Restrictions Financial News

The government has clarified that import restrictions on certain gold jewellery and articles are not applicable for units in the special economic zones (SEZs).On July 12, the government, through a notification, imposed these restrictions on certain gold jewellery and articles.

Shares in Endeavour were down more than 10 per cent in trade on Monday amid investor concerns about the impact of new poker machine restrictions in Victoria, the largest market for the company’s pubs division.

Some legal cannabis growers in Washington state who were ordered to halt operations in April over concerns about pesticide contamination are getting back to business

Federal officials are calling for more testing and research on xylazine, the powerful animal sedative that’s spreading through the nation’s illicit drug supply

Reuters. If restrictions targeting China's high-technology sector continue then countermeasures will escalate, Wei said.  Meanwhile, according to Wall Street Journal, China set export restrictions on two minerals the US says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance.

Officials in the United States are mulling tighter controls on an export regulation created to minimize the availability of artificial intelligence (AI) chips to China. 

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.

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Binance is pulling out of Canada.

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams.In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".The trade association says that government action is warranted because banks are putting in place these blanket restrictions instead of take a risk-based and case-by-case approach.The letter suggests government bringing bank and crypto CEOs together to find a "viable solution", with one option being the creation of a white list of platforms that "have engaged with the UK’s regulatory perimeter (either through AML registration or other EMI/MiFid licenses), to which transactions should be allowed to take place freely".In a separate letter to the FCA and Payment Systems Regulator, CryptoUK says that while it accepts that the regulators may not wish to intervene in the commercial decision of bank, "in this case we believe action is warranted because of the blanket approaches that have been taken".

Thailand’s Securities and Exchange Commission (SEC) is preparing to soften retail investment restrictions related to initial coin offerings (ICO) to boost digital investments.

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams. In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".

A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps.

SINGAPORE—Inflation in China picked up in December and is expected to accelerate further in the months ahead as the economy revs up following Beijing’s abrupt dismantling of its zero-tolerance measures to contain Covid-19.

HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer.

HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer.

For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders.

For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders.

BlackRock, Columbia Threadneedle and Schroders have put limits on the amount large investors can withdraw from their UK property funds, as pension clients look to cash in their holdings in less-liquid assets.

RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore. 

BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won't affect the automaker's business.