The UK government has launched consultations to explore the possibility of a nationwide ban to prevent operators of critical national infrastructure from succumbing to the demands of ransomware cybercriminals. In a proposal dated January 14, the Home Office proposed a "targeted ban" on ransomware payments to all public sector bodies and critical national infrastructure, such as energy, health services and local councils, expanding an existing ban on government departments.
The Australian Securities and Investments Commission (ASIC) has published a consultation paper proposing to update its regulatory guidance on digital assets, with a focus on compliance requirements under the Companies Act. Amendments to Information Sheet 225 (INFO 225) include 13 working examples designed to clarify when digital assets qualify as financial products, such as stablecoins, packaging tokens, and staking services. In these examples, ASIC outlines transactions involving...
Ministry of Commerce: On November 2-7, the China-EU technical team held 5 rounds of consultations in Beijing, and had in-depth exchanges on the specific content of the European Union's price commitment plan for China's electric vehicle anti-subsidy case, and made some progress. The two sides agreed to continue consultations by video or other means.
On October 17, the Ministry of Commerce held a press conference on the afternoon of the 17th, and the spokesperson of the Ministry of Commerce responded to the China-EU tariff negotiation process: So far, China has shown the greatest sincerity and flexibility, and the two sides have made important progress in some areas. However, due to the fact that the European side has not actively responded to the core concerns of the Chinese and European industries, there are still major differences in the ...
On October 9th, according to people familiar with the matter, China, the United States and the European Union have recently conducted intensive communication on trade issues such as electric vehicles. After the representatives of European Union member states voted to approve the final draft of the European Union's electric vehicle anti-subsidy case on October 4th, the China-EU working team will continue to negotiate.
In response to the public consultation launched by the Chief Executive of Hong Kong on this year's Policy Address, Tsang Yu-cheng, Director of the Hong Kong Federation of Securities and Futures Professionals, put forward several suggestions on the securities industry to the Chief Executive. He pointed out that with the rapid development of the virtual asset market, it is particularly important to establish a unified regulatory body to improve the supervision efficiency of virtual assets. A unifi...
The Hong Kong government held the first regional consultation meeting on the "Policy Address" in Tai Po today. Li Jiachao attended, and some members of the public suggested that the government set up a department to regulate virtual assets to coordinate the current supervision work of different departments. Li Jiachao said at the conclusion of the consultation meeting that the economy of Hong Kong will grow by about 2.5% to 3% this year, and it is assessed that the economic growth next year will...
Chan Chi-wah, President of the Hong Kong Securities and Futures Association, wrote an article "Challenges and Prospects of Virtual Asset Platform Licensing in Hong Kong", pointing out that mainland laws strictly prohibit foreign institutions from providing virtual currency transactions and services to China. If the Hong Kong Securities Supervision Commission requires the virtual asset platform applying for a license, the actual controller or parent company cannot violate mainland laws, which...