EUR/USD 1.17988
-0.060%
Gold 3340.24
0.043%
Oil 64.756
-0.216%
USD/JPY 143.541
0.086%
GBP/USD 1.37463
0.009%
GBP/JPY 197.322
0.138%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures July 2, as of June 28, Japans commercial crude oil inventories increased by 43,529 kiloliters from the previous week to 12,287,738 kiloliters. Japans gasoline inventories fell by 108,464 kiloliters from the previous week to 1,673,044 kiloliters. Japans kerosene inventories increased by 102,849 kiloliters from the previous week to 2,099,122 kiloliters. The average operating rate of Japans refineries was 88.2%, compared with 84.4% in the previous week.July 2, Phillip Nova senior market analyst Priyanka Sachdeva wrote in a report that oil futures may trade in a narrower range this week as OPEC+ is widely expected to agree to increase production by another 411,000 barrels per day in August. OPEC+ supply is under the control of investors; however, prices seem to have digested the increase in production and are unlikely to catch the market off guard again in the short term. However, a weaker dollar could prolong any upward momentum.July 2, Goldman Sachs said that if OPEC+ decides to increase production on Sunday, the market is not expected to react much, because the general market expectations have shifted to this result. Goldman Sachs expects the August production increase to be the last, as the large influx of shale oil from non-OPEC countries affects the supply and demand balance, but the risk tends to be a further increase in OPEC+ quotas after August.Canada remains committed to removing all Trump tariffs in its trade deal with the United States, the country’s ambassador to Washington said.Goldman Sachs: If OPEC+ decides to increase production on Sunday, the market is not expected to react much as the general market expectations have shifted to this outcome.

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

Cory Russell

Jul 15, 2022 14:57

微信截图_20220715144406.png


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.

Suggestion