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Israeli Prime Minister Netanyahu: The war with Iran is not over yet.Israeli Prime Minister Benjamin Netanyahu told CBS that while much of Iran’s capabilities have been weakened, much work remains to be done because Iran still possesses considerable strength.According to Saudi media outlet alhadath, Israeli Prime Minister Benjamin Netanyahu stated that Iran continues to support its proxies and armed groups, and that Iran is seeking to produce more ballistic missiles.Domestic News: 1. Suzhou City optimizes housing provident fund usage policies. 2. Shanxi Province adjusts housing provident fund loan and withdrawal policies. 3. Global chip LOF trading will be suspended from Mondays opening until 10:30 AM. 4. The Ministry of Commerce issues a notice regarding the implementation of beef safeguard measures for 2026. 5. The State General Administration of Sport: Focus on athletes performance on the field, and will not organize or participate in birthday celebrations or similar activities. 6. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to South Korea from May 12th to 13th to hold trade consultations with the United States. International News: 1. US Energy Secretary: The government is open to suspending fuel taxes. 2. Spanish official: All personnel on the "Hondias" ship are asymptomatic, and repatriation is expected to be completed tomorrow. 3. US Treasury Secretary Bessenter: I will depart on Monday for a series of brief meetings in Japan and South Korea. 4. Middle East situation—① Iran says it will enter a new operational area if the enemy attacks again. ② Irans response to the US proposal has been delivered through Pakistan. ③ A Qatari liquefied natural gas (LNG) carrier passed through the Strait of Hormuz for the first time in approximately 70 days. ④ Iranian Navy Commander: Domestically built light submarines are on standby in the Strait of Hormuz. ⑤ Trump: The U.S. has been monitoring the enriched uranium buried by Iran under the rubble, and will immediately be notified if anyone approaches and will destroy it.On May 10th, according to NBC News, U.S. Energy Secretary Wright stated in an interview that the Trump administration is "open to all ideas" to lower gasoline prices, including suspending the federal fuel tax. According to data from the American Automobile Association, the average price of gasoline across the U.S. surged to $4.52 per gallon on Sunday, an increase of more than 50% since the start of the war with Iran. Wright added that everything comes at a price. He stated that he cannot predict energy prices in the short to medium term. However, what the U.S. government is doing now is ending the 47-year confrontation with Iran. When pressed again about whether gasoline prices would reach the $5 mark, Wright said he "didnt want to predict prices."

Britain proposes regulation of all cryptoassets

Skylar Shaw

Oct 28, 2022 15:15



Under a proposal the UK financial services minister has added to a draft bill that is now before parliament and is virtually surely going to pass, Britain would have the authority to regulate all cryptoassets.


The modification to the financial services and markets law was proposed by Andrew Griffith, who was re-appointed as City Minister by Britain's new Prime Minister Rishi Sunak on Thursday. The proposal is now being approved by parliament.


The Financial Conduct Authority is only given authority to regulate stablecoins under the law as it was initially written, but the change expands that authority to include marketing for all cryptoassets.


In a parliamentary document dated Thursday, the amendment states that "this new clause amends the Financial Services and Markets Act 2000 to clarify that the powers relating to financial promotion and regulated activities can be relied upon to regulate cryptoassets and activities relating to cryptoassets."

If the administration proposes an amendment, it will very probably become law.


It would bring Britain closer to parity with the markets of the European Union in the cryptoassets legislation that is currently being finalized and is regarded as the first complete set of regulations for the nascent cryptocurrency industry.


Separately on Thursday, Sam Woods, the deputy governor of the Bank of England, said that the institution is advancing with the development of a regulatory framework for systemic stablecoins. This will enable both non-banks and banks governed by the BoE to innovate, and according to Woods, a public consultation document on the new system will be released the following year.

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