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On January 7th, former French Prime Minister Dominique de Villepin stated that any US attack on Greenland would cross a red line for Europe. This followed the White Houses declaration that President Donald Trump did not rule out the possibility of using force to seize the semi-autonomous Danish territory. He added that any US aggression would be "unprecedented," as it would be tantamount to the most powerful nation within NATO attacking another member of the military alliance. Danish Prime Minister Mette Frederiksen stated earlier this week that a Trump attack on Greenland would mean the end of NATO. Trump has long argued that the US must control Greenland to ensure its own security.On January 7th, S&P Global Market Intelligence economist Diego Iscaro stated in a report that the Eurozones December inflation data is unlikely to change the European Central Banks (ECB) established policy. The inflation rate fell to 2.0% from 2.1% in November, reaching the ECBs target. He noted, "We still expect the ECB to keep interest rates unchanged for the foreseeable future." Iscaro explained that this is especially true given that the services sector inflation rate remains high at 3.4%, and January data will be released before next months meeting. He believes, "Lower inflation is good news for Eurozone households, although its positive impact may be limited by slower wage growth."January 7th - Bets on artificial intelligence companies have dominated the U.S. stock market over the past three years, driving a 78% gain. Now, a growing number of investors are betting that this rally, led by the "Big Seven" tech giants, is coming to an end. "I call it AI fatigue," said Ed Yardeni, president and chief investment strategist at Yardeni Research. "Im tired of it, and I suspect a lot of others are cautious about the whole thing." This shift, though subtle, has been ongoing since the S&P 500 hit a record high in late October, triggering a sell-off in November. Bloombergs Big Seven index has fallen 2% from October 29th to Mondays close, while the S&P 493 has risen 1.8%. Doug Peta, chief U.S. investment strategist at BCA Research, believes the AI trade still has room to rise, despite concerns about unsustainable capital expenditures and overvaluation. Meanwhile, AI investors are becoming more discerning. The once-common trading pattern of rising prices for anything even remotely related to AI has fractured, with former AI darlings like Oracle suffering heavy losses.January 7th - Ghanas annual inflation rate has slowed to its lowest level since 2002, giving the countrys central bank room to cut interest rates again at its meeting later this month. As the worlds second-largest cocoa producer and Africas largest gold producer, Ghanas easing inflationary pressures are attributed to the strengthening of the cedivia driven by rising gold prices. Price increases have fallen sharply from 23.5% at the beginning of 2025 and returned to the central banks target range of 6% to 10% in September. The Central Bank of Ghana predicts that price pressures will continue to ease in 2026, strengthening market expectations for a fourth consecutive interest rate cut from the current 18% level on January 28th.On January 7th, Zhenxin Technology announced that, according to a notice issued by the Military Procurement Network on January 6th, 2026, the Joint Staff Department of the Western Theater Command, in accordance with relevant regulations on military supplier management, has decided to ban Chengdu Guoxing Communication Co., Ltd., a subsidiary of Chengdu Zhenxin Technology Co., Ltd., from participating in material and engineering service procurement activities within the Western Theater Command for three years, effective January 6th, 2026. An investigation confirmed that Guoxing Communication engaged in bid rigging and other irregularities in the procurement activity for project number 2020-ZCWDDK-W1002. Currently, the company and its subsidiarys overall production and operation activities are normal. During the ban period, Guoxing Communication cannot participate in material and engineering service procurement activities within the Western Theater Command (headquarters and directly affiliated units). It is expected that this decision will not have a significant impact on the company and its subsidiarys production and operation at present.

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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