The digital industry is actively being introduced into absolutely all spheres of human life around the world. There is no longer a country that has been bypassed by the innovations of IT technologies. This situation forces government bodies to create regulatory mechanisms for new financial institutions and projects. CySEC activities include general support for enterprises that provide financial services, including work with cryptocurrencies. At the time of writing this article, the current legislation of Cyprus does not regulate: bitcoin and altcoin mining farms, ICO projects and the registration of crypto services, but this does not mean that they are prohibited.

IFRS (International Financial Reporting Standards) cannot establish clear rules for regulation and accounting in the areas of mining, trading, exchange of digital assets for fiat money, as well as other services in this industry. But despite the fact that cryptocurrencies in Cyprus have no legal status, they are classified as Intangible Assets 38 (intangible assets). As for the assessment of businessmen and investors, they consider bitcoin as a means of settlement similar to fiat money.

If you are also interested in bitcoin, or ethereum, litecoin, dogecoins and want to buy them, or to equate the bitcoin rate to the dollar, then pay your attention to the Buycoin.online exchange service.

We advise you to better familiarize yourself with all the advantages of this crypto exchanger in order to make a successful exchange:

• The company started providing its services on the digital market in 2011, and in 2019, the Buycoin.online exchange service was launched, which has been improved to the maximum and works in automatic mode 24/7/365.
• The key activity of the service is the purchase and sale of cryptocurrency according to the license of the 5th AML Directive of the European Union.
• For regular customers, there is a two-level referral program that allows you to receive additional funds from your own transactions, as well as from referrals invited by the link, who will have to undergo mandatory registration and make at least one exchange operation.
• Taking into account many years of experience in the cryptocurrency sphere, we are well oriented and know all the subtleties and nuances of this sphere, which contributes to providing the most favorable conditions for our cooperation with you.
• The Buycoin.online website contains the most popular exchange directions: btc usd, bitcoin euro, eth dollar, xrp usd, ltc usd, ripple usd and others, which you can familiarize yourself with by going to the exchange page.
• The versatility of Buycoin.online makes it possible to choose the most suitable cryptocurrency, which is now in great demand among users: BTC, BCH, BTH, BSV, ETH, ETC, LTC, XRP, USDT, DOGE, XMR, DASH, TRX and many others.
• We value each of our users, therefore we have developed a multi-level verification and protection of client data and transactions, which completely excludes interaction with fraudulent schemes.
• Over the period of our existence, we have gained an impeccable reputation among a large number of satisfied users. To read their reviews yourself, you can go to the «Reviews» page. The name of our service is also mentioned on external platforms — thematic forums, authoritative monitoring of cryptocurrency exchangers, as well as review sites.

In order to independently verify the advantages of this service and become a part of the cryptocurrency world, you need to purchase a couple of bitcoins, litecoins or ethereum using the Buycoin.online exchanger. You can be sure that everything will go as safely, profitably and quickly as possible!