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Hong Kong Yaocai Securities Finance (01428.HK) rose more than 5% in the short term. On the news, the Hong Kong Securities Supervision Commission approved the acquisition of Hong Kong Yaocai by Ant, which is still pending the approval of the National Development and Reform Commission.
An official in Israeli Prime Minister Benjamin Netanyahu's office said the Gaza cease-fire would come into force after being approved by the government tonight.
1. The Standing Committee of the National People's Congress deliberated and approved the "Action Plan for Improving the Power Battery Recycling and Utilization System of New Energy Vehicles". 2. Shanghai: Promote the large-scale application of AI in vertical fields, focusing on the formation of application scenarios in areas such as autonomous driving. 3. SAIC and Huawei signed an in-depth cooperation agreement in Shanghai. 4. Musk participated in the debut of flying car Alef: road driving + ver...
The Securities Exchange Commission (SEC) has approved a stablecoin application with interest for the first time. The stablecoin, called YLDS, was developed by digital asset firm Figure Markets and will be pegged to the U.S. dollar, similar to cash in a savings account. While other major stablecoins such as USDC and USDT remain in a regulatory gray area, YLDS will be officially registered with the SEC as a security, Figure CEO Mike Cagney told Fortune, putting YLDS in the same financial category ...
In order to implement the relevant agreements approved by the State Council, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Opening of Bank Card Business by Mainland Branches of Hong Kong and Macao Banks" (hereinafter referred to as the "Notice"), which will come into effect on March 1, 2025. The "Notice" clarifies the relevant matters involved in the opening of bank card business by mainland branches of Hong Kong and Macao Banks. First, i...
The Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil, HASHDEX NASDAQ XRP FUNDO DENDICE. The fund is currently in the pre-operational stage and is managed by Genial Investimentos. The official IPO time has not been announced.
Japan's Financial Services Agency on February 19 approved the Financial Review Council's working group report on the fund settlement system. After seven rounds of discussions, the report proposes a new regulatory framework for cryptoasset exchanges and stablecoins. The report recommends that relevant provisions of the Financial Commodities Exchange Law be incorporated into the Fund Settlement Law to strengthen the protection of users in the event of an exchange bankruptcy. At the same time, it p...
Howard Lutnick, a proponent of cryptocurrencies, has been confirmed by the Senate as US Secretary of Commerce. It is reported that he has hundreds of millions of dollars in risk exposure on bitcoin.
The Utah Blockchain and Digital Innovation Amendment has been sent to the Senate for approval. If passed, it would allow the state to invest 10 percent of state funds in bitcoin and other digital assets. Utah remains ahead in the state reserve bill race, followed by Arizona and Oklahoma.
