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February 15th - The World Health Organization (WHO) issued a statement on the 14th saying that it has received reports of recombinant monkeypox virus strains in recent months, with two patients infected with a new strain resulting from the recombination of branch Ib and branch IIb strains. However, the risk of monkeypox infection in the general population without specific risk factors remains "low".February 15th - The Reserve Bank of India (RBI) has tightened lending rules for companies engaged in proprietary trading of stocks and commodities and providing leveraged services to clients, in the latest move aimed at curbing speculation. In a statement released on its website on Friday, the RBI said all credit to securities firms must be secured by collateral, and loans to clients proprietary trading or brokerage investment businesses will be prohibited. The RBI stated that the so-called prudential rules for capital market intermediaries such as stock and commodity brokers will take effect on April 1st. These stricter measures will increase financing costs for proprietary trading firms and squeeze their profit margins.February 15th - According to reports on the 13th local time, US chocolate prices continue to rise due to factors such as supply shortages in major global cocoa-producing regions, with a year-on-year increase exceeding 14%. Data from the US market research company DataCollection shows that from January 1st to early February this year, US chocolate retail prices rose 14.4% year-on-year. Specifically, chocolate prices in cities like Denver and Los Angeles rose by approximately 17% year-on-year, while the Dallas-Fort Worth area saw a surge of 19%. The rise in US chocolate prices is mainly due to the global shortage of cocoa beans, the core ingredient. West Africa accounts for about 70% of global cocoa bean production, and extreme weather led to poor harvests, pushing cocoa futures prices to historical highs. Although international cocoa prices have recently fallen significantly, the US chocolate market is still digesting previously purchased high-priced raw material inventory, and the upward trend in chocolate prices may continue in the short term.February 15th - According to foreign media reports, the Vietnamese government approved SpaceXs Starlink satellite internet service launch in Vietnam on February 14th. The Vietnamese Ministry of Science and Technology has issued a license to Starlinks local subsidiary, allowing it to provide fixed and mobile satellite internet services. The company has also been granted permission to use radio frequencies and wireless equipment.February 15th – Hong Kong Financial Secretary Paul Chan Mo-po delivered a Lunar New Year message: "In the past year, with the strong support of the nation and the joint efforts of the SAR government and citizens, we have overcome many challenges. Exports performed well, visitor numbers increased, local consumption stabilized, and the international financial center developed steadily, resulting in overall economic stability and progress. Looking ahead to the new year, the external environment is challenging, but it will also present many new opportunities. We will actively strive for economic development, consolidate and enhance traditional advantageous industries, while exploring new markets and developing emerging industries. We will vigorously attract businesses and gather talent, ensuring that the fruits of diversified development better benefit the citizens. This year marks the beginning of the 15th Five-Year Plan, and we will more actively integrate into and serve the overall development of the nation, leveraging our strengths to serve the countrys needs."

Binance Calls Out Reuters with False Claim Narrative

Cameron Murphy

Apr 24, 2022 09:31


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Binance, the world's largest cryptocurrency exchange, has received a lot of press in recent months.


Following Russia's invasion of Ukraine in February, crypto exchanges were once again in the limelight.


Reuters reported that Binance will restrict Russian client accounts targeted by sanctions, but not all accounts, in response to requests from the Ukrainian government to freeze all Russian crypto accounts.


Binance was not alone in taking this stance on account freezes, as numerous other major exchanges followed suit.


Reuters is being chastised by Binance for making a false claim.


Binance was caught on the wires exchanging customer data with Russia on Friday. Binance's regional leader met with Russia's financial intelligence agency in April 2021, according to a Reuters Special Report. Russian intelligence, according to reports, wants Binance to provide customer data to aid in the battle against crime.


Russian intelligence was reportedly attempting to track Russian opposition leader Alexei Navalny's Bitcoins (BTC) worth millions of dollars, according to Reuters.


Gleb Kostarev, Binance's head of Eastern Europe and Russia, allegedly agreed to the request, telling a "business acquaintance that he didn't have much option."


Binance has continued to function in Russia since the invasion of Ukraine, according to Reuters. This is despite the fact that other payment systems, such as PayPal, have stopped operating in the nation.


Binance has denied helping Russian intelligence track down contributions to Alexei Navalny in reaction to the Reuters article.

Binance Announced on Friday

"Any claims that Binance exchanged user data with Russian FSB-controlled agencies or Russian regulators, including Alexei Navalny's, are totally incorrect."


Binance also said,


"On the particular issue of not sharing data, any government or law enforcement agency in the world may request user data from Binance today, as long as the request is backed by sufficient legal authorities." Russia is no exception. Binance complies with its legal duties." "Becoming a regulated firm entails fulfilling disclosure requirements to the authorities in each country, and Binance complies with its legal obligations."


Binance has announced that it would file a legal complaint with Reuters. The exchange also published a whole email conversation with Reuters about Binance's Russian activities.

Russian Users Will Have Limited Access to Binance's Services

Binance said on Thursday that Russian account holders with more exceeding €10,000 would be restricted to withdrawal-only mode.


The announcement states that


"Binance is obligated to prohibit services for Russian nationals or natural people resident in Russia, or legal companies incorporated in Russia, who hold cryptos above the value of 10,000 EUR, as part of the EU's fifth package of restrictive measures against Russia." As a result, we need you to complete your verification of proof-of-address."


Binance also said,


"Accounts that fall under this limitation will only be able to withdraw money." On these accounts, no deposits or trading will be authorized. All spot, futures, custodial wallets, and staked and earned deposits are included in the limit. Furthermore, any deposits of more than 10,000 EUR to Russian citizens, natural people resident in Russia, or legal companies created in Russia will be prohibited."


Despite Binance CEO Changpeng "CZ" Zhao apparently claiming that his exchange "will fight requests to restrict services to common people," calling such a move immoral, the new statement arrives.