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New Scheme For ISO Standard Against Corruption

by THEFUTURE.TEAM

June 20, 2024

In a significant move to bolster its anti-corruption framework, the Cypriot government has unveiled a scheme to promote the adoption of the ISO 37001 standard among public and private sector organisations. This initiative is part of the broader Recovery and Resilience Plan for Cyprus, allocating €2 million to support approximately 120 entities in implementing the internationally recognised anti-bribery management system.

Strategic Financial Support

The scheme offers financial incentives covering up to 60% of the costs for private sector entities involved in consulting and certification services required for the standard’s implementation. This targeted financial support aims to ease the burden on organisations and encourage widespread adoption of robust anti-corruption practices.

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Detailed Implementation Guide

A comprehensive guide detailing the scheme’s parameters, including eligibility criteria, terms of participation, and maximum sponsorship amounts, is available on the Ministry of Justice and Public Order’s website. This guide serves as a vital resource for organisations seeking to understand and benefit from the initiative.

Government’s Commitment to Anti-Corruption

The government has emphasised the importance of this initiative in its broader anti-corruption strategy. By urging relevant public service departments to participate, the government aims to lead by example and underscore its commitment to transparency and integrity. This initiative is expected to enhance the public sector’s capabilities in preventing and combating corruption, thus fostering a more transparent and accountable governance framework.

Broader Implications and Future Directions

The adoption of the ISO 37001 standard is anticipated to have far-reaching implications for Cyprus. By embedding stringent anti-corruption measures within both public and private sectors, the country aims to enhance its global reputation for business integrity. This move aligns with international best practices, positioning Cyprus as a proactive player in the global fight against corruption.

Moreover, the initiative reflects the government’s broader strategy of integrating international standards to improve governance and foster sustainable economic growth. By ensuring that organisations operate with high ethical standards, Cyprus aims to attract foreign investment and boost economic confidence.

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Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

August 21, 2026

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

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Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.