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On September 14, according to reports from the British newspaper The Guardian and other media outlets, the Pakistani military said on the 13th local time that Pakistani security forces raided two hideouts of the Pakistani Taliban. Fierce clashes broke out between the two sides near the Pakistan-Afghanistan border, killing 35 militants and 12 soldiers. The report said that Pakistani security forces killed 22 militants in the first raid in the Bajaur district of northwestern Khyber Pakhtunkhwa province. Another 13 militants were killed in another raid in the South Waziristan district of Khyber Pakhtunkhwa province.September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.On September 14th, the Russian Ministry of Defense announced that during the joint military exercises "West-2025," the frigate "Admiral Golovko" launched a Zircon hypersonic missile in the Barents Sea, successfully hitting its target. The Russian side also demonstrated footage of a Su-34 fighter jet taking off and dropping bombs. The exercises, which ran from the 12th to the 16th, were conducted at training grounds in Russia and Belarus, as well as in the waters of the Baltic and Barents Seas.

Mexican unicorn Bitso sets out transparency roadmap amid FTX crash

Skylar Shaw

Nov 28, 2022 14:14

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Unicorn exchange for cryptocurrencies in Mexico Following the well-publicized collapse of the cryptocurrency exchange FTX, Bitso created a transparency roadmap in response to growing user pressure, a top Bitso executive told Reuters on Thursday.


FTX filed for protection in the US earlier this month following a spectacular crypto meltdown in which traders withdrew $6 billion from the platform in just three days and rival exchange Binance abandoned a rescue plan.


According to Bitso's Chief Regulatory Officer Felipe Vallejo, the company, which has operations in Mexico, Brazil, Colombia, and Argentina, will release a solvency report in less than a month and is choosing an outside partner to conduct an audit.


Bitso recently joined a group of international businesses in the cryptocurrency industry that are attempting to produce an easily digestible report so users can determine for themselves whether businesses have the resources to support their transactions.


Since they only display assets and do not account for the amount of cryptocurrency or money owed to users, some companies' published proofs of funds are insufficient, he claimed.


According to Jean-Paul Servais, the head of international securities watchdog IOSCO, the FTX crisis has made it urgent to regulate cryptocurrency.


Regulators are working harder in the entire region. Brazilian lawmakers are accelerating the regulation of cryptocurrencies, and it is anticipated that Congress will make progress in the United States' expansive cryptocurrencies sector next year.


According to Vallejo, there are indications of activity in Argentina as well.


He continued, "Well-designed regulation can even be advantageous as it will eliminate bad actors from the ecosystem.


As Bitso implements the new transparency techniques, its growth may suffer in the short term, but Vallejo suggested that non-crypto services, like remittances to Mexico, could help mitigate the loss.


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