AGP Executive Report
Last update: 9 hours agoCrypto Regulation: The EU’s MiCA transition for crypto-asset service providers ends July 1, meaning exchanges serving EU clients must hold full MiCA (CASP) licences or stop onboarding and marketing. Tax & Revenue: Cyprus tax receipts rose 5.9% in Jan–May 2026 to about €3.1bn, but the new tax system hit personal income tax (-2%) and stamp duty (down 71.6%), with casino and miscellaneous revenues also lower. Energy & Investment: ExxonMobil and QatarEnergy signed a declaration giving two Cyprus EEZ gas fields “marketable” status, but energy experts warn the government may be making big concessions ahead of commercial decisions. Transport Policy: Cyprus targets 85,000 electric vehicles by 2030, yet EV adoption remains among the lowest in the EU, with BEV/PHEV shares still far from the goal. Governance & Business Climate: A Cyprus Bar Association event reignited debate over the legal status of the UK’s Sovereign Base Areas and the scope of British sovereignty. Markets & Payments: Revolut will delist Tether’s USDT for European users from Aug 31, citing MiCA compliance and regulatory/risk concerns.
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