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On March 7, Sha Yan, a deputy to the National Peoples Congress and chairman of the Shenzhen Stock Exchange (SZSE), stated at a group deliberation meeting of the Guangdong delegation that the China Securities Regulatory Commission (CSRC) regards the reform of the ChiNext board as an important measure to promote capital market reform this year. The SZSE is making intensive preparations in accordance with the unified deployment of the CSRC. In the next step, the SZSE will implement the requirements of prioritizing quality and proceeding in an orderly manner, so as to better play its role in serving the high-quality development of the real economy.On March 7th, at a press conference focusing on peoples livelihood, Minister of Human Resources and Social Security Wang Xiaoping stated that the Ministry will continuously improve the salary and social security system, deepen and expand the "one-stop service" for employee recruitment, entrepreneurship, and retirement, vigorously promote the "one-card-for-all" social security card service for residents, and rationally plan the "15-minute" employment and training service circles. Through these concrete measures, the Ministry will strive to provide tangible and accessible services to the people.On March 7th, Meituan announced the launch of OpenClaw remote deployment service in partnership with Lenovos IT service brand, Lenovo Baiying, offering a one-stop remote deployment solution to users nationwide. According to Meituan data, searches related to "OpenClaw" have increased more than threefold month-over-month.U.S. Geological Survey: A 4.1-magnitude earthquake struck west of Bandar Abbas, Iran.On March 7, Sun Yeli, Minister of Culture and Tourism, introduced that my country is vigorously promoting the facilitation of inbound payments. By 2025, inbound tourists will spend approximately 80 billion yuan using mobile payments.

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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