Cointime

Cointime

Download App
iOS & Android
Home / Policy

Shanghai Municipal Party Committee Secretary: Welcome Standard Chartered to establish more new institutions, new businesses and new platforms such as blockchain in Shanghai

Chen Jinong, the Secretary of the Shanghai Municipal Party Committee, met with Weihao Si, the Chairman of the Board of Directors of Standard Chartered Bank, and Mark William D'Arcy, the Executive Director, and some members of the Board of Directors yesterday morning. Chen Jinong stated that he welcomes Standard Chartered Bank to leverage its own advantages, strengthen strategic connections, place more new institutions, businesses, and platforms such as wealth management and blockchain in Shanghai, focus on deepening pragmatic cooperation in technology finance, green finance, digital finance, and create more application scenarios, and provide comprehensive and professional service support for enterprises to go abroad.

Blockchain
Comments

All Comments

Recommended for you

  • UAE to introduce legal framework for DAOs

    The United Arab Emirates is focusing on introducing a legal framework for decentralized autonomous organizations (DAOs) in the Ras Al Khaimah Digital Asset Oasis (RAK DAO), a free economic zone dedicated to digital assets. Law firm NeosLegal and RAK DAO announced that the new system will be launched and discussed at the DAO Legal Clinic on October 25th. Irina Heaver, a partner at NeosLegal, said that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the wider Web3 ecosystem. The announcement emphasizes that the legal structure will clarify tax obligations and benefits. It will also establish property rights for on-chain and off-chain assets and provide legal protection for the founders, members, and contributors of the DAO from personal liability. The legal framework will also enable DAOs to enter into legally binding contracts and establish guidelines for resolving internal and external disputes.

  • Deutsche Börse Clearstream: D7 platform has issued over 10 billion euros in digital bonds

    Deutsche Börse's Clearstream announced that its digital securities platform D7 has issued over 10 billion euros (11 billion US dollars) in digital bonds. Currently, D7 is mainly used for two types of issuance, namely large digital bonds and structured products. From a technical perspective, the D7 platform uses DAML smart contracts, and the latest version of DAML supports the Canton blockchain. Previously, Clearstream also participated in a practical experiment using the French wholesale central bank digital currency CBDC for settlement.

  • The European Central Bank cut interest rates by another 25 basis points, in line with expectations

    The European Central Bank has lowered the deposit facility rate from 3.5% to 3.25%, in line with market expectations. At the same time, the main refinancing rate and the marginal lending rate were adjusted from 3.65% and 3.9% to 3.4% and 3.65%, respectively.

  • Ireland urgently drafts cryptocurrency law ahead of EU anti-money laundering rules

    Irish Finance Minister Paschal Donohoe has informed the Cabinet that emergency legislation will be drafted to update cryptocurrency regulations before EU laws take effect on December 30. No details were disclosed regarding the new cryptocurrency legislation or its specific effective date. The EU's Anti-Money Laundering and Counter-Terrorism Financing Directive will take effect in December, enhancing the power of financial intelligence units to suspend transactions.

  • Italy Plans to Increase Capital Gains Tax on Bitcoin from 26% to 42%

    According to Bloomberg, Italy plans to raise the capital gains tax on cryptocurrencies such as Bitcoin from 26% to 42%.

  • U.S. prosecutors urge five-year prison sentence for $6 billion cryptocurrency heist mastermind

    US prosecutors told a judge that the mastermind behind one of the largest cryptocurrency heists ever should be sentenced to five years in prison for a money laundering conspiracy related to the $6 billion hack of Bitfinex exchange.

  • Argentine judicial authorities recognize the legal effect of smart contracts for the first time

    The Argentine judiciary has recently recognized the legal validity of blockchain-based smart contracts for the first time, marking a major breakthrough for the country in the application of blockchain technology. This decision gives smart contracts legal enforceability in Argentina, paving the way for their use in commercial areas such as leasing agreements and purchase payments. It is reported that the first smart contract to receive legal recognition is a loan agreement based on the Cardano blockchain. The contract was reached by two Argentine Cardano ambassadors, Mauro Andreoli and Lucas Macchia, and involves a four-month loan of 10,000 ADA (approximately $3,430) with an annual interest rate of 10%.

  • Hong Kong police's "codeword" arrest operation smashed a local cryptocurrency fraud group, involving a total amount of HK$360 million

    Hong Kong police have launched a "code word" arrest operation, and cyber security and technology crime investigation department personnel have assisted in the search for evidence of online and cryptocurrency transactions, and have busted a local fraud group involving cryptocurrency, arresting 27 people and totaling up to HK$360 million in fraudulent funds. Yao Wing-kan, chief inspector of the Criminal Headquarters of the Southern New Territories, said that the fraud group mainly used online romance methods to lure victims into investing in cryptocurrency. The group hired technology experts to support the fraud, including local university graduates who majored in digital media, and collaborated with overseas fraudsters to build a fake cryptocurrency platform.

  • MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan

    Ethereum game platform Immutable has announced a partnership with the blockchain game division Marblex of South Korean gaming giant Netmarble. The collaboration will migrate Marblex's ecosystem and its multiple games from the Klaytn blockchain to the Ethereum Layer 2 network Immutable zkEVM. The games include "Ni no Kuni: Cross Worlds", "A3: Still Alive" and "Meta World: My City", and the two parties will also launch an "ecosystem promotion plan" to provide up to $20 million in support to developers to attract new games to join Marblex and Immutable. It is currently unclear whether the Immutable migration will affect Saga's plans, and the project representatives have not commented on the issue.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company