• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. Geological Survey reports a 5.1-magnitude earthquake 264 kilometers west of Abepula in Indonesia.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.4 occurred at 17:00 on July 4 near Binchuan County, Dali Prefecture, Yunnan Province (25.95 degrees north latitude, 100.57 degrees east longitude). The final result is subject to the official rapid report.On July 4th, the General Offices of the Ministry of Civil Affairs, the Ministry of Science and Technology, and the China Association for Science and Technology jointly issued the "Registration Guidelines for the Establishment of International Science and Technology Organizations." The guidelines require that the establishment of an international science and technology organization must simultaneously meet the basic conditions for a social organization legal person and the fundamental conditions for conducting international cooperation. Specifically, these include appropriate Chinese and foreign initiators, a certain number of members, a standardized name, a standardized organizational structure, a fixed address, suitable proposed leaders and full-time staff commensurate with its business activities, and legal assets and sources of funding.According to Saudi media Hadas, the Iraqi president stated that keeping weapons in state control is the most important issue facing the new government.July 4th - Data released by the State Post Bureau on July 4th shows that as of June 30th, my countrys express delivery volume this year has exceeded 100 billion pieces, nine days ahead of the 2025 target. The resilience of the postal and express delivery industry reflects the steady growth of my countrys consumer market and the positive trend of steady economic development.

Crypto regulation laggards spur arbitrage risk – French central banker

Skylar Shaw

Sep 28, 2022 14:52

微信截图_20220928100329.png


According to the director of France's central bank, countries that take too long to develop legislation for crypto assets might expose themselves to arbitrage risks that players operating internationally could take advantage of.


In an effort to establish standards throughout the world, the European Union suggested in July that businesses in the 27-nation bloc get a license and provide consumer protections before issuing and selling digital tokens.


However, the worldwide market for crypto assets, including cryptocurrencies like bitcoin, is still mostly uncontrolled.


Francois Villeroy de Galhau, governor of the French central bank, expressed his optimism that the EU legislation will be officially enacted by March of next year and noted that other unidentified "important countries" were less developed.


Villeroy said at a symposium on digital banking in Paris that "we need be particularly vigilant to avoid implementing divergent or contradicting laws, or regulating too late."


He said that doing so "would be to create an unequal playing field, risking arbitrage and cherry picking" and that "unduly complicated" legislation would not be sufficient to adequately safeguard customers and stop money-laundering.


While the US is still working to find any regulatory loopholes, the EU has moved forward with new crypto-asset legislation.