branches (for example the online casinos) were stressed out. Why? a lot of companies in these markets have an “offshore” account in Cyprus. The tax climate also attracted large deposits from abroad, especially Russia. Cyprus was known as an offshore haven with tolerant business rules. So the banks is Cyprus were closed for nearly…

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