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, needs to be calculated as if it is $51,000 when considering a loss. This means that banks and other financial institutions will need to set aside a lot of money to cover potential losses. It also shows FINMA views crypto assets as a very volatile asset. The risk assessment is supposed to remain until official word comes down from the Basel Committee on Banking Supervision, most notably when it meets later this month.
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employees, including three Australians, continue to languish in the Number One Detention Center in Shanghai, without charge, parliament has climbed down from ratifying an extradition treaty with China, a decade after it was first signed.
which is in charge of approving the plan has said that it is under review. The state has five days to approve the plan. The major measures proposed under the plan include no tax raises, reduced state aid, increased access to bond markets, and cutbacks in costs related to city workers. The plan has projected balanced budgets for the city up till 2021.
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“We allege that BitFunder operated unlawfully as an unregistered securities exchange. Platforms that engage in the activity of a national securities exchange, regardless of whether that activity involves digital assets, tokens, or coins, must register with the SEC or operate pursuant to an exemption. We will continue to focus on these types of platforms to protect investors and ensure compliance with the securities laws.”
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