Breaking news

Cyprus Sees Strong Demand for eID Cards as 10,000 Applications Submitted

by News Editor

Nearly 10,000 applications have been submitted for Cyprus’ new electronic identity cards (eID), with 5,600 already issued.

Appointments at Citizen Service Centres are available without delays, with the Nicosia centre experiencing the highest demand. Citizens must apply online before booking an in-person verification appointment.

Interest is highest among those aged 25-55, particularly in the 35-44 age group. The application process began on 27 January.

The digital identity card, valid for three years and renewable, is available to Cyprus citizens over 18 who possess a biometric ID and a smartphone with biometric authentication. The first 100,000 eIDs are state-subsidised—30,000 are free, while the remaining 70,000 cost €15.

Deputy Minister of Research, Innovation, and Digital Policy Nikodemos Damianou described the eID as a secure digital identity enabling authentication for online services and legally binding electronic signatures.

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

by THEFUTURE.TEAM

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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.

Uol
eCredo
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter