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On October 12, the German emergency rescue department said on the 11th that a tanker caught fire on the coast of the Mecklenburg Bay in the Baltic Sea in northern Germany that day, and all seven crew members had been rescued. According to local media reports, witnesses said that they heard a loud noise at around 9:15 a.m. local time, and soon saw black smoke coming out of the tanker. The report said that the tanker was flying the German flag and carrying about 640 tons of oil, which was used to provide fuel for other ships at sea. The rescue department said that night that the fire had been "basically under control."On October 12, the World Gold Council issued a statement saying that the global central banks gold demand slowed down in August 2024, with a net purchase of about 8 tons of gold. Although the overall global central bank gold demand has fallen from its high point in early 2024, it still maintains a positive growth trend. According to the World Gold Council, in August this year, only four central banks increased their gold reserves, namely the central banks of Poland, the Czech Republic, Turkey and India. So far in 2024, the Central Bank of Turkey has become the largest official net buyer of gold, with a total net increase of 52 tons of gold, accounting for about 35% of its total foreign exchange reserves; central banks in emerging economies accounted for 70% of the global central banks net purchases, of which the Central Bank of Turkey accounted for 25% of the global net gold purchases. Analysts at the World Gold Council said that although the performance of gold prices is not the primary strategic driver for global central banks to buy gold, its continued upward trend may affect the global central banks gold purchases. But it is worth noting that the amount of gold sold has not increased, which may indicate a potential wait-and-see attitude of global central banks rather than a change in trend.On October 12, the National Development and Reform Commission publicly solicited opinions on the "Interim Measures for the Registration and Administration of Public Data Resources (Draft for Public Comments)". The National Bureau of Statistics will strengthen the registration and administration of public data resources, promote the standardization of registration services, and establish and improve the public data resource directory based on registration information and government data directories. Build a national public data resource registration platform, connect with provincial public data resource registration platforms, and promote the interconnection of registration information. Implement "one certificate, one code" for electronic certificates nationwide to support the query and sharing of registration information.On October 12, the heads of relevant departments of the State Financial Supervision and Administration Bureau answered questions from reporters on the "Management Measures for Syndicated Loan Business". The key revisions to the "Measures" include: First, clarifying the regulatory orientation, requiring banks to better support the development of the real economy when conducting syndicated loan business, and effectively prevent and resolve risks. Second, enriching the syndicated organization model, optimizing the distribution ratio and secondary market transfer rules, and improving the convenience of conducting syndicated loan business. Third, standardizing the principles and methods of syndicated charges, and further improving the syndicated pricing mechanism. Fourth, more systematic requirements are put forward for the management of syndicated loans. In addition, this revision changed the "guidelines" to "measures" and added relevant content such as supervision and management.The State Financial Supervision and Administration Bureau issued the Management Measures for Syndicated Loan Business.

Santander to block UK transfers to crypto exchanges in 2023

Skylar Shaw

Nov 07, 2022 15:09

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As part of steps to safeguard clients against frauds, Santander will prohibit UK customers from transmitting real-time payments to cryptocurrency exchanges starting in 2019.


The bank will implement a restriction on all real-time payments made to cryptocurrency exchanges via telephone banking, in-branch payments, as well as internet and mobile banking, at some undisclosed point in 2023.


The bank will join other UK retail banks in restricting client transfers to cryptocurrency exchanges as of November 15 of this year. For transfers to cryptocurrency exchanges made via mobile and online banking, Santander users will be subject to limitations of 1,000 pounds ($1,123) per transaction and 3,000 pounds overall in any rolling 30-day period.


Customers' accounts will still be able to accept payments from cryptocurrency exchanges.


Regulators have issued warnings about the dangers of fraud and scams in the mostly unregulated realm of cryptocurrency trading.


According to a note on its website, Santander has seen a "significant surge" in UK clients falling prey to cryptocurrency theft in recent months.


A Santander representative said that protecting their clients from bitcoin frauds was one of their top priorities.


"We want to further safeguard clients by preventing any quicker payments from Santander accounts that we detect to cryptocurrency exchanges starting in 2023."


The technology known as Faster Payments enables real-time bank transfers for the majority of UK bank accounts. Faster Payments' parent company, Pay UK, said in an email that it was "working with authorities and the payments sector to design and implement greater protection for victims of fraud."

Santander said that it will keep preventing any payments to the cryptocurrency exchange Binance.


This policy was implemented in July 2021 in response to a warning from the British financial authority over the exchange.


A request for comment from Binance did not immediately get a response.


The daily amount of money that users may transmit to bitcoin exchanges was restricted by the British Natwest Group last year.