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On January 9th, Barclays Julien Lafargue stated in a report that tonights revisions to the US payroll data for the first few months will also be closely watched, as they should reveal the impact of the US government shutdown. Barclays doubts whether this data will significantly alter current market expectations that the Federal Reserve will keep interest rates unchanged in the first quarter. Nevertheless, the chief market strategist pointed out that the upcoming jobs report "is just one piece of the puzzle; the other pieces include inflation and the upcoming Supreme Court ruling on reciprocal tariffs."General Motors (GM.N) shares fell 2% in pre-market trading after the company announced a $6 billion impairment charge due to a decline in its electric vehicle business.According to the New York Times, Trump stated that owning Greenland has significant psychological implications.On January 9th, Premier Li Qiang chaired an executive meeting of the State Council. The meeting pointed out that revising the regulations on nature reserves and ensuring their coordination with laws and regulations such as the National Park Law will provide strong legal guarantees for the high-quality development of nature reserves. It is essential to adhere to the principle of prioritizing ecological protection and coordinating protection and development. In accordance with the characteristics and inherent laws of natural ecosystems, nature reserves should be protected holistically, restored systematically, and managed comprehensively. While ensuring ecological protection, public service functions should be enhanced, and a mechanism led by the government, with multi-party participation and social sharing should be established to achieve a unified approach to ecological protection, green development, and improvement of peoples livelihoods.According to the New York Times, Trump said he wants the United States to own Greenland.

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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