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On March 30, in response to concerns raised by Europe and other countries regarding rising fuel prices and increased shipping costs in the Gulf, Iranian Foreign Ministry spokesman Baghae stated that Iran is not responsible for the current situation and does not want people in other countries to suffer pressure due to rising fuel or food prices. Baghae also stated that Iran is currently managing the passage of vessels that are not hostile, while ensuring security. In the past few days, some vessels have passed through the Strait of Hormuz after coordinating with relevant Iranian authorities.March 30th - Germanys inflation accelerated significantly in March, according to the German Federal Statistical Office on Monday, following the surge in energy costs caused by the conflict with Iran. This reinforces expectations that the European Central Bank (ECB) may need to raise interest rates. Germanys harmonized CPI rose 2.8% year-on-year in March, up from 2% in February, reaching its highest level in over a year. Regional reports showed that heating oil and fuel were the main drivers. As the Middle East conflict enters its fifth week, the impact of rising oil and gas costs is gradually being reflected in European prices and consumer expectations for the inflation outlook. Although ECB President Christine Lagarde pledged to act swiftly and decisively if necessary, officials indicated that they would not rush into action after assessing the full impact. Money markets expect a rapid policy response and favor raising interest rates at the April meeting, with up to three rate hikes possible throughout the year.The Russian Federal Security Service (FSB) has discovered stockpiles of chemical and biological weapons in parts of Donetsk liberated from the Ukrainian armed forces.On March 30th, it was reported that the Peoples Bank of China (PBOC) held its 2026 Research (Advisory) Work Conference on March 24th. The conference noted that in 2025, the PBOCs research (advisory) department focused on planning and researching important reforms for the PBOC, conducted high-quality research and compilation of the 15th Five-Year Plan, dynamically evaluated and improved key tasks related to the construction of the "six core elements," and accelerated the construction of Shanghai as an international financial center. Positive results were achieved in strengthening macroeconomic analysis, improving the green finance system, promoting regional financial reform and development, and leveraging the advisory role. The conference required that in 2026, research (advisory) work should deeply understand the new situation, new tasks, and new requirements facing financial research during the 15th Five-Year Plan period, scientifically grasp research methodology, effectively carry out work related to the 15th Five-Year Plan, deepen research on major regularities and emerging issues, coordinate the promotion of regional financial reform and financial support for regional coordinated development, fully leverage the role of advisors and financial research in assisting the PBOCs work, and transform research results into practical measures to promote high-quality financial development.Canadas national economic confidence index was 49.2 as of March 27, compared to 50.6 previously.

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.