Cyprus Betting Regulator to Look At Blockchain and Crypto Trends

The National Betting Authority is exploring whether blockchain technology can help it supervise the country’s gambling industry.

AccessTimeIconSep 2, 2021 at 5:37 a.m. UTC
Updated May 11, 2023 at 6:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cyprus’ National Betting Authority will host an event next week to discuss the latest trends in blockchain and crypto with a focus on how the budding technology may provide opportunities to the nation’s gambling industry.

  • The gambling regulator said in a blog post on Thursday that while the technology presents “unprecedented” opportunities, challenges relating to government regulation and issues of national sovereignty are also present.
  • The National Betting Authority is exploring whether blockchain technology can support and enhance its supervision of Cyprus’ gambling industry.
  • A presentation by the University of Nicosia is expected to touch on blockchain and cryptocurrency use in the industry with a panel discussion to follow on the benefits the technology brings to the public and private sectors.
  • Meanwhile, Christiana Aristidou, a technology lawyer and president of the Technology Committee of the Cyprus Bar Association, is expected to moderate the discussion, which is scheduled to take place next Wednesday.
  • In 2013, Nicosia became the world’s first accredited university to accept bitcoin from students as a form of payment for tuition and fees.
  • Cyprus is no stranger to blockchain technology, having used it earlier this year to certify that about 100 doctors and nurses had received COVID-19 vaccinations.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Sebastian Sinclair

Sebastian Sinclair is a CoinDesk news reporter based in Australia.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about