Breaking news

Ministry Of Transport Announces Cancellation Of Preliminary Approval For Electric Vehicle Orders

by THEFUTURE.TEAM

January 5, 2026

Deadline Expired For Order Submissions

The Ministry of Transport, Communications, and Works, Department Of Road Transport, has announced that the submission window for ordering electric vehicles has closed. Beneficiaries who received preliminary approval via email on December 11, 2025, have missed the deadline to post or send their vehicle orders, as outlined in paragraphs 9.3(a) and 10.3(a) of the relevant project guide. Consequently, if no order was posted for new vehicles or received for used models, the preliminary approval has been cancelled due to the missed deadlines (please refer to Appendix 2). This Cancellation will affect all pending applications.

Rescheduling And Reallocation Of Approvals

In response, preliminary approvals will be reissued during the upcoming week to selected applicants from Sponsorship Categories D5, D7, D8, D9, and D10. These approvals will be allocated based on the lottery sequence as specified, and the beneficiaries must adhere to the designated submission timelines provided in the approval message.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Detailed Distribution By Sponsorship Categories

For each sponsorship category, preliminary approvals will be sent to applicants within the following lottery positions. The approved candidates must post an order (for new vehicles) or send an order (for used vehicles) within the allotted time frame as detailed in the subsequent approval notification:

Category D5: Lottery positions 381 to 483
Category D7: Lottery positions 41 to 57
Category D8: Lottery positions 41 to 46
Category D9: Lottery positions 51 to 66
Category D10: Lottery positions 11 to 13

Documentation And Submission Deadlines

Applicants are required to submit all specified supporting documents to the Department of Road Transport via email at tomxorigies@rtd.mcw.gov.cy within the time frame stated in the approval message. The guidelines for the required documentation depend on the respective sponsorship category.

Implications Of Inaction

It is imperative that beneficiaries act within the specified deadline. Failure to comply will result in the reallocation of approvals to the next eligible candidates based on the lottery ranking. For further clarity, please refer to Appendices 1 and 2, which provide additional details and visual references of the process.

The Future Forbes Realty Global Properties

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.

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.