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On March 10, ING analysts said in a report that Germanys proposal to increase spending may limit the ECBs interest rate cuts. Analysts said the ECB is likely to remain on hold in April and cut interest rates once before the summer. The planned additional spending is likely to boost economic growth, but it will take some time to see the positive effects, "capital investment takes time to deploy."DoorDash shares rose 5.6% in premarket trading as the company prepares to join the S&P 500.Tesla (TSLA.O) fell more than 2% in pre-market trading.On March 10, there were 21 working days in March 2025, the same as last March. As all industries quickly returned to normal operation after the Spring Festival holiday, the month-on-month production and sales growth in March will be relatively rapid. In 2025, the policy subsidies and preferential policies of the automobile industry reached a new high, becoming a key factor in leveraging the prosperity of the overall automobile market and accelerating the transition of new energy consumption to the mass popularization stage. With the expansion of the scrapping policy, it is estimated that 5 million vehicles will be scrapped and updated this year, and the amount of scrapping subsidies will be about 90 billion yuan. The replacement policies in various places are stable and powerful, and it is expected that 10 million vehicles can be replaced, nearly 130 billion yuan. At the same time, the production and sales of new energy vehicles this year are expected to be around 16 million, bringing more than 2 trillion yuan in sales; 2025 is the last year of the preferential policy of vehicle purchase tax exemption. Under the current market size of new car sales, it is estimated that about 200 billion yuan of vehicle purchase tax exemption benefits can be released. The total amount is more than 400 billion yuan. Compared with the 5 trillion yuan in automobile sales, the 400 billion yuan subsidy is rare in history, and the support for the development of the auto market is also at an unprecedented level in history.On March 10, Swissquote analyst Ipek Ozkardeskaya said in a report that if Canadas new Prime Minister Mark Carney successfully fights back against US tariffs, the Canadian dollar may rise in the medium term. However, in the short term, the currency will face selling pressure as the Bank of Canada is expected to cut interest rates by another 25 basis points on Wednesday. Carney said he will continue to impose retaliatory tariffs until "the Americans show respect to us."

Binance Registers With the French Crypto Authority and Moves on With Its European Objectives

Cory Russell

May 05, 2022 10:06


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Exchange of cryptocurrencies Binance has registered with France's market regulator, according to Chief Executive Officer Changpeng Zhao, furthering the company's aim to establish a European center in Paris.


"It's a true mark of quality," Binance stated. David Prinçay, France's General Manager, referred to the registration with the regulator, AMF.


"People's perceptions are shifting. It enables us to go on to the next step, which is to educate (the French public) about blockchain."


A computer network, rather than a central authority, maintains and updates a shared record of information. The technique is used by major cryptocurrencies like bitcoin.


Binance, according to Prinçay, France was now requesting a formal license from the French markets regulator in order to establish a regional headquarters in the country. Even before the registration, Binance claimed to be the country's leading bitcoin exchange.


Binance has been registered in France for the first time, and it is also pursuing registration in Switzerland, Sweden, Spain, the Netherlands, Portugal, and Austria, according to Prinçay.

Binance Received Licenses from Dubai and Bahrain in March.

More than a dozen national authorities, including those in Germany, Italy, and the United Kingdom, issued warnings to Binance last year. It was operating without a license in several areas, according to some.


Binance's CEO, who goes by the initials "CZ," said last month that he would spend 100 million euros ($105.51 million) in France and would donate 2 million euros to the renovation of a room at the Chateau de Versailles. He also endorsed French President Emmanuel Macron's re-election effort on Twitter.


Binance has actively extended its global presence since its inception in Shanghai in 2017.


According to a Reuters investigation released last month, Binance increased its operations in Russia, where it leads the crypto market, while also developing relationships with Russian government agencies.

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