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On August 26, Senior Colonel Zhai Shichen, spokesperson for the Southern Theater Command of the Peoples Liberation Army, stated that from August 21 to 25, the Southern Theater Command organized naval and air forces to conduct routine patrols in the South China Sea. The Philippines, by rallying external countries, is stirring up trouble in the South China Sea and organizing so-called "joint patrols," undermining regional peace and stability. The Theater Command troops will resolutely defend national territorial sovereignty and maritime rights and interests, and firmly safeguard regional peace and stability.On August 26th, to ensure the safety of railway transportation and passenger travel, the railway department closely monitored the changes in the path of Typhoon Saudel and its subsequent impact, promptly activated the typhoon and flood prevention emergency response, and adopted measures such as advance warning and proactive risk avoidance. Train schedules were adjusted, with temporary suspensions planned for certain sections and time periods on the Hangzhou-Wenzhou High-Speed Railway, Hangzhou-Taizhou High-Speed Railway, Jinhua-Wenzhou Railway, Jinhua-Taizhou Railway, and Ningbo-Jinhua Railway from August 27th to 28th, and on the Hangzhou-Shenzhen Railway from August 27th to 29th. Moving forward, the railway department will closely monitor the typhoons path and dynamically adjust train schedules based on wind speed, rainfall, and the severity of the disaster to ensure the safe travel needs of passengers.On August 26, the State Council Taiwan Affairs Office held a regular press conference. Recently, the Taiwan General Chamber of Commerce released its "2026 White Paper," which focuses on cross-strait policy under the theme of "Confidence and Steadfastness, Building a New Landscape for Cross-Strait Development." The white paper continues to recommend simplifying the review process for mainland professionals traveling to Taiwan, expresses the industrys strong desire for improved application procedures for mainland residents to visit Taiwan, and hopes to create a more stable cross-strait relationship through people-to-people exchanges. What is your comment on this? Spokesperson Zhang Han stated that compatriots on both sides of the Taiwan Strait are one family and should maintain frequent exchanges and closer ties. The Taiwanese business community hopes for smooth and active cross-strait exchanges, which is the will of the people and an inevitable trend. For a long time, we have upheld the concept of "both sides of the Taiwan Strait are one family," actively promoting exchanges and cooperation in various fields and continuously taking measures to facilitate exchanges between people on both sides. We hope the DPP authorities will listen to the voices of the industry and promptly abolish unreasonable restrictions that hinder cross-strait exchanges, thus facilitating cross-strait communication and integration.On August 26th, the Bank of Japan (BOJ) announced that policy board member Naoki Tamura would represent Governor Kazuo Ueda at the Jackson Hole Economic Symposium this week. Due to a scheduling conflict, Ueda will not attend the meeting. No media interviews are scheduled for Tamura during the symposium. It is rare for a BOJ policy board member to attend the Jackson Hole symposium; usually, the governor or one of two deputy governors attend. Tamura is considered a hawkish member of the BOJs policy board and has publicly advocated for interest rate hikes every few months to address upside risks to prices. Analysts say that comments from Federal Reserve Chairman Warsh in his first Jackson Hole speech on the monetary policy outlook will have a significant impact on Japan through fluctuations in the yen and bond yields. Uedas absence shifts market focus to whether he will attend next weeks G20 finance ministers and central bank governors meeting hosted by the United States. Furthermore, BOJ Deputy Governor Ryozo Himino will also speak and hold a press conference on Thursday, where he may signal the possibility of a rate hike next month.On August 26, Liu Yulin, Director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, said at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that during the 15th Five-Year Plan period, efforts will be accelerated to tackle key 6G technologies, continuously carry out 6G technology trials and standard development, promote the maturity of the 6G industry and the construction of its ecosystem, and prepare for the commercial use of 6G.

Australian Regulatory Body Reveals 4-Years Crypto Policy Roadmap

Cory Russell

Apr 22, 2022 09:55


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The Objective Is to Complete the Blueprint by 2025.

The Russian Finance Ministry has unveiled a law to regulate cryptocurrency.


The Australian Prudential Regulation Authority (APRA) released its objectives and policy roadmap for crypto risk management today.


The regulatory authority will be looking at crypto assets and all of the risks that come with investing in them, according to this.

Australia Examines the Dangers of Cryptocurrency

ARPA announced that it will begin with risk management requirements for all regulated businesses engaged in cryptocurrency-related activities as soon as possible.


Before participating in operations involving crypto-assets, the regulatory body requires all crypto-related firms to complete proper due diligence and a full risk assessment, according to the regulatory body. They must also have measures in place to minimize any hazards that may arise.


They should also follow all Australian Securities and Investments Commission conduct and disclosure regulations (ASIC).


In addition to this, the Prudential Regulation Authority is working to build a broad crypto regulatory framework. "APRA is creating the longer-term prudential framework for crypto-assets and associated activities in Australia in cooperation with other regulators abroad, to ensure uniformity in approach," according to the release. 


The Basel Committee is consulting on the prudential approach for bank exposures to crypto-assets for authorised deposit-taking institutions (ADIs). 3 This will serve as the foundation for globally recognized minimum ADI criteria, as well as a starting point for prudential expectations in other APRA-regulated businesses."


ARPA has devised a four-year strategy, beginning in 2022, in which it will smooth out all of the kinks in crypto-assets and other operational hazards.

Australia has decided to join the band

While no particular crypto regulatory legislation has been presented in Australia, the country is on the verge of enacting one. Meanwhile, some nations, including as Russia, have already taken steps in this direction, with the Ministry of Finance's draft crypto laws.


The law would establish new regulations for the trading and mining of cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others), with the operators of exchanges and digital trading platforms being licensed and regulated by a Russian government authority.