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April 11 - According to US media reports, delegations from the United States and Iran held talks in Islamabad, the capital of Pakistan, on the 11th. When interviewed by US media that day, President Trump was asked if the US-Iran talks had begun. Trump replied, "Yes." When asked if Iran was engaged in serious negotiations, Trump replied, "Ill let you know in a very short time, not too long."On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.US President Trump: Our oil reserves are more than the next two largest oil-producing economies combined, and they are of higher quality.On April 11, Indonesian Foreign Minister Sujiyono stated in an interview that the China-Pakistan five-point initiative is a pragmatic measure to promote peace negotiations, achieve a permanent ceasefire, strengthen civilian protection, and normalize economic relations, and Indonesia welcomes it. Sujiyono said that since the beginning of the US-Israel-Iran conflict, Indonesia has called on all parties to immediately cease hostilities and return to the negotiating table to strive for a solution through means consistent with international law. The China-Pakistan five-point initiative prioritizes dialogue and diplomatic channels, which is conducive to creating the necessary conditions for achieving peace, stability, and security in the region and beyond. Recently, China and Pakistan issued a five-point initiative on restoring peace and stability in the Gulf and the Middle East, calling for a cessation of hostilities, the commencement of peace talks as soon as possible, and ensuring the safety of non-military targets, the safety of shipping lanes, and the primacy of the UN Charter.On April 11, sources revealed that the Bank of England plans to discuss the impact of Anthropics newly launched artificial intelligence model with financial institutions. British regulators are joining their counterparts in the US and other countries in warning of the risks posed by this tool. Anthropics Mythos model will be on the agenda of the Bank of Englands next Cross-Market Operations Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled for the next two weeks. The Federal Reserve and the Treasury have already held emergency meetings on the matter, and the Bank of Canada also met with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. These meetings reflect growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry.

Thai Energy Firm Gulf Concludes Investments in Binance.US and BNB

Cameron Murphy

Apr 20, 2022 09:43


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  • In Thailand, Gulf Energy Development and Binance have formed a joint venture.

  • Gulf has invested in Binance's US subsidiary and its flagship cryptocurrency, BNB.

  • In Thailand, the business will seek for a license to operate a digital asset exchange.


Gulf Energy Development PCL, owned by Thai billionaire Sarath Ratanavadi, has completed an investment in Binance's US branch and its hallmark cryptocurrency, BNB.


The move follows the announcement in January of a cooperation between the two companies to develop a digital asset market in Thailand. The partnership, according to Binance, is the "initial step" in investigating potential in Thailand. Despite this, the Thailand regulator has filed a criminal complaint against the exchange for operating without a license.

Investment To Deepen Crypto Market Involvement

Gulf disclosed its investment in Series Seed Preferred Stock issued by BAM Trading Services, which runs Binance, in a regulatory filing with the Thailand Stock Exchange on Monday. US.


"As a result, the Binance investment.


The United States not only allows the Company to participate in one of the world's quickest user scale-up exchanges, but it also offers the possibility of increased investment value after Binance.


IPO in the United States."


According to CEO Brian Shroder, Binance is planning an initial public offering (IPO) in two to three years. The cash will be used by Binance's US subsidiary to increase staff and product range, undertake ROI-based marketing campaigns, and make additional acquisitions ahead of its anticipated IPO, according to the filing.


Gulf also put money into Binance Coin (BNB), the native cryptocurrency that runs the BNB Chain ecosystem, for an unknown amount.


The business also announced a joint venture deal with Binance to establish a crypto exchange in Thailand, according to another regulatory filing.


"Following the formation of the joint venture, it will apply to appropriate authorities for a digital asset exchange license and other licenses."


Last week, Binance announced that it has gained primary permission from Abu Dhabi Global Market for its activities. Binance will be able to operate as a virtual assets broker-dealer as a result of the clearance, marking the company's third aggressive expansion in the Middle East after securing licenses in Bahrain and Dubai.


The joint venture, according to Gulf, would provide it greater opportunity to investigate the digital asset sector and expand the scope of its investments.

Thailand Crypto Tax

Thailand, however, prohibited cryptocurrency payments last month, citing price volatility, a lack of user safety, money laundering, and cyber-theft concerns as major factors in the decision.


Crypto firms would "not be authorized to promote or market crypto payments," according to the banking authority.


Following public criticism, the nation first planned a 15% tax on crypto assets, but eventually abandoned its proposals. However, when contrasted to India's 30% tax rate, this seems to be considerably less.

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