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South Korean Presidential Office: The Blue House (South Korean presidential residence) convened a National Security Council meeting.On September 20th, Iranian Parliament Speaker Mohammad Ghalibaf stated that the notion of choosing between "war and negotiation" is wrong. Iran must fight back rationally and forcefully, and negotiate with an authoritative and rational attitude at the appropriate time. Ghalibaf said that Iran has clearly conveyed its conditions to the other side through intermediaries. Unless these conditions are met, Irans legitimate rights are recognized, and the United States commitments are fulfilled, there is absolutely no possibility of returning to the previous negotiating state, nor is it possible to reopen the Strait of Hormuz.September 20 - According to sources within the Chinese military, on September 18, the New Zealand frigate HMAS Temana and the supply ship HMAS Oteyarova transited the Taiwan Strait. The Peoples Liberation Army monitored and monitored them throughout their transit, and the situation was under control.UBS predicts that AI capital expenditure will approach $1 trillion in 2026 and further climb to approximately $1.4 trillion in 2027, with the primary driver of this growth being a significant increase in memory costs. UBS estimates that memory-related spending will surge from $71 billion in 2025 to $367 billion this year, reaching $923 billion in 2027. Other AI-related costs are projected at $631 billion in 2026, declining to $525 billion in 2027. This means that rising memory costs this year will contribute approximately 60% of the increase in AI capital expenditure; and by 2027, with declining spending on other components, the increase in memory costs may even exceed the total net increase in AI capital expenditure.September 20 - According to Australian sources, a knife attack occurred in Sydney, Australia on the 20th, resulting in the death of one child and serious injuries to two other children and a woman.

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.


A 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.

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