EUR/USD 1.15472
0.108%
Gold 4072.96
0.040%
Oil 89.904
-0.414%
USD/JPY 160.512
-0.024%
GBP/USD 1.33787
0.086%
GBP/JPY 214.749
0.062%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Kuwait Civil Aviation Authority: Kuwaits airspace has been temporarily closed due to Iranian attacks, forcing flights to be diverted.The main Shanghai silver futures contract fell 4.00% intraday, currently trading at 15,142.00 yuan/kg.On June 11th, the National Bureau of Data Science and Technology (NBS) held a press conference, where officials introduced the phased achievements of the "Data Elements ×" three-year action plan, with both the quantity and transaction volume of data products and services from Chinese enterprises achieving double-digit growth. The "Data Elements ×" three-year action plan is the first policy document jointly issued by the NBS and relevant departments since its establishment, aiming to promote the widespread application of data elements in relevant industries and fields. Officials stated that the action plan will conclude this year. Since its implementation, the publics awareness of the importance of data elements has continued to increase, and the value of data elements has been rapidly released. The latest data shows that in 2025, the total amount of active data nationwide will reach 1.67 zettabytes (ZB), a year-on-year increase of 28.46%; the quantity of enterprise data products and services will increase by 29.29% year-on-year, and the transaction volume will increase by 39.8% year-on-year. Luan Jie, spokesperson for the NBS and Deputy Director of the Policy and Planning Department, introduced that NBS has cumulatively released 417 typical cases and 760 typical "Data Elements ×" scenario guidelines across 11 industry sectors, exceeding the target of creating more than 300 scenarios ahead of schedule.Japanese Chief Cabinet Secretary Minoru Kihara: Bank of Japan Governor Kazuo Uedas temporary hospitalization is unlikely to affect policy implementation and government cooperation.Reports indicate that Bahrain, Jordan, and Kuwait intercepted Iranian missiles and drones targeting U.S. military assets almost simultaneously, marking an expansion of the conflict across the region.

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