EUR/USD 1.18077
0.172%
Gold 3351.47
1.469%
Oil 64.940
0.826%
USD/JPY 142.932
-0.774%
GBP/USD 1.37683
0.274%
GBP/JPY 196.798
-0.453%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 1, Vincent Starmer, an economist at Commerzbank, pointed out that although the eurozone inflation rate reached the ECBs 2% target in June, it may decline again in the coming months. The previous rebound in inflation was mainly driven by oil prices - the escalation of the Israeli-Iranian conflict caused oil prices to soar by more than 10% in the short term. Starmer said that as oil prices fall at the end of the month, the inflation rate may also decline simultaneously. But he also pointed out that given the uncertainty of US tariff policy, the ECB is expected to suspend action later this month. Starmer added that the ECB is likely to cut interest rates in the fall because tariff measures will curb European exports and put downward pressure on commodity prices.Ideal Auto (02015.HK): In the 26th week of 2025 (June 23-June 29), Ideal Auto’s weekly sales volume was 8,000 vehicles.On July 1, SERES announced that its sales of new energy vehicles in June 2025 were 46,086 units, a year-on-year increase of 4.44%; the cumulative sales from January to June were 172,100 units, a year-on-year decrease of 14.35%.On July 1, the new Bank of Japan member Masuichi Koichi made a clear statement at his inauguration press conference on Tuesday, supporting the gradual and cautious interest rate hike policy of Governor Kazuo Ueda. The member, who started his five-year term, said: "In terms of the current economic situation, the time is not yet ripe for accelerated interest rate hikes. I fully agree with the governors views and we must act prudently." These remarks show that Kazuo Uedas policy stance has won support on the nine-member committee as he waits for the impact of US tariffs on economic data. Masuichi Koichi replaced former member Toyoaki Nakamura, who voted against Uedas rate hike decisions three times.Market news: Iraq said that Irans natural gas imports have dropped by half in the past few hours.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

微信截图_20220715144406.png


International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


A global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.

Suggestion