dChan - Q Origins Project Archive

Crypto exchange Binance unauthorised, says Italian regulator, as crackdown widens

Binance is not authorised to carry out activities in Italy, the country's market watchdog said on Thursday, joining a string of global regulatory moves against the cryptocurrency exchange.

Binance Group companies are not authorised to provide investment services and activities in Italy, despite sections of its website offering information in Italian on derivatives and tokenised versions of stocks, Consob said in a statement. "Savers are invited to make use of their utmost diligence in order to make their investment choices in full awareness, verifying in advance that the websites through which they make the investment can be attributed to authorised subjects," it said.

Consob has the power to order internet providers in the country to stop offering their services to unauthorised investment services providers, it said to Binance in a letter to the exchange's lawyers seen by Reuters. The regulator may also order unauthorised investment services providers to stop offering their services, the letter said. It is unclear whether the regulator had requested that local internet companies block Binance's website, or whether it has referred the case to magistrates.

A Binance spokesperson said its website did not operate out of Italy and that the Consob notice had no direct impact on its services. He declined to comment on the letter. "We take a collaborative approach in working with regulators and we take our compliance obligations very seriously," he added. Scrutiny of the cryptocurrency sector is growing across the world, with regulators worried over consumer protection and the use of digital coins for money laundering and other criminal activities. Britain's financial watchdog last month barred Binance - one of the world's biggest exchanges - from carrying out regulated activities in the UK. read more

Watchdogs in Thailand, Japan, Germany and the United States have also targeted the platform

https://www.reuters.com/world/china/crypto-exchange-binance-not-authorised-italian-regulators-say-2021-07-15/

>>72503

morning w

>>72507

morning B

get yer plate full I see

Anonymous ID: f87067 July 15, 2021, 7:16 a.m. No.72511 🗄️.is 🔗kun >>2512 >>2571

India slaps ban on Mastercard, threatening missed growth

US group accused of failing to comply with data storage rules

India's central bank has ordered Mastercard to stop adding new customers for failing to comply with the country's data storage rules, escalating a dispute between Indian authorities and U.S. financial services groups over the control of customer data.

The Reserve Bank of India said Mastercard had not complied with rules introduced in 2018 that bar payment companies from transferring customer data overseas. The regulations, which were fiercely resisted by U.S. payment companies, required all financial data to be stored exclusively in India. The central bank said Mastercard's failure to meet the requirements came "notwithstanding lapse of considerable time and adequate opportunities being given." Its order comes into effect July 22 and does not affect existing customers. It imposed similar restrictions on American Express in April. The bans could be costly for U.S. payment groups, which risk missing out on the roaring growth of non-cash payments as India's government pushes to expand access to financial services among its population of 1.4 billion. India's data localization policies, which are part of a global trend by governments to expand oversight of their citizens' data, have already proved a source of trade tension with the U.S. The U.S. trade representative under then-President Donald Trump criticized India's data storage rules as "discriminatory and trade-distortive."

Mastercard said it was "fully committed to our legal and regulatory obligations in the markets we operate in" and to resolving the RBI's concerns. The central bank order comes as Indian authorities reassess more broadly the power and freedom U.S. companies can exercise in the economy, particularly tech businesses. Prime Minister Narendra Modi's government has, for example, engaged in a protracted standoff with companies such as Twitter and Facebook over subjects such as the removal of posts and encryption. It introduced tough new rules for social media companies in May.

The RBI has long kept a tight leash on foreign participants in India's financial sector, but its data storage rules prompted an outcry and furious lobbying when they were introduced in 2018. U.S. payment companies argued that they would push up costs, undermine data security and were imposed too hastily to implement. In its order on Wednesday, the RBI did not specify how Mastercard had failed to comply. Moving from cash to online payments was a policy priority for the Indian government even before the pandemic.

The National Payments Corporation of India, which was set up by the RBI and is owned by a consortium of Indian lenders, has launched several initiatives designed to expand access to financial services. These include RuPay, which has issued more than 600 million cards, and the UPI mobile payments system, which has had rapid growth during the pandemic.

https://asia.nikkei.com/Business/Finance/India-slaps-ban-on-Mastercard-threatening-missed-growth

Global sustainable debt issuance will crack $1 trillion mark in 2021 -IIF

Global issuance of sustainable debt is on track to surpass $1 trillion this year with green bonds dominating while emerging markets have some catching up do to, the Institute of International Finance (IIF) said in a report.

