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On April 18, it was learned from the Ministry of Public Security that on April 17, eight departments—the State Taxation Administration, the Ministry of Public Security, the Supreme Peoples Court, the Supreme Peoples Procuratorate, the Peoples Bank of China, the General Administration of Customs, the State Administration for Market Regulation, and the State Administration of Foreign Exchange—held a national meeting in Beijing on April 16 to promote the normalized joint crackdown on tax-related crimes. The meeting discussed and deployed key tasks for the next stage, focusing on promoting the normalized joint crackdown mechanism on tax-related crimes to play a greater role, effectively safeguarding a fair and law-based economic and tax order, and better serving high-quality development. The meeting emphasized that all departments should strengthen the construction of a full-chain, integrated crackdown mechanism from administrative law enforcement to criminal justice; deepen multi-departmental data sharing, information exchange, joint analysis, and coordinated crackdowns; intensify efforts to combat tax-related crimes such as invoice violations, export tax fraud, and fraudulent tax benefits; strengthen case-based tax education and legal interpretation; continuously strengthen warnings and deterrence; and continuously improve the effectiveness of joint punishment, further creating a new situation in the joint crackdown on tax-related crimes by the eight departments.On April 18, Turkish Foreign Minister Fedan stated that Israel uses security as a pretext to seize more land, but true peace requires an end to the use of force against other countries. AFP reported that Fedan, speaking at the Antalya Diplomatic Forum in Turkey, said, "Israel is not pursuing its own security, but more land. The Netanyahu government is using security as a pretext to occupy more land." "Israel has created a false impression internationally, claiming it is acting for its own security. But the facts are very clear, especially in recent years… its aims go far beyond that," Fedan said.U.S. Central Command: Since the blockade began, 23 ships have turned back at the direction of the U.S. military.German Finance Minister: Structural reforms are a certainty.German Finance Minister: Germany has indicated its willingness to cooperate with the Global South on the issue of UN Security Council reform.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.