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Kaisa Capital (00936.HK) once rose by more than 50% in the morning session, but the increase has now fallen back to 33%. It closed up 174% on the previous trading day. On the news front, the company is undergoing strategic transformation and is developing a real-world asset (RWA) tokenization business layout.The main contract of the Container Shipping Index (European line) fell 50.4 points during the day and is now at 1067.2 points, a drop of 4.51%.On September 19th, local time, US President Trump, while meeting with British Prime Minister Starmer at Chequers, the British Prime Ministers country residence, stated that the US is attempting to reclaim Bagram Air Base in Afghanistan. At a press conference, Trump criticized the previous US administrations decision and actions regarding the withdrawal of US troops from Afghanistan. He said, "We are working hard to get it back."On September 19th, market analyst Haruya Ida reported that Japans core CPI rose 2.7% year-on-year in August, a significant decline from July but still well above the Bank of Japans 2% target. Overall CPI also reached 2.7% in August, with the core CPI excluding fresh food and energy remaining at a high 3.3%. Fluctuations in fresh food and energy prices are driving inflation, and the Bank of Japan should be far from complacent about inflation. The latest inflation data is not expected to impact todays Bank of Japan decision, with interest rates likely to remain unchanged. However, the central bank will remain vigilant, with a possible rate hike in October or December. Todays focus will be on the Bank of Japans policy announcement and a press conference by Bank of Japan Governor Kazuo Ueda.Goldman Sachs: The Bank of England is expected to announce the next interest rate cut in February, followed by quarterly rate cuts, reaching a terminal rate of 3% by the end of 2026.

UK Government: Cryptoassets Could Be Seized to Stop Crime

Cameron Murphy

Apr 28, 2022 09:42


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The British government suggested on Thursday that crypto assets might be confiscated to help battle economic crime, but the plan fell short of the drastic change demanded by legislators, who want an unified crime-fighting agency.


Scams involving banking and the internet have increased dramatically in the United Kingdom, especially after the COVID-19 outbreak.


In response to a parliamentary investigation into economic crime, the administration said that it would introduce laws to allow cryptoassets to be confiscated and recovered more rapidly as soon as legislative time permits.


"In particular, (we propose) the development of a civil forfeiture authority to limit the danger presented by people who cannot be punished but use their wealth to continue crime," the government told the Treasury Select Committee in parliament.


The panel proposed creating a single organization to combat economic crime to replace a "bewildering" multitude of institutions, but the administration insisted that its multi-agency system was the best.


"It allows us to discriminate between various sorts of criminality," the government stated, adding that public-sector fraud required a different reaction than schemes perpetrated by individuals or corporations.


In a statement, TSC Chair Mel Stride stated, "This might be a big squandered opportunity."


The government has already endorsed a suggestion that requires internet platforms like as Google and Facebook to take aggressive steps to combat fraudulent financial product advertising, but the law will take time to adopt and execute.


"Now is the time for online platforms to step up and take down these fake ads," Stride added.


Google has already pledged to only accept financial advertisements from organizations that are authorized by the Financial Conduct Authority, and Facebook owner Meta is expected to follow suit later this year.


The investigation advised that internet platforms be required to assist clients who have been scammed, a measure that the government is considering.


"We're working together with technology firms, law enforcement, and civil society partners to investigate all options for assisting victims of online fraud and mitigating the damage they've suffered," the government stated.

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