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US Special Envoy Witkov: The US-Ukraine Berlin talks have made "significant progress".December 15th - FlightAware data shows that as of 10:00 AM on the 14th, hundreds of flights had been canceled and over 3,000 flights delayed across the United States. Severe weather continues to impact air transport.South Korean customs: South Korea imported 10.8 million tons of crude oil in November, compared with 11.3 million tons in the same period last year.On December 14th, according to a report by Ukraines Interfax news agency, Ukrainian President Volodymyr Zelenskyy stated that the US demand for a unilateral withdrawal of Ukrainian troops from eastern Ukraine and the establishment of a "free economic zone" there is "unfair," and Ukraine needs to realistically view the peace process. Zelenskyy told the media that according to the USs "compromise plan," Russian troops would not be allowed to enter parts of eastern Ukraine, while Ukrainian troops would withdraw from these areas and establish a "free economic zone." "I think this is unfair because there is no stipulation on who will manage the economic zone," Zelenskyy said. He added that if Ukrainian troops withdraw, Russian troops should also withdraw, a problem that currently "has no answer, but is very sensitive and thorny." If a "buffer zone" is established along the military contact line, with only police deployed to maintain order, and troops withdrawn, "then the problem becomes very simple."December 14 - According to the Japan Meteorological Agency, a magnitude 4.9 earthquake struck off the coast of the Noto Peninsula, Japan, at approximately 11:26 PM local time on December 14, with a depth of 10 kilometers. There is no risk of a tsunami.

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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