EUR/USD 1.14280
0.002%
Gold 4154.21
-0.885%
Oil 73.675
-0.307%
USD/JPY 161.553
-0.014%
GBP/USD 1.32449
-0.027%
GBP/JPY 213.980
-0.034%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 23, the State Administration for Market Regulation released a list of cases of unconditional approval for mergers of undertakings from June 8 to June 14, 2026. These cases include the acquisition of Anhui Wanwei Group Co., Ltd. by Anhui Conch Group Co., Ltd., and the establishment of a new joint venture between the Saudi Public Investment Fund and Saudi Aramco.On June 23, 2026, the draft of the Financial Law of the Peoples Republic of China was submitted to the 23rd session of the Standing Committee of the 14th National Peoples Congress for its first review. The Financial Law is the fundamental, comprehensive, and overarching law governing my countrys financial sector, positioned as the "1" in the financial legal system, playing a guiding, leading, and regulating role. The laws "N" concerning banking, insurance, and securities, as well as other financial laws and regulations "X," need to be aligned with the basic provisions established by "1," with equal emphasis on legislation and revision, specifically regulating financial activities in each sector. Together, "1+N+X" constructs a scientific, complete, and unified financial legal system. The draft Financial Law adheres to the main themes of strong regulation, risk prevention, and promotion of high-quality development, emphasizing the coordinated development and security, and focusing on resolving legal challenges hindering high-quality financial development.Hong Kong-listed large-scale model stocks weakened, with MINIMAX-W (00100.HK) opening higher but closing down more than 3%, and Zhipu (02513.HK) once falling nearly 8%.Hong Kong-listed pharmaceutical company Jieankang (02617.HK) fell nearly 50% in early trading, with a turnover of over HK$6.76 million.According to Futures News on June 23, as of 09:30 Beijing time, WTI crude oil futures rose 0.43%, while US natural gas futures fell 0.61%.

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