Breaking news

Cyprus Strengthens Marine Pollution Regulation With New PRSCU

Overview Of New Regulatory Framework

Cyprus has long grappled with fragmented oversight of marine pollution, and a decisive shift is underway. The imminent launch of the Pollution Response Supervision and Coordination Unit (PRSCU) in early 2026 signals a robust, pan-Cyprus approach to addressing critical environmental issues in Limassol bay.

Strategic Reorganization And Leadership

The PRSCU, positioned under the Deputy Ministry of Shipping, reflects a strategic institutional reorganization aimed at consolidating marine pollution efforts. Spearheading this initiative is Theodoulos Mesimeris, a veteran with 22 years of experience in environmental regulation and former director of the Department of Environment. His appointment underscores the pressing need to integrate shipping and environmental oversight for a more coordinated and effective response.

Addressing Regulatory Gaps

The establishment of the PRSCU follows troubling reports that 30 licensed pipeline operators, including those from high-rise developments, have been discharging wastewater into the Limassol sea through drainage systems. Authorities have acknowledged that a policy of self-monitoring among these operators has exposed significant weaknesses in enforcement, prompting a comprehensive review of current practices and the introduction of stricter regulatory controls.

Embracing Technological Innovation

The new oversight strategy embraces advanced technologies to bolster environmental monitoring across land and sea. On land, the Department of Environment’s recently formed inspection unit utilizes drones, GPS tracking, and satellite imagery for real-time surveillance—albeit with limited staffing resources. At sea, the PRSCU’s digital platform is being developed through a collaboration involving Frederick University, the University of Piraeus, and the University of Haifa, alongside the Cyprus Ports Authority. This platform will centralize pollution data, facilitate trend analysis, and support evidence-based decision-making.

Conclusion And The Road Ahead

In a moment of critical environmental transition, Cyprus is poised to enhance its marine regulatory framework through the establishment of the PRSCU. While challenges remain—chief among them being the effective integration of technology and overcoming bureaucratic hurdles—the renewed focus on centralized, digital, and data-driven oversight holds promise for a more sustainable and coordinated response to marine pollution across the country.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

The Future Forbes Realty Global Properties
Uol
Aretilaw firm
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter