EUR/USD 1.16608
-0.180%
Gold 3412.66
-0.128%
Oil 63.923
-0.225%
USD/JPY 146.951
0.017%
GBP/USD 1.34976
-0.103%
GBP/JPY 198.354
-0.078%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 29th, Huo Fupeng stated that "AI+" is not only a cutting-edge direction in scientific and technological development, but also addresses the real concerns of the people. Currently, AI is increasingly integrated into all aspects of production and life, empowering countless industries and benefiting millions of households. The "AI+" initiative will drive a shift in consumer spending from "whether or not" to "how good." AI will also accelerate its integration with cutting-edge technologies such as the metaverse, low-altitude flight, additive manufacturing, and brain-computer interfaces, as well as product innovation. This will drive the emergence of new products and new forms, continuously unleashing new consumer potential. In the future, as the "AI+" initiative continues to advance, we will see AI not only making work smarter, learning more efficient, life better, and consumption more enriched, but also making "intelligence" an integral part of every familys daily lives, allowing the fruits of science and technology to benefit everyone.The main contract of the Container Shipping Index (European Line) turned from rising to falling, with a daily drop of 2.00% to 1262.9 points.Japans tariff negotiator Ryomasa Akasawa: Will visit the United States as soon as possible after the necessary arrangements are ready.Japanese tariff negotiator Ryomasa Akazawa: Japanese staff are discussing trade issues in the United States.On August 29th, Huo Fupeng, Director of the Innovation-Driven Development Center of the National Development and Reform Commission, stated at a press conference that by 2027, AI will be widely and deeply integrated with six key sectors. The penetration rate of applications such as new-generation intelligent terminals and intelligent agents will exceed 70%, the scale of core industries in the intelligent economy will grow rapidly, the role of AI in public governance will be significantly enhanced, and the open cooperation system for AI will continue to improve. This phase emphasizes achieving breakthrough applications in key areas, and the next one to two years will be a critical window for the implementation of AI.

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