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On January 27th, the China Securities Regulatory Commission (CSRC) issued its first penalty of the year, directly targeting market manipulation. The penalty, fining Yu Han, an individual, over 1 billion yuan for manipulating the stock price of "Dr. Glasses." Meanwhile, the Zhejiang Securities Regulatory Bureau launched an investigation into Sunflowers restructuring plan for suspected misleading statements; and the Shenzhen Stock Exchange placed *ST Lifang and *ST Changyao under close monitoring due to suspected falsification of financial data. This series of recent regulatory cases demonstrates the regulatory authorities firm stance of "zero tolerance" for market violations and sends a clear signal of strengthening transaction supervision, maintaining market fairness, and preventing drastic fluctuations. From administrative penalties to criminal prosecution, from precise strikes to platform co-governance, the regulatory authorities are building a multi-dimensional and comprehensive regulatory network, striving to create a long-term governance pattern where "violations are not dared, cannot, and do not want to violate," thereby promoting the continuous purification of the market ecosystem through improved regulatory effectiveness.Starbucks (SBUX.O) CEO Brian Niccols total compensation is estimated at $31 million by 2025.U.S. Homeland Security Secretary Noem is expected to testify before a Senate committee in March.US President Trump: I hereby announce that tariffs on South Korean automobiles, timber, pharmaceuticals, and all other reciprocal tariffs will be increased from 15% to 25%.Supermicro Computer (SMCI.O) intends to increase the scale of its facility expansion to $2 billion.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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