EUR/USD 1.14404
0.000%
Gold 4023.90
0.213%
Oil 83.449
2.573%
USD/JPY 162.364
-0.010%
GBP/USD 1.34587
0.007%
GBP/JPY 218.527
-0.002%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Wesfarmers Australia: Founders an artificial intelligence partnership with Microsoft (MSFT.O).Shanghai Auntie (02589.HK) once surged by more than 50% during the session, but the gains have now fallen back to 29%.On July 20th, Wang Weiming, Chief Engineer of the Ministry of Industry and Information Technology (MIIT), stated that since the beginning of this year, the MIIT has focused on facilitating the industrialization of research results and the incubation chain for technology-based enterprises, taking the cultivation and expansion of the science and technology service industry as a key focus, and has carried out work in three key areas. First, strengthening the incubation rate, establishing a full-chain service capability from R&D to pilot testing and then to incubation; second, building a sound trading market, as many high-quality research results, despite their strong technical foundation, are limited by regional and channel constraints, making it difficult to connect with the national market—even the best products need marketing. Currently, we are accelerating the formulation of policy documents to cultivate a nationally integrated technology market, striving to break down regional barriers and institutional obstacles in the technology transaction process, building a unified national technology transaction service platform, and promoting the free flow of technological elements nationwide; third, facilitating the transformation of supply and demand for research results. "We cannot look for nails with a hammer," we must adhere to the principle of industry posing the questions and science and technology providing the answers, giving full play to the role of technology managers, and facilitating the smooth flow of research output, intermediary matchmaking, and application implementation. Currently, the MIIT is accelerating the formulation of reform measures to strengthen the construction of the technology manager team, and relevant policies and standards will be released soon.On July 20th, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first half of 2026. Tao Qing, spokesperson for the Ministry of Industry and Information Technology and Director of the Bureau of Operation Monitoring and Coordination, stated that software is the soul of the new generation of information technology, an important foundation for the development of the digital economy, and a key support for building a manufacturing powerhouse, a cyber powerhouse, and a digital China. Going forward, in accordance with the national software development strategy, we will continue to enhance the supply capacity of key software products and services, accelerate the introduction of the "Artificial Intelligence + Software" action plan, promote the intelligent transformation of software development, the intelligent upgrading of software products and services, and the cultivation of new intelligent agent software business models. We will also continuously improve the capabilities of open-source infrastructure in project incubation, supply chain security governance, exploration of emerging scenarios, and overseas market implementation, and accelerate the growth of the national-level artificial intelligence open-source community into an innovation source for emerging technologies and an important scenario for the implementation of software and hardware products.On July 20, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first half of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology (MIIT) and Director of the Information and Communications Development Department, stated that the MIIT will strengthen the regulation and governance of the basic telecommunications market, enhance tariff management and marketing channel control, effectively curb irrational competition in the basic telecommunications market, and safeguard the legitimate rights and interests of users. "If you find that a telecommunications company has problems with irregular operations or inadequate service, you can first file a complaint with the company. If you are not satisfied with the handling of your complaint, you can also appeal to the MIIT," Xie Cun said. The MIIT will guide and urge companies to handle these issues properly. At the same time, it will further strengthen service tracking and monitoring, and if violations are found, it will take measures such as interviews, public notices, and orders for rectification, and impose administrative penalties to deal with them according to law.

SEC Chair Mulls Waiving Some Crypto Regulation Rules

Jimmy Khan

Jul 15, 2022 14:42

微信截图_20220715141329.png


Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said that crypto firms may be excluded from certain securities regulations to assist in their regulatory compliance.


He said, "We do have substantial permissions from Congress to exercise our exemptive authorities that we may modify," in an interview on July 14.


According to Bloomberg, the vehemently anti-crypto SEC head stated that such a strategy is employed for stock offerings and asset-backed securities. He did, however, reiterate earlier cautions that many businesses provide unregistered securities and are not in compliance.

Commodity or Security?

Gensler views the majority of crypto assets as securities. They haven't yet been formally designated as such in the US, however. He has fought with the Commodity Futures Trading Commission (CFTC), the second main financial regulator, for control of the asset class.


A commodity is an asset without a business in control, like gold, but a security is similar to a stock that includes a corporation and an investment contract. Although there is some gray area around cryptocurrencies, several of them more closely resemble its characteristics.


There is "a viable road ahead," according to the SEC chair, who has asked cryptocurrency firms to get in touch with the organization. Industry executives have, however, often argued that the SEC has not given them clear instructions on how to register.


A number of cryptocurrency businesses have lately come under fire from the government for allegedly conducting unregistered securities transactions. The most well-known lawsuit, involving the fintech company Ripple and its XRP coin, is nearing its conclusion. A victory for the SEC may create a precedent and prove disastrous for the cryptocurrency market.


Leading financial authorities and lawmakers in America have put off regulating cryptocurrencies.


Federal agencies are urged to "take a leadership role in international engagement and global control of digital assets compatible with democratic norms and U.S. global competitiveness," according to an executive order on digital assets issued by the Biden administration in March.


Since then, there hasn't been much movement, and it's doubtful that any crypto legislation will be passed this year. There is a narrow line between encouraging innovation that may turn the nation into a financial centre and enforcing a harsh crypto crackdown, as some politicians and bankers are asking for.

Market Consolidation in Crypto

As the week comes to a close, cryptocurrency markets have seen a little increase, but they are still range bound. The total market value has increased by 3.2 percent on the day to $970 billion, but the impetus for future gains is restricted.


The price of Bitcoin (BTC) has increased by 1.5 percent today to $20,707, while the price of Ethereum (ETH) has improved by 8.1 percent to trade at $1,209 at the time of this writing.

Suggestion