Can Cyprus Remain a Foreign Exchange Haven?

Cyprus bank

In much the same way that profits earned abroad by American companies are not kept physically offshore, foreign exchange,¬†brokers in Cyprus have been alerting clients that their accounts are not under threat from any confiscatory measures like the savings accounts for the citizens of the island nation. Due to a favorable regulatory regime, Cyprus is one of the top five foreign exchange trading hubs for brokers. ¬†While the gross domestic … [Read more...]