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On September 4th, Wang Wenjun, Deputy Director of the National Healthcare Security Administration, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that in the first seven months of this year, the maternity insurance fund expenditure reached 78.42 billion yuan, benefiting 25.56 million people, including 60.78 billion yuan in maternity allowance expenditure, which was fully realized through direct payment to individuals. During the 15th Five-Year Plan period, efforts will be made to promote the simultaneous participation of flexible employment personnel, migrant workers, and new employment forms in maternity insurance while participating in employee medical insurance, reasonably improve the level of prenatal examination protection, promote the basic realization of "no out-of-pocket expenses" for inpatient delivery within the policy scope, and further expand the scope of direct settlement of maternity medical expenses in different regions.September 4th – This morning, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality development of medical insurance and better serving Chinas modernization. During the 15th Five-Year Plan period, the medical insurance sector will continue to strengthen the foundation of universal medical insurance, continuously optimize the structure of universal participation, and expand the participation of key groups such as flexible employment personnel, migrant workers, and those in new employment forms in employee medical insurance. It will continue to improve the level of maternity medical security, enabling direct settlement of maternity medical expenses for insured individuals and direct payment of maternity allowances to individuals. A comprehensive long-term care insurance system will be established, long-term care insurance service policies will be improved, and the capacity and level of long-term care services will be enhanced.The South Korean presidential office stated that security negotiations with the United States have made no progress.According to Interfax news agency, citing authorities, a Ukrainian drone attack caused a fire at an oil depot in Sochi, a port city on Russias Black Sea coast.On September 4th, the State Councils Safety Production Committee Office convened a video conference on September 3rd to coordinate and advance the investigation and rectification of "fake new energy refueling stations." The meeting required that, following the methods used in Hubei Province, a thorough and comprehensive investigation of "fake new energy refueling stations" in the region be conducted to ensure a complete and accurate assessment. It stressed strengthening joint enforcement across the entire chain, clarifying the enforcement entities responsible for various illegal activities, unifying enforcement standards, refining discretionary criteria, and enhancing consultation and judgment, adhering to the principle of "punishing all who should be punished and ensuring proportionality," and maintaining a high-pressure stance against illegal activities. The meeting also emphasized strictly implementing the cross-departmental regulatory mechanism for refined oil products, conducting routine investigations and rectifications of illegal gas stations, including "fake new energy refueling stations," broadening the sources of leads and investigation methods, improving systems for lead transfer, information sharing, and case consultation, enhancing joint supervision, verification and handling capabilities, and strictly preventing a resurgence of illegal activities.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.