Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
Coinbase is seeking documentation from the Federal Deposit Insurance Corporation (FDIC) on whether banking regulators have privately prohibited depository institutions from holding digital assets. The first request involves documents detailing digital asset holdings caps or limits allegedly imposed by the Federal Deposit Insurance Corporation (FDIC) on U.S. depository institutions. The application was filed through the Freedom of Information Act (FOIA).
On October 8th, the class A share bank stocks collectively rose sharply, and many individual stocks once rose by the limit. Although the increase in the afternoon fell with the broader market, the plate successfully got rid of the collective net situation, and China Merchants Bank took the lead in breaking the net "curse". Some local bankers told reporters that they have not yet learned about the relevant window guidance and its specific content, but the requirements for credit funds to be stric...
The North Carolina Legislature has passed a bill banning the state from implementing a central bank digital currency (CBDC) issued by the US Federal Reserve, and the Senate has overturned Governor Roy Cooper's veto power. The bill bans North Carolina from accepting CBDCs as a payment method and prohibits it from participating in future CBDC tests by "any branch of the Federal Reserve." On September 9, the Republican-dominated Senate passed the bill by a vote of 27 to 17, just above the 60 percen...
1. Six departments including the Ministry of Finance: It is strictly forbidden to borrow illegally and illegally for municipal infrastructure assets with no or insufficient income, and hidden debts shall not be increased. 2. Central Bank: In July 2024, the bond market issued a total of 6.63839 trillion yuan of various bonds. 3. Central Bank: As of the end of July 2024, the custody balance of foreign institutions in the Chinese bond market was 4.50 trillion yuan. 4. MLF shrinkage and parity renew...
On August 26th, the Ministry of Finance and other six departments formulated and issued the "Measures for the Administration of Municipal Infrastructure Assets (for Trial Implementation) ". The measures emphasize that municipal infrastructure assets invested and constructed by the government shall strictly perform the capital construction approval procedures in accordance with the law, implement the sources of funds, strengthen budget constraints, and prevent government debt risks. It is strictl...
Russia's possible ban on cryptocurrency mining in areas classified as "energy-poor" has hampered consensus on the approval of cryptocurrency mining regulations. The bill, expected to be passed in August, would give authorities the power to outlaw mining in those areas, depending on government considerations.