EUR/USD 1.15993
-0.055%
Gold 4483.33
0.031%
Oil 102.161
-1.126%
USD/JPY 158.961
-0.062%
GBP/USD 1.33902
-0.029%
GBP/JPY 212.857
-0.086%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
UN Secretary-General António Guterres: The United Nations faces enormous difficulties in curbing the surge in global conflicts.On May 20, President Xi Jinping and Russian President Vladimir Putin jointly met with reporters at the Great Hall of the People in Beijing.Interest rate futures indicate that the Bank of England will raise interest rates by about 52 basis points by December, compared to about 60 basis points on Tuesday.On May 20, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, commented on the remarks made by Taiwan leader Lai Ching-te during his "May 20" speech and Q&A session regarding cross-strait relations. He stated that Lais speech was filled with lies and deception, hostility and confrontation, stubbornly adhering to the erroneous "Taiwan independence" stance, promoting the fallacies of so-called "sovereign independence" and "non-subordination," exaggerating the "mainland threat," escalating cross-strait confrontation, and deliberately seeking "independence through force" and "independence through foreign support," thus undermining peace and stability in the Taiwan Strait. This once again confirms that he is an out-and-out "disruptor of cross-strait peace" and a "creator of the Taiwan Strait crisis." While continuing to advocate "Taiwan independence" and manipulate "anti-China" sentiments, he hypocritically claims to promote cross-strait dialogue and exchanges, attempting to deceive the Taiwanese people and mislead international public opinion. These habitual tricks have been seen through by an increasing number of Taiwanese people, and his deceptive behavior and provocative actions will inevitably be met with resolute opposition from compatriots on both sides of the strait and the international community, and are doomed to failure.The Nikkei 225 index closed down 746.18 points, or 1.23%, at 59,804.41 on Wednesday, May 20.

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