EUR/USD 1.15354
0.092%
Gold 4325.59
0.160%
Oil 89.906
1.532%
USD/JPY 159.952
-0.140%
GBP/USD 1.33606
0.175%
GBP/JPY 213.712
0.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A Reuters survey shows that UK house prices are expected to rise by 1.8% in 2026, and by 3.0% in 2027 and 2028 (the first quarter survey forecasts were +2.5%, +3.0%, and +3.0% respectively).On June 8th, the Beijing Humanoid Robotics Innovation Center and Digua Robotics announced that their jointly developed full-size general-purpose humanoid robot, Tiangong 3.0, will begin mass production and delivery in the second half of 2026. It is understood that this model is equipped with Digua Robotics Sunrise S600 intelligent high-computing-power chip and will be applied to industrial manufacturing, commercial services, and complex 3D scene operations. According to reports, leveraging its technological architecture and the advantages of large-scale mass production, the overall cost of Tiangong 3.0 is expected to decrease by more than 50%. After mass production, Tiangong 3.0 will be deployed in production line operations, warehousing and logistics, intelligent services, and special environment maintenance, among other real-world applications.The yield on German two-year government bonds reversed earlier gains, falling 1 basis point to 2.68%. The Iranian armed forces announced the end of their military operation against Israel.The UK Financial Conduct Authority (FCA): (Regarding the regulation of money market funds) We plan to introduce a new rule requiring all money market funds to hold sufficient liquidity to ensure adequate resilience.The China Earthquake Networks Center officially reported that a magnitude 4.3 earthquake occurred at 18:52 on June 8 in Kangding City, Ganzi Prefecture, Sichuan Province (29.92 degrees north latitude, 101.95 degrees east longitude), with a focal depth of 9 kilometers.

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