Even politicians try to have opinion on it.
What's their opinion? Do they embrace it or do they want to ban it (because of money laundering/terrorism/whatever)?
Cypriot FinMin:
...it should be noted that it was a private institution, a private university, that led the way, and I think that's where I would establish the hopes that we should proceed on the private sector. The role of the government would be to facilitate, or even, simply, to get out of the way - to clear the way to open the road to get rid of the administrative difficulty and bureaucracy and to allow such innovative acts to unfold. .... The best we can do is to clear the way - get out of the way - and allow the private sector - the universities, researchers, the research sector of the island to steer us ahead.
https://soundcloud.com/cryptocyprus/question (in English)