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Cyprus Launches ‘Brain Gain’ Campaign to Bring Top Cypriot Talent Home

Cyprus is set to reverse its talent drain with a bold new initiative. President Nikos Christodoulides announced the launch of the ‘Brain Gain’ campaign, aimed at encouraging Cypriot professionals working abroad to return home. Kicking off in London on 21 May 2025, the campaign promises to facilitate direct employment opportunities for repatriating talent.

Sources close to the Presidential Palace reveal that President Christodoulides will travel to the UK accompanied by both Cypriot and international business leaders actively seeking skilled professionals. The initiative is designed to showcase Cyprus as a dynamic, competitive destination for career-minded expatriates.

In tandem with the campaign, the government is reportedly finalizing a comprehensive package of measures—enhanced tax incentives and additional benefits—to make returning to Cyprus even more attractive. High-level consultations are underway between various Ministries, and discussions with domestic companies suggest that many will join the President in London, offering competitive employment packages.

The event aims to serve as a platform for members of the Cypriot diaspora to explore lucrative career opportunities and discover the unique advantages of contributing their expertise to Cyprus’ growing economy. As the nation strives to reclaim its status as a hub of innovation and talent, the ‘Brain Gain’ campaign could be the catalyst for a transformative wave of repatriation and economic revitalization.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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