EUR/USD 1.16539
0.161%
Gold 5184.38
0.891%
Oil 84.356
1.189%
USD/JPY 157.589
-0.046%
GBP/USD 1.34609
0.187%
GBP/JPY 212.134
0.206%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 10th, the General Office of the Guangdong Provincial Peoples Government issued the "Action Plan for Accelerating the Cultivation and Development of New Tracks to Lead the Construction of a Modern Industrial System in Guangdong Province (2026-2035)". The plan proposes to accelerate breakthroughs in key core technologies such as core algorithms, computing chips, and sensing components for autonomous driving, and strengthen innovation capabilities in key areas such as perception, decision-making, and communication. It also aims to continuously improve Level 2 assisted driving capabilities and accelerate the development of higher-level autonomous driving such as Level 3 and Level 4. Furthermore, it calls for the deployment and construction of several full-scenario, full-domain unmanned traffic test "safety sandboxes" to conduct full-system application verification.On March 10th, Xiaomi Autos official Weibo account released a set of designer sketches for the Xiaomi Vision Gran Turismo. Lei Jun retweeted a user comment, "See you at the Beijing Auto Show," seemingly officially announcing that the Xiaomi VGT will debut at the Beijing Auto Show.On March 10th, European Central Bank (ECB) Governing Council member Matthew Mueller stated that the likelihood of a near-term interest rate hike has increased, but officials should not react hastily to the Iran war and its impact. He said, "The probability of the next change in the policy rate is now more inclined towards an upward rather than a downward adjustment. This probability may have increased in the past few weeks." However, he also stated that the ECB should not "make any hasty decisions," adding, "We should first observe whether the current rise in energy prices is merely temporary." As the Middle East conflict has driven up energy prices, traders have increased their bets on monetary policy tightening. However, after initially pricing in two rate hikes this year, each by 25 basis points, these bets have fallen back to less than one after Trump hinted that the conflict might end soon. ECB Governing Council member Marc-André Simkus also warned against hasty action. He said, "Remain calm and do not overreact, because things are still evolving. If the situation continues, if the conflict spreads, it will not only affect inflation but also have a broader impact on the Middle East and Europe."Saudi Aramco CEO: Of the 7 million barrels per day capacity of the East-West pipeline, nearly 2 million barrels per day will be delivered to domestic refineries in the west, some of which have export capabilities.Volkswagen CEO: We need to work harder; our costs are still too high.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


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.

Suggestion