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On March 21, Bank of America discussed the outlook for the US dollar and maintained its medium-term bearish view. The bank stated, "Since the outbreak of the Iran war, the US dollar has unsurprisingly appreciated against other G10 currencies, although the overall appreciation has not been significant. Until the situation becomes clearer, oil prices and major risks will continue to dominate the foreign exchange market. Meanwhile, interest rate expectations have been raised in most G10 central banks, which has somewhat restrained the dollars appreciation," Bank of America noted. Bank of America further pointed out that although relative interest rates have not been the main driver of the foreign exchange market during this period, this situation may change as the impact of the war on the real economy gradually becomes apparent. "While we maintain our long-term bearish view on the US dollar, upside risks to the dollar are likely to dominate as the war continues," Bank of America added.The Israeli military claims to have attacked a ballistic missile production facility of the Iranian Revolutionary Guard in Tehran.On March 21st, at the recently concluded Huawei China Partner Conference 2026, Huawei unveiled and showcased the Atlas 350 AI training and inference accelerator card, powered by the new Ascend 950PR processor. Compared to its predecessor, the Ascend 950PR offers significant improvements in low-precision data formats, vector computing power, interconnect bandwidth, and Huaweis self-developed HBM (Hardware-Based Memory Management) architecture.On March 21, according to the official WeChat account of the China Council for the Promotion of International Trade (CCPIT), on March 20, Liu Jiannan, Vice Chairman of the CCPIT, met with a delegation led by Lin Yiming, Global Executive Vice President of Novo Nordisk, in Beijing. They discussed the CCPITs 15th Five-Year Plan policies on accelerating the construction of a healthy China and promoting the orderly expansion of opening-up in fields such as healthcare, and exchanged views on supporting Novo Nordisks investment and development in China and deepening international cooperation in the supply chain.Iranian President Pezechzian: The actions taken by the United States and Israel against Iran are extremely inhumane and immoral, and we strongly condemn them.

Wallet Host Identity Revealing Bill Approved for Final Vote

Skylar Shaw

Apr 01, 2022 10:13


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The bill received majority approval during the ECON – LIBE voting session.


The law is also unlikely to face opposition during the final vote.


The crypto community sees this as a significant setback for self-hosted wallets.


Crypto's sovereignty is based on its decentralization, anonymity, and independence, yet it appears that the EU Parliament is uninterested.


The vote session that completed today puts the existence of self-hosted wallets in jeopardy, as no one in the European Union would willingly give up their right to anonymity.

Another Threat to Crypto

The results of the roll-call votes in the ECON – LIBE voting session were tabulated as 58 in favor, 52 against, and 7 abstentions. As a result, the revisions to the Transfer of Funds Regulation are approved.


Crypto service providers will be forced to authenticate the identity of the owners of self-hosted wallets, also known as "Unhosted wallets," under these revisions.


The threat, however, does not stop with these wallets; crypto service providers, especially cryptocurrency exchanges, would also be targeted by regulators.


And if this bill passes, regulators will have the weapons they need to constantly monitor them, defeating the point of crypto.


People use these self-hosted wallets to preserve their privacy and security.


Nonetheless, the EU Parliament aims to eliminate it since the possibility of an unjustified probe into one's business will deter individuals from utilizing it, therefore ending the service in the EU.

The Trilogues

There is a slim likelihood that the law may face opposition before it is voted on in its final form.


However, things could change at the European Commission and European Council Trilogues.


The Trilogue, which is set to begin in the next two weeks and end in mid-April, might have repercussions for the bill.


Formal trilogue conversations are usually held within the context of a conciliation body, which in this case is the European Commission.


The outcome of the trilogues is the conciliation committee's formal decision, which cannot be overturned by either the EU Parliament or the EU Council.

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