Luo Zhuojian, a member of the National Committee of the Chinese People's Political Consultative Conference and a consulting expert of the Ministry of Finance, issued a document calling for the active development of stablecoins to protect the advantages of Hong Kong's financial center. He pointed out that Hong Kong can cooperate with Financial Institution Groups in other regions in the application of stablecoins to explore its potential in international settlement and cross-border application mod...
At the Emergence conference hosted by The Block, experts discussed the impending "renaissance" of the stablecoin industry. Regional stablecoins will rise rapidly with the implementation of the European Crypto Asset Market Regulatory Framework (MiCA) and the assumption of pro-crypto politicians in the United States. Vishal Gupta, a former Circle executive, pointed out that the stablecoin market will shift from a dollar-dominated landscape to diversified development, such as stablecoins backing th...
On November 5th, with the US election approaching, many experts believe that the probability of Trump's election will increase. According to analysts, if Trump is re-elected, it may bring favorable policies and further promote the upside potential of the cryptocurrency market, especially SOL. SOL has attracted the attention of investors because of its high efficiency, security, low cost and other characteristics, and is regarded as an important project in the blockchain field. A senior market an...
On October 22, two ETF experts said that if Democratic presidential candidate Harris wins the November election, the XRP and SOL ETF applications may not be conclusive. Eric Balchunas, senior ETF analyst at Bloomberg, said: "If Harris wins, it doesn't matter who the issuer is, it won't get approved." Some industry experts believe that when asset management giant BlackRock joins the race to launch bitcoin and ethereum ETFs, it significantly increases the SEC's approval...
On October 20, the delegates put forward specific suggestions on the next step of comprehensively deepening the reform of capital markets, including further enhancing the inclusiveness, adaptability and accuracy of the capital markets system, opening up the "last mile" of system implementation, and promoting more high-quality technology enterprises to issue and list, M & A and other cases; coordinating and promoting the reform of the financing side and the investment side, gradually realizing th...
According to CCTV, Li Qiang presided over a symposium of economic experts and entrepreneurs.
The "Technology Crime Police Advisory Group", composed of the Hong Kong Police Force and 12 experts and leaders from the technology sector, held its sixth meeting to discuss the dangers and opportunities brought about by Web3. The group believes that Hong Kong has been actively promoting the application of Web 3 and blockchain technology in recent years, but has paid little attention to the technology.
At the sixth meeting of the "Technology Crime Police Advisory Group", which is composed of the Hong Kong Police Force and 12 experts and leaders from the technology sector, Luo Zhensheng, the head of HashKey compliance, briefed the members of the group...
On September 5th, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, said at the press conference of the State Information Office that the effect of the RRR cut at the beginning of the year is still emerging. At present, the average statutory deposit reserve ratio of Financial Institution Group is about 7%, and there is still some room. Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that considering that in the previous RRR cuts, some legal person F...
On August 23rd, the responsible comrades of the Finance Department of the Ministry of Commerce chaired a meeting to listen to the opinions and suggestions of the industry and experts and scholars on raising the import tariffs of large-displacement fuel vehicles. Representatives of relevant industry organizations, research institutions and automobile companies attended the meeting.
Industry experts say Indian Finance Minister Nirmala Sitharaman will unveil the full budget for 2024-2025 on Tuesday, but the country is unlikely to change its controversial tax deduction (TDS) for crypto transactions. Punit Agarwal, founder of cryptocurrency tax platform KoinX, said, I don't expect India to reduce its TDS by 1% anytime soon, although it is necessary. The current tax rate has led to capital outflows to international exchanges and DEXs, ultimately costing the government....
On June 25, industry experts said that Coinbase could face regulatory challenges in complying with new U.S. Financial Accounting Standards Board (FASB) accounting standards. It is reported that the standard changes the accounting and disclosure of cryptocurrencies from a low-cost impairment model to a fair value model. The rules were agreed by the FASB in 2023 and will go into effect in 2025. However, companies are allowed to adopt the standards early, and some, including Coinbase, already follo...
1. The United States imposed tariffs, and experts said: It will not affect the Chinese car to the world. 2. Xinhua News Agency: Increase taxes on Chinese electric vehicles, and US protectionism will hurt itself. 3. Xiaomi completed the delivery of 10,000 SU7 vehicles, Lei Jun: to ensure the delivery of 100,000 units this year. 4. BYD staff responded to electric shock rumors: Preliminary exclusion of vehicle leakage caused the owner to get sick. 5. XPeng Motors: XNGP urban smart driving has compl...
Reuters poll: 76% of economists surveyed said Japan would intervene to prevent the yen from weakening further against the dollar to 155. 34% of economists believe the Bank of Japan will raise interest rates again in the third quarter of this year; 31% expect interest rates to be cut in the fourth quarter.