• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 30, Bright Smart Securities & Financial Holdings Limited (01428.HK) announced on the Hong Kong Stock Exchange that the offeror and the company announced that the completion of the share purchase agreement was finalized on March 30, 2026, in accordance with the terms and conditions of the agreement. Under the share purchase agreement, the offeror acquired the sale shares (i.e., 857,980,000 shares, representing approximately 50.55% of the total issued shares as of the date of this announcement and all of the sellers shareholding in the company immediately prior to completion) from the seller for a total cash consideration of HK$2,814,174,400. Upon completion, the offeror is required to make an unconditional mandatory cash offer for all issued shares (excluding shares already owned or agreed to be acquired by the offeror and its parties acting in concert).On March 30, in response to concerns raised by Europe and other countries regarding rising fuel prices and increased shipping costs in the Gulf, Iranian Foreign Ministry spokesman Baghae stated that Iran is not responsible for the current situation and does not want people in other countries to suffer pressure due to rising fuel or food prices. Baghae also stated that Iran is currently managing the passage of vessels that are not hostile, while ensuring security. In the past few days, some vessels have passed through the Strait of Hormuz after coordinating with relevant Iranian authorities.March 30th - Germanys inflation accelerated significantly in March, according to the German Federal Statistical Office on Monday, following the surge in energy costs caused by the conflict with Iran. This reinforces expectations that the European Central Bank (ECB) may need to raise interest rates. Germanys harmonized CPI rose 2.8% year-on-year in March, up from 2% in February, reaching its highest level in over a year. Regional reports showed that heating oil and fuel were the main drivers. As the Middle East conflict enters its fifth week, the impact of rising oil and gas costs is gradually being reflected in European prices and consumer expectations for the inflation outlook. Although ECB President Christine Lagarde pledged to act swiftly and decisively if necessary, officials indicated that they would not rush into action after assessing the full impact. Money markets expect a rapid policy response and favor raising interest rates at the April meeting, with up to three rate hikes possible throughout the year.The Russian Federal Security Service (FSB) has discovered stockpiles of chemical and biological weapons in parts of Donetsk liberated from the Ukrainian armed forces.On March 30th, it was reported that the Peoples Bank of China (PBOC) held its 2026 Research (Advisory) Work Conference on March 24th. The conference noted that in 2025, the PBOCs research (advisory) department focused on planning and researching important reforms for the PBOC, conducted high-quality research and compilation of the 15th Five-Year Plan, dynamically evaluated and improved key tasks related to the construction of the "six core elements," and accelerated the construction of Shanghai as an international financial center. Positive results were achieved in strengthening macroeconomic analysis, improving the green finance system, promoting regional financial reform and development, and leveraging the advisory role. The conference required that in 2026, research (advisory) work should deeply understand the new situation, new tasks, and new requirements facing financial research during the 15th Five-Year Plan period, scientifically grasp research methodology, effectively carry out work related to the 15th Five-Year Plan, deepen research on major regularities and emerging issues, coordinate the promotion of regional financial reform and financial support for regional coordinated development, fully leverage the role of advisors and financial research in assisting the PBOCs work, and transform research results into practical measures to promote high-quality financial development.

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.