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BCH $299.86 -10.20%
LINK $8.98 -1.54%
HYPE $61.52 +6.58%
AAVE $80.68 -2.99%
SUI $0.9284 -3.24%
XLM $0.2020 +23.21%
ZEC $544.79 +0.54%

regions

Changqiao Securities: Actively responding to regulatory guidelines from both regions, will steadily advance compliance work

According to e Company, Changqiao Securities has further clarified the recent regulatory matters regarding cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission, along with other mainland regulatory departments, have recently issued the latest regulatory requirements for cross-border securities business, establishing unified industry standards for services aimed at mainland investors.These regulatory rules apply to all foreign financial institutions. Changqiao actively responds to the regulatory guidelines from both regions and will steadily advance compliance work in strict accordance with the relevant requirements. Changqiao Securities indicated that the scope of accounts targeted by this regulatory requirement is limited and clearly defined, mainly focusing on two types of accounts: first, investment accounts opened using suspicious or forged documents; second, investment accounts with zero balances. Customer accounts that are opened in compliance, with real assets and holdings, are not included in this cleanup. Changqiao firmly supports the regulatory attitude of zero tolerance towards fraudulent account opening behaviors and will handle matters strictly according to regulatory requirements.

Hong Kong and 9 other regions have cracked down on cross-border fraud and money laundering, arresting over 3,000 people, with some of the illicit funds converted into stablecoins

According to a news release from the Hong Kong Special Administrative Region, the Hong Kong police announced that they have joined law enforcement agencies from 9 countries and regions, including Singapore, South Korea, and Thailand, to combat cross-border fraud and money laundering activities. This operation took place from March 10 to May 7, resulting in the arrest of 3,018 individuals, involving over 138,000 fraud cases, with total losses of approximately $752 million (about HKD 5.89 billion).During the operation, law enforcement agencies froze a total of 101,989 bank accounts and successfully intercepted approximately $161 million (about HKD 1.26 billion) in fraudulent funds. Among them, the Hong Kong police arrested 870 individuals and intercepted approximately HKD 539 million in funds. The largest case involved a Singapore company that was defrauded of $36 million (about HKD 280 million), with the related funds subsequently flowing into multiple bank accounts in Hong Kong and other regions. About half of this amount was converted into stablecoins and dispersed into different virtual asset wallets, with the police successfully freezing $20 million of these funds after tracking.Investigations show that money laundering through virtual asset platforms is on the rise, and various regions need to continue enhancing their capabilities to respond to crimes involving virtual assets through intelligence sharing and collaborative mechanisms.

The State Council approved the implementation plan for the pilot program of comprehensive reform for the market-oriented allocation of factors in some regions across the country, intending to explore blockchain green asset trading in the southern Jiangsu region

ChainCatcher news, the State Council approved the implementation plan for the pilot comprehensive reform of factor market-oriented allocation in some regions across the country, which includes:The implementation plan for the pilot comprehensive reform of factor market-oriented allocation in key cities in Southern Jiangsu points out the promotion of green finance reform and innovation experiments, exploring blockchain-based green asset trading, and encouraging the development of green financial products;The implementation plan for the pilot comprehensive reform of factor market-oriented allocation in Hangzhou, Ningbo, and Wenzhou indicates the encouragement of using new technologies such as privacy computing and blockchain to promote the integration and deep development of public data and social data;The implementation plan for the pilot comprehensive reform of factor market-oriented allocation in the Hefei metropolitan area states the use of technologies such as blockchain, privacy computing, and quantum encryption to improve the efficiency of data circulation and transactions, ensure the security of data circulation, deeply promote social experiments in artificial intelligence, and explore innovative applications of blockchain;The implementation plan for the pilot comprehensive reform of factor market-oriented allocation in Zhengzhou emphasizes the use of data protection measures such as trusted identity authentication, data signatures, interface authentication, and data traceability, along with new technologies like blockchain, to strengthen the security protection of computing power resources and data resources;The implementation plan for the pilot comprehensive reform of factor market-oriented allocation in the Chang-Zhu-Tan area highlights the reliance on existing trading venues to carry out data trading, strengthen the innovation of underlying blockchain technology, cultivate the blockchain industry ecosystem, and explore the construction of a blockchain standard system.

The State Council issued a reply on the "Implementation Plan for the Pilot Comprehensive Reform of Factor Marketization in Some Regions of the Country," which repeatedly mentions the application of blockchain technology

ChainCatcher news, the State Council approved the implementation plan for the pilot reform of market-oriented allocation of factors in some regions across the country, which repeatedly mentions the application of blockchain technology. Among them: 1. The implementation plan for the pilot reform of market-oriented allocation of factors in key cities in Southern Jiangsu points out the promotion of green finance reform and innovation experiments, exploring blockchain-based green asset trading, and encouraging the development of green financial products; 2. The implementation plan for the pilot reform of market-oriented allocation of factors in Hangzhou, Ningbo, and Wenzhou indicates the encouragement of using new technologies such as privacy computing and blockchain to promote the integration and deep development of public and social data; 3. The implementation plan for the pilot reform of market-oriented allocation of factors in the Hefei metropolitan area points out the use of technologies such as blockchain, privacy computing, and quantum encryption to improve the efficiency of data circulation and transactions, ensure the security of data circulation, deeply promote artificial intelligence social experiments, and explore innovative applications of blockchain; 4. The implementation plan for the pilot reform of market-oriented allocation of factors in Zhengzhou indicates the use of data protection measures such as trusted identity authentication, data signatures, interface authentication, and data traceability, along with new technologies like blockchain, to strengthen the security protection of computing power resources and data resources; 5. The implementation plan for the pilot reform of market-oriented allocation of factors in the Chang-Zhu-Tan area points out the reliance on existing trading venues to carry out data trading, strengthen the innovation of underlying blockchain technology, cultivate the blockchain industry ecosystem, and explore the construction of a blockchain standard system.
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