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Sources say that before the Russian attack, the Friendship pipeline carried both Ukrainian and Russian crude oil.As of 8:30 PM Beijing time, WTI crude oil futures rose 2.44%, and US natural gas futures rose 1.31%.On February 27, the Ministry of Ecology and Environment and the State Taxation Administration signed a Memorandum of Understanding in Beijing on the same day, titled "Memorandum of Understanding on Deepening Cooperation among Environmental Protection Tax Collection and Management Departments." This memorandum aims to further enhance cooperation between the two departments, continuously utilize taxation as an economic means to protect the ecological environment, promote green economic transformation, and serve the construction of a beautiful China. According to the memorandum, the Ministry of Ecology and Environment and the State Taxation Administration will further deepen cooperation in areas such as information sharing, tax collection and management services, routine review, and joint supervision. They will jointly guide local ecological and environmental protection and tax departments at all levels to deepen cooperation, continuously expand the depth and breadth of collaborative governance, and continuously promote efficient governance and high-quality development.Deutsche Bank downgraded Warner Bros. Discovery Inc. (WBD.O) from "Buy" to "Hold"; raised its price target from $29.50 to $31.February 27th - According to a joint survey by YouGov and Citigroup, public expectations for inflation in the UK declined in February, leading economists at Bank of America to believe that the Bank of England is likely to cut interest rates in March. They noted, "Our base case remains that a softening labor market, declining inflation, and slower wage growth should lead the Bank of England to cut rates in March." LSEG data shows that the market expects an 83% probability of a rate cut by the Bank of England in March.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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