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The Israeli military stated that it has identified missiles launched from Iran toward Israel, and its defense systems are operational to intercept the threat.On April 1st, CICC issued a report stating that Zhipu (02513.HK)s revenue in 2025 reached RMB 724 million, a year-on-year increase of 132%, with an adjusted net loss of RMB 3.18 billion. The 2025 results met the banks and market expectations. The company disclosed that as of March 2026, its MaaS API ARR had reached RMB 1.7 billion, a 60-fold year-on-year increase. Due to improved model intelligence and increased downstream demand, the API ARR growth in 2026 significantly exceeded the banks and market expectations. CICC maintained its "Outperform" rating on Zhipu. Given the companys much higher-than-expected ARR, and considering adjustments to earnings forecasts and valuation levels, CICC raised its target price by 13% to HKD 900, equivalent to a projected 2027 price-to-sales ratio of 50 times.On April 1st, it was reported that on March 31st, the Shanghai Municipal Science and Technology Commission and the China-EU Chamber of Commerce jointly organized a roundtable exchange meeting on serving foreign-invested R&D institutions in Shanghai. Representatives from the China-EU Chamber of Commerce, Novartis, bioMérieux, Siemens Healthineers, DSM-Firmware, GlaxoSmithKline, and Novo Nordisk, as well as relevant personnel from the Shanghai Municipal Science and Technology Commission and the Shanghai Science and Technology Exchange Center attended the meeting. The Shanghai Municipal Science and Technology Commission responded to the opinions and suggestions of the companies, stating that it will further strengthen communication and resource sharing with foreign-invested R&D institutions, provide full policy support, enhance innovation collaboration, optimize the innovation ecosystem, and contribute to the high-quality development of Shanghais biopharmaceutical industry.The Israeli military said it had completed a large-scale airstrike against Iran.According to Zhiji Auto, in March, Zhiji Auto sold 7,187 vehicles, and its sales in the first quarter increased by 97% year-on-year.

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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