💥NEW: FinCEN dropped proposed reporting rules for unhosted wallets and crypto mixers, citing concerns over privacy and compliance burdens.
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🇺🇸 OKX and NYSE owner ICE filed to launch 24/7 tokenized stock trading under SEC Innovation Exemption. Over 60 stocks including Nvidia, Tesla, and SpaceX will trade against USDC, USDG, and USDT on XLayer. ift.tt/yCrho3w
The focus is on proactive government oversight and cleanup, but the deeper reality is that these rural banks are bearing the brunt of over-leveraged local governments and a deflating property market that Beijing is struggling to unwind cleanly. Move along! Nothing to see here.
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Exploration of financial flows that determine the fate of the planet. From macroeconomic shifts to the future of digital assets: opinion columns, analytical reports, and expert assessments of events shaping the global financial architecture.