With corporations and financial institutions under growing pressure from investors to up their environment, social and governance (ESG) game, the issuance of bonds to raise money for climate-related or social projects, or linked to sustainability targets, is an increasingly popular option. Sustainable debt sales more than doubled year-on-year in the first half of 2021 to over $680 billion, closing in on the $700 billion issued during the whole of last year.

The latest issuance bonanza will see the total market size grow to well above $3 trillion during this year, the IIF found. Green bonds, which are used to finance climate-related or environmental projects, made up the lion’s share of all new issuance, at 35%, led by Germany, China and France. While sovereigns, financial institutions and utilities dominate issuance, firms from elsewhere in the energy sphere as well as materials and consumer discretionary sector increasingly joined the fray. Other types of debt falling into the sustainable category also recorded stellar issuance in the first half of the year. Issuance of social bonds, which raise funds for projects with positive social outcomes, more than tripled year on year to $140 billion, boosted in part by the European Union’s introduction of the Sustainable Finance Disclosure Regulation (SFDR) which imposes mandatory ESG disclosure obligations.

Sales of sustainability-linked bonds, where an issuer pledges to reach specific ESG targets or face, for example, higher coupon payments - rose nearly four times to $160 billion. Sustainability bond issuance, which can raise funds for a mix of projects, surged to $90 billion in the first six months of 2021, with the dollar replacing the euro as the main funding currency. Meanwhile issuers from developing countries had some catching up to do. “Emerging markets still represent less than 15% of the sustainable debt universe,” said Mahmood.

China, Chile, Turkey and Mexico are the biggest issuers currently.

https://www.reuters.com/article/global-debt-sustainable/corrected-global-sustainable-debt-issuance-will-crack-1-trillion-mark-in-2021-iif-idUSL8N2OR329

Maricopa County Recorder Stephen Richer Changes His Tune: “I Supported An Audit, I’m Pro-Audit, I’m Pro-Review” – Such BS

Maricopa County Recorder Stephen Richer appeared on Mike Broomhead’s radio show on Wednesday and made some shocking claims.

“I supported an audit, I’m Pro-audit, I’m pro-review, but I’m not pro-Cyber Ninjas…”

When asked about the fraudulent vote count, previously reported by Karen Fann, Sloppy Steve told Broomhead:

"We stand by our count. If the Cyber Ninjas are as good at predicting their timeline for completing the count as they are at counting then that doesn’t bode well for their count…They are hand-counting, we were machine counting. There’s also a number of other reasons why they might not have come to an accurate count. we produced MORE than just the tabulated ballots. We produced the test ballots, we produced duplicated ballots, we produced spoiled ballots, and I dont know if they understand that those things shouldn’t have been in the tabulation of the actual votes”

Richer then goes on to trash the audit that he apparently ‘supported.’ After, he acknowledges his “abject failure” on his promises to “Make the County Recorder’s Office Boring Again” He claims to have supported a Senate audit now that he knows the results are coming in hot. He uses the typical leftist excuse of “conspiracy theorist driven” Cyber Ninjas for his reasoning against the audit. BS.

Had Stephen agreed to do a joint audit with the Senate and Cyber Ninjas, as requested, there would be no need for name-calling or new machines.

Then he throws a cheap shot at the audit procedures. He must not understand that the auditors are concerned about accuracy, unlike the County who counted “2,089,563” ballots as quickly as possible. He must have also forgotten that his office is holding the process up by defying subpoenas for the routers and administrative passwords.

Auditors are also using machines to count the total number of ballots. Where are the missing components to the tabulation machines?

Richer then suggests that the reason why the Senate is finding more ballots than certified is that they are including extra ballots in the recount. There’s one problem, the Senate is actually finding LESS ballots than the certified total.

Ballots are missing.

moar

https://www.thegatewaypundit.com/2021/07/maricopa-county-recorder-stephen-richer-changes-tune-supported-audit-pro-audit-pro-review-bs/