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Cyprus Central Bank Issues Warning On Crypto Investments

The Central Bank of Cyprus (CBC) has issued a cautionary statement regarding investments in cryptocurrencies, highlighting the associated risks to financial stability and consumer protection.

The CBC urges the public to exercise caution before committing to crypto assets, citing the potential for significant financial losses and fraud. Cryptocurrencies come in various forms, including those used for payments, investments, or access to goods and services.

The bank further outlines challenges surrounding cryptocurrencies, such as extreme price volatility, speculative trading, fraud, and the absence of adequate regulatory oversight and infrastructure. Crypto-related activities, the CBC notes, remain high-risk in the context of anti-money laundering and counter-terrorism financing regulations.

The CBC also reiterates that no financial institution in Cyprus is currently involved in direct or indirect cryptocurrency investments. It emphasizes that trust in money is grounded in central monetary authorities, setting it apart from speculative private ventures like cryptocurrencies.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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