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On March 27, the 23rd meeting of the Standing Committee of the 16th Beijing Municipal Peoples Congress passed the "Regulations on the Management of Unmanned Aerial Vehicles in Beijing," which will take effect on May 1, 2026. The regulations clarify that the entire administrative area of Beijing is designated as controlled airspace for unmanned aerial vehicles, and all outdoor flight activities require application. The regulations standardize the production, sale, and transportation of unmanned aerial vehicles. They explicitly prohibit the illegal production, assembly, splicing, or modification of unmanned aerial vehicles or the hacking of their systems; prohibit the sale or rental of unmanned aerial vehicles and their core components to units or individuals within the administrative area of Beijing; and prohibit the transportation or carrying of unmanned aerial vehicles and their core components into the administrative area of Beijing, except for existing unmanned aerial vehicles that have completed real-name registration and information verification, and are carried by their owners.March 27th - A recent survey of retail investors by the American Association of Individual Investors (AAII) shows a slight easing of pessimism regarding stock price performance over the next six months, with 49.8% of respondents holding a pessimistic view, down from 52.0% last week (the highest percentage since May). However, pessimism remains "exceptionally high" and has been above the historical average (31.0%) for the seventh consecutive week. Optimism about rising stock prices over the next six months rose to 32.1% from 30.4% last week (the lowest level since September of last year), remaining below the historical average of 37.5% for the sixth consecutive week. In a special question asking for opinions on the Federal Reserves decision to keep interest rates unchanged last week, nearly two-thirds of respondents (66.5%) said it was the right move, only one-seventh (14.2%) thought the Fed should have lowered rates, while 13.7% thought it should have been raised, and the remainder were unsure or had no opinion.On March 27th, at the Tencent Cloud Shanghai City Summit, Tencent Cloud and the Putuo District Peoples Government of Shanghai officially signed a strategic cooperation framework agreement. Both parties will deepen cooperation in areas such as cloud computing, artificial intelligence, and big data, focusing on Putuo Districts "1+2+3"-based modern industrial system and digital transformation goals, jointly promoting the construction of regional industrial clusters and the high-quality development of the digital economy.March 27th - In 2025, my countrys digital consumption reached 25.3 trillion yuan, a year-on-year increase of 8.7%, with digital service consumption growing by 12.5%, becoming the main engine driving digital consumption growth. E-commerce boosted offline consumption, with offline digital consumption growing by 13.8%. Going forward, the Ministry of Commerce will continue to deepen inter-departmental collaboration, focusing on optimizing supply, expanding scenarios, improving support, and standardizing the environment to promote the quality, expansion, and efficiency of digital consumption, better serving the construction of a new development pattern and contributing to high-quality development.UK retail sales fell 0.4% month-on-month in February, compared with expectations of a 0.70% decline and a revised 2% increase in the previous month (up from 1.80%).

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.