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Conflict Status: 1. Russian troops have captured the settlement of Chukyuevka in eastern Ukraine. 2. Ukrainian General Staff: Attacked an oil depot in Russias Saratov region. 3. Russian Ministry of Defense: Russian forces launched a large-scale attack on Ukrainian military energy and transportation infrastructure. 4. Zelensky: Russia launched more than 400 drones and about 40 missiles to attack Ukraines energy sector. 5. The governor of the Kursk region of Russia stated that 47 Ukrainian drones were shot down in the region in the past 24 hours. 6. Ukrainian General Staff: Ukrainian forces are continuously wearing down Russian forces along the entire front and in the rear, repelling multiple Russian attacks in the Leman and Pokrovsk directions. Peace Negotiations: 1. Trump said the US-Russia-Ukraine talks "could go wrong." 2. Zelensky: Does not support a peace agreement that violates the Ukrainian constitution. 3. Zelensky: The US seeks to push for a ceasefire agreement between Russia and Ukraine by June. 4. Zelensky: The possibility of holding a trilateral summit to discuss thorny issues has been proposed. 5. Zelensky: The US proposed a meeting between Russian and Ukrainian delegations in Miami in a week, and Ukraine has agreed. Other developments: 1. Energy facilities attacked; Ukraine says it has requested emergency electricity assistance from Poland. 2. Two suspects arrested in the attack on the Russian lieutenant general; the Ukrainian Foreign Minister denies any Ukrainian involvement in the attack. 3. International Atomic Energy Agency: Following a new round of military activity affecting power substations, Ukrainian nuclear power plants again reduced power output this morning. 4. Ukrainian Foreign Minister: Ukraine supports calls for a truce with Russia during the Winter Olympics, following proposals from Italy and the Pope. 5. Polish Army Operations Command: Polish air operations related to Russian airstrikes on Ukraine have ended. No violations of Polish airspace occurred. Southeastern Polish airspace was briefly closed previously.On February 8th, Fujian Province issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to systematically advance the construction of "good houses." This includes accelerating the construction of a new real estate development model and improving the "market + guarantee" housing supply system. The document also calls for implementing a housing quality improvement project to enhance the entire housing chain, from design and construction to maintenance and services, and vigorously promoting the construction of safe, comfortable, green, and smart "good houses." Furthermore, it aims to build a modern industrial system for residential construction. The document also emphasizes steadily advancing the renovation of urban villages and dilapidated housing, supporting the independent renewal and reconstruction of old housing, continuously promoting the renovation of old urban residential communities, and implementing an action plan to improve the quality of property services.February 8th - Japanese voters will head to polling stations on Sunday (January 22nd) to cast their votes for Prime Minister Sanae Takaichis government. Takaichi hopes to consolidate her power and secure clear authorization for her spending and investment plans, which have unsettled some investors. Takaichi has stated she will stake her job on the election results and will resign if the ruling coalition fails to win a majority in the more powerful House of Representatives. Takaichi currently holds a slim majority of 233 of the 465 seats in the House of Representatives. Polls suggest she is poised for a landslide victory. The Nikkei reports that the Liberal Democratic Party (LDP) and its smaller ruling coalition partner, the Japan Restoration Party, could win over 300 seats. The Mainichi Shimbun states that the LDP alone could win 300 seats, meaning the ruling coalition could secure two-thirds of the House of Representatives. Despite this, the Middle Way Reform Coalition appears to be struggling to win over voters. Some polls suggest the party may ultimately lose half of its seats. In a rare winter election, snowfall in the north could also reduce voter turnout and weaken support for Kaohsiung, especially given that she relies on personal popularity rather than organized voting to increase the Liberal Democratic Partys seats.February 8th - The "Implementation Opinions on Promoting High-Quality Urban Development" was recently issued, proposing to promote the coordinated development of large, medium, and small cities. It supports Fuzhou in accelerating its construction as a modern international city; Xiamen in building a leading demonstration zone for high-quality development; Zhangzhou in building a green intelligent manufacturing base on the southeast coast, and a modern, livable, ecological garden city; Quanzhou innovating and developing the "Jinjiang Experience," building a 21st-century "Maritime Silk Road City" and a strong intelligent manufacturing city; Sanming and Longyan in building high-quality development demonstration zones in the old revolutionary base area of western Fujian; Putian in implementing the Mulan River governance concept, building a pioneering city for green and high-quality development; Nanping in building the core area of the Greater Wuyi Cultural Tourism Circle; Ningde in building the core area of the new energy and new materials industry; and the Pingtan Comprehensive Experimental Zone in a new round of opening-up and development. It supports various localities in exploring urban development positioning that suits their local conditions. It also accelerates the extension of the functions of central cities, driving the development of small and medium-sized cities through industrial transfer and "enclave economy."On February 8th, Fujian Province issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to improve urban infrastructure. This includes accelerating the construction of the Fuzhou and Xiamen subway projects; optimizing the hierarchical structure of the urban road network, removing bottlenecks and congestion, and optimizing the urban freight network; strengthening the construction of parking and charging facilities; continuously enhancing the deep coverage of 5G, 5G-A, and gigabit optical networks; coordinating the construction of computing infrastructure and IoT sensing facilities; and encouraging qualified cities to pilot data infrastructure construction. The document also promotes the upgrading and digital transformation of traditional infrastructure and the construction of underground integrated pipe corridors according to local conditions. Furthermore, it accelerates the construction of a modern water network to enhance flood disaster prevention, water resource allocation, and urban and rural water supply security capabilities. Finally, it promotes the high-quality development of the urban power distribution network.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

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International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.