Source?
My own ears.
I was there, I attended the conference at the university
Check the presentation of the University's CFO here
http://www.paideia-news.com/content/files/62452025.pdf
Especially page 13 where he talks about the proposal of the University that has been made to the Cyprus Government to make Cyprus the center of the bitcoin world! A real visionary!!
Here is a translation of page 13 (you can translate :
PROPOSAL TO THE CYPRUS GOVERNMENT FOR CONVERTING CYPRUS INTO A WORLDWIDE HUB FOR BITCOIN TRADING & PROCESSING
We believe that Bitcoin offers a significant opportunity for innovation and development: we would like to see Cyprus using its powerful human and academic capitals to become a pioneer in this regard.
All that the state has to do is to create a regulatory framework for Bitcoin businesses in Cyprus: this will eliminate/reduce the risks associated with digital currencies such as counterparty risk.
We can create an entirely new industry in Cyprus based on Bitcoin and digital currencies.
There will be major foreign investments in the economy, large annual income from its trading in the official Cyprus stock exchange and creation of new jobs.
Zero investment from the government.
The opportunity will not be there forever . Already other countries make similar moves e.g. Singapore , Switzerland , Denmark.