Chinese Lawmaker Proposes Increased Secrecy to Outsmart US Chip Restrictions

Chinese Lawmaker Proposes Increased Secrecy to Outsmart US Chip Restrictions
22 days ago

In a bold move reflecting the intensifying trade rivalries between China and the United States, a prominent Chinese lawmaker has suggested that enhancing the confidentiality surrounding