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September 6th - This year, AI short dramas have experienced explosive growth: lower technical barriers have led to a surge of practitioners, rapid capacity expansion, and a corresponding drop in production prices. The price per minute for producing AI short dramas has plummeted from 5,000 yuan to a few hundred yuan, nearing cost; however, customized short drama services can still fetch 10,000-20,000 yuan per minute. As production skills are no longer scarce, competition in the AI short drama industry is shifting from quantity and price to content and market share. Data shows that the domestic AI drama and animation market is expected to exceed 40 billion yuan by 2026, a year-on-year growth rate of 138%. The overseas market is also performing exceptionally well, with its size projected to surpass 4 billion US dollars, accounting for nearly 70% of the overall overseas micro-drama market.On September 6th, local time, the European Commission held a press conference on September 4th. A reporter asked how the EU would evaluate Israeli National Security Minister Ben-Gevills plan to expel 1.86 million Palestinians from the Gaza Strip. European Commission spokesperson Christian Wigand stated that the EU opposes any attempt to change the demographic structure or territorial status of the Gaza Strip, and that Gaza residents should not be forcibly displaced. Wigand also stated that the Gaza Strip is an integral part of the future Palestinian state.September 6th - According to reports from the scene of the mudslide disaster in Gaoping Town, Suichuan County, Jian City, Jiangxi Province, as of now, the mudslide and landslide disaster in Mingkeng Village, Gaoping Town has resulted in 3 deaths and 9 people missing.On September 6th, it was reported that on September 5th, the Haikou Municipal Housing and Urban-Rural Development Bureau issued a "Notice on Several Measures to Promote the Stable and Healthy Development of the Real Estate Market." The notice clarifies that individuals who have settled in Hainan will enjoy the same housing purchase rights as Hainan residents from the date of their settlement. Active-duty military personnel (including officers, non-commissioned officers, and conscripts) serving in Hainan will also enjoy the same housing purchase rights as Hainan residents. Employees of companies registered in Hainan who actually work and live in Hainan can purchase one unit of commercial housing in Haikou. Families with two or more children can purchase one additional unit beyond the current policy limit. The notice also encourages "trade-in" to meet the demand for improved housing. Anyone listing their own or a family members housing in Hainan for sale can exchange it for one unit of commercial housing in Haikou.September 6th - According to Shijiazhuang Release, Hebei Provinces first EU Next Generation (NG) certification was recently awarded to Shenze Economic Development Zone, marking a milestone breakthrough for the zone in its opening-up and green, low-carbon development. NG certification effectively addresses trade barriers imposed by the EUs Carbon Border Adjustment Mechanism (CBAM). All eligible market entities within the Shenze Economic Development Zone can now align with international rules such as the EU Radio Equipment Directive and the Corporate Sustainability Reporting Directive, enhancing the voice and core competitiveness of resident enterprises in the international market and facilitating Shenzes deep participation in the global green and low-carbon industrial chain.

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.