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Analyzing Tourist Trends In Cyprus: Q1 Growth And March Slight Dip

In the first quarter of 2025, Cyprus saw a notable uptick in tourist arrivals, increasing by 7.5% compared to the previous year. March, however, brought a slight reduction of 0.8% in visitors, as per CyStat data. Despite this small decline, local tourism still shows resilience in a global travel resurgence.

A Closer Look At March Arrivals

March 2025 witnessed 200,736 tourist arrivals, slightly down from 202,256 in March 2024. This decrease aligns with seasonal shifts and evolving travel patterns. The United Kingdom led as the top source of tourists at 30.7%, followed by Israel, Poland, Germany, and Greece.

Purpose Of Visit: A Changing Narrative

Most visitors (69.4%) arrived in Cyprus for holiday pleasures, with others visiting friends (15.7%) or conducting business (14.7%). Compared to last year’s data, travel for leisure saw a slight decline, from 76.0% in March 2024.

Cypriot Residents Traveling Abroad

The locals too are increasingly traveling abroad; March saw a 13.9% rise in such trips compared to last year. Popular destinations include Greece, the UK, and Italy.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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