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On June 23, 2026, Indian Prime Minister Narendra Modi met with representatives attending the BRICS High Representatives Meeting on National Security at the Prime Ministers Office in New Delhi and held friendly exchanges with Wang Yi, Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission. Modi stated that under the current circumstances, it is necessary for both sides to inherit their traditional friendship, maintain high-level exchanges, promote pragmatic cooperation, and safeguard the common interests of the Global South. India supports Chinas assumption of the BRICS chairmanship next year and is willing to work with China to promote the development of BRICS. Wang Yi conveyed the best wishes of Chinese leaders to Modi, stating that as the two largest developing countries and important members of the Global South, China and India should play an exemplary role in promoting the unity and self-reliance of the Global South. China will continue to support India in fulfilling its responsibilities as the BRICS chairman and jointly promote deeper and more practical BRICS cooperation. Wang Yi said that China is willing to work with India to implement the important consensus reached by the leaders of the two countries, continuously build trust and dispel doubts, properly handle sensitive issues, deepen mutually beneficial cooperation, maintain the positive momentum of China-India relations, and jointly promote their respective modernization processes. This is entirely in line with the fundamental interests of the two peoples and also meets the general expectations of the international community. During his visit, Wang Yi also met with Indian National Security Advisor Ajit Doval.Italian Energy Minister: I don’t think tensions with the United States will jeopardize Italy’s liquefied natural gas supply.The German DAX 30 index closed down 237.30 points, or 0.94%, at 24,914.18 on Tuesday, June 23; the UK FTSE 100 index closed up 1.37 points, or 0.01%, at 10,439.22 on Tuesday, June 23; and the French CAC 40 index closed down 59.40 points, or 0.71%, at 8,340.71 on Tuesday, June 23; Europe The Stoxx 50 index closed down 75.96 points, or 1.20%, at 6235.36 on Tuesday, June 23; the Spanish IBEX 35 index closed down 93.84 points, or 0.48%, at 19481.46 on Tuesday, June 23; and the Italian FTSE MIB index closed down 755.28 points, or 1.43%, at 52041.50 on Tuesday, June 23.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 5.2 occurred at 23:29 on June 23 near the Haixi Prefecture of Qinghai Province (37.81 degrees north latitude, 95.39 degrees east longitude). The final result is subject to the official rapid report.Bank of England board member Taylor: As in 2025, structural biases in the Bank of Englands quantitative tightening (QT) asset sales will remain a factor to consider in this years decision-making.

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.