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Exploring Traffic Dynamics: Limassol Bypass Tops Cyprus Road Congestion

Recent data has unveiled the magnitude of traffic congestion on Cyprus’s key roads, with the Limassol bypass emerging as the busiest route on the island.Official statistics from the Department of Public Works for 2024 reveal that the Limassol bypass sees an average of 90,350 vehicles daily. This critical highway runs through the coastal city, connecting several roundabouts, with measurements taken around Ayios Athanasios.

Pressure Points And Population Growth

This route is primarily two lanes in each direction with a speed limit of 80 km/h, though rush hour sees speeds plummet due to bumper-to-bumper tailbacks often spanning kilometers.

The rapid population growth and real estate expansion north of the highway have intensified the bypass’s role as a vital connector for residents commuting to and from their homes.

Monitoring And Future Improvements

Currently, 60 traffic detectors are operational across Cyprus, and 40 more are planned to be deployed on main roads and highways. These detectors log vehicle numbers, types, and speeds, helping identify congestion points like Limassol and Nicosia.

Other Key Areas: Following the Limassol bypass, the Nicosia-Limassol motorway is the second most congested, hosting 83,000 vehicles daily near Latsia. Other busy stretches include the Nicosia-Limassol highway at Pareklisia, with 43,400 vehicles, and the Nicosia-Larnaca motorway near Rizoelia, handling 36,800 transits daily.

Understanding these dynamics is crucial for urban planning and developing sustainable solutions to manage traffic flow effectively.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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