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On October 9th, Mitsubishi UFJ analysts wrote in a report that the euro could resume its upward trend against the dollar if political stability is restored in France, eliminating the need for new elections. Following Le Cornus resignation, French President Emmanuel Macron is expected to appoint a new prime minister by Friday. "If his efforts to form a government and secure budget support fail again, he will face significant pressure to call another early parliamentary election," the analysts said. In this scenario, the euro is likely to remain weak due to political uncertainty, they said. If elections are avoided, the euro is expected to recover by the end of the year.Tip: The final values of the U.S. wholesale sales monthly rate and the U.S. wholesale inventory monthly rate in August were not announced as scheduled due to the U.S. government shutdown.The three major U.S. stock indices all turned negative, with the Dow Jones Industrial Average down 0.3%, the S&P 500 down 0.18%, and the Nasdaq down 0.16%.On October 9th, Lingge Technology issued an announcement regarding unusual stock trading fluctuations. The cumulative deviation in the closing price of the companys stock over the last three trading days with transactions reached 54.33%, constituting unusual stock trading fluctuations. There are no corrections or supplements to previously announced matters; no media reports or market rumors have been found that may or have significantly impacted the companys stock price, and no hot-button topics have been identified; no significant changes have occurred in the companys recent operations or internal or external operating environment; no material matters regarding the company that should be disclosed but have not been disclosed, or any material matters that are in the planning stages, have occurred with the company, its controlling shareholder, or its actual controller; and no other major events that could significantly impact the stock price have occurred.Polish Central Bank Governor Glapinski: If the interest rate is indeed cut, the cut will be 25 basis points.

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.