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Cypriots: Capable Yet Hesitant in Entrepreneurship

by News Editor

April 29, 2025

A recent study from the University of Cyprus’s Entrepreneurship Center sheds light on Cypriots’ views towards starting businesses. While 39.8% see favorable opportunities, 60.5% believe in their capabilities, yet 53.3% are deterred by the fear of failure.

The Power and Presence of Small Enterprises

Cyprus plays host to approximately 125,000 businesses, significantly contributing to a workforce of about 500,000. The dynamics of these enterprises highlight their pivotal role in shaping the nation’s economic landscape.

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Progress in the Entrepreneurial Sphere

This eighth participation in the Global Entrepreneurship Monitor (GEM) reveals a positive trend with an increase in new business ownership, now at 4.7%. Additionally, there’s notable optimism among younger individuals aged 18-34, who lead with a 14.4% engagement in startups.

Gender and Age Dynamics

Despite improvements, gender disparity remains, with 14.5% of men versus 4.9% of women initiating entrepreneurial activities. Furthermore, Cyprus ranks sixth in Europe for established business ownership, attesting to its mature business ecosystem.

Reflective of global ambitions, the study suggests financial education and policy adjustments for fostering entrepreneurship. Actions like mentoring programs and governmental incentives could drive Cyprus’s business potential forward.

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

by THEFUTURE.TEAM

January 26, 2026

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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

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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.