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Apple (AAPL.O) CEO Tim Cook: I have spoken with Trump about the Minnesota incident.January 28th – The State Council Information Office held a press conference this morning to introduce the high-quality development of state-owned enterprises (SOEs) and answer questions from reporters. A relevant official from the State-owned Assets Supervision and Administration Commission (SASAC) stated that over 70% of the revenue of central SOEs comes from sectors related to national security, the lifeline of the national economy, and peoples livelihoods. Strategic and professional restructuring and integration have been carried out in an orderly manner, with four new central SOEs established since 2023, resulting in continuous optimization of resource allocation.January 28th - The likelihood of a February rate hike by the Reserve Bank of Australia (RBA) is significantly increasing, with three of the countrys four major commercial banks now predicting a 25 basis point increase at the RBAs meeting on February 3rd. National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) have been consistently calling for a rate hike since December, while ANZ Bank shifted its forecast to tightening after todays inflation data release. Following stronger-than-expected increases in both headline and cut-off mean inflation, ANZ now expects the RBA to raise rates by 25 basis points next week. However, the bank views this as a one-off "insurance" rate hike rather than the start of a sustained tightening cycle, reflecting uncertainty about the pace of inflationary pressure easing in the second half of 2026. After the inflation data release, the expected probability of a 25 basis point rate hike rose from approximately 62% to approximately 73%, highlighting the markets growing confidence that the RBA can no longer remain inactive in the face of persistently above-target inflation and a still-tight labor market. With the three major banks reaching an agreement on raising interest rates in February, market focus is shifting from "whether they will act" to "how they will interpret the action"—whether it is a risk management measure to deal with persistent inflation or the first step in a new round of tightening.On January 28, the Supreme Peoples Court held a press conference to introduce the handling of intellectual property cases since the establishment of the Intellectual Property Court on January 1, 2019. According to the report, in the seven years since its establishment, the Intellectual Property Court has actively practiced the concept that "protecting intellectual property is protecting innovation," achieving significant results in incentivizing and safeguarding technological innovation, maintaining fair market competition, serving high-level opening-up, and deepening judicial reform. It accepted 24,602 cases and concluded 23,069. It has effectively strengthened protection, applying punitive damages in 58 cases, totaling 2.05 billion yuan in compensation, with an average of over 35 million yuan per case; and awarding high-value damages exceeding 10 million yuan in 73 cases, totaling 5.24 billion yuan in compensation, with an average of nearly 72 million yuan per case.January 28th – The State Council Information Office held a press conference this morning, where relevant officials from the State-owned Assets Supervision and Administration Commission (SASAC) introduced the overall achievements and highlights of the high-quality development of state-owned enterprises (SOEs) during the 14th Five-Year Plan period. During this period, the total assets of central SOEs successively surpassed the thresholds of 70 trillion yuan, 80 trillion yuan, and 90 trillion yuan, with an average annual growth rate of 6.9%; their added value reached 51.3 trillion yuan, a 44.6% increase compared to the 13th Five-Year Plan period; and their total profits reached 12.7 trillion yuan, a 56.2% increase compared to the 13th Five-Year Plan period.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.

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