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Cyprus Set For Robust Tourism Surge In 2025

As we step into 2025, Cyprus is optimistically eying a thriving year for its tourism sector. Following a landmark year in 2024, where tourist arrivals exceeded four million, generating over €3 billion, there is a concerted push to reach new heights in the coming months.

Deputy Minister Costas Koumis has indicated a notable 6% increase in tourist arrivals when compared to the same period last year, showcasing the island’s improved air connectivity and infrastructure. Not only is this about increasing numbers, but also about enhancing the tourist experience, with initiatives to extend the tourism season beyond the traditional summer peak and focus on niche markets like sports tourism.

Paphos, a key player in Cyprus’s tourism sector, continues to shine. Its strategic investments in hospitality and new international connections—linking Paphos airport with 58 airports across 21 countries—underscore its growing appeal.

The push for quality service and diversified offerings emphasizes the importance of sustained improvements. Tourism in Cyprus is more than just a sector—it’s a dynamic, strategic facet of national growth.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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

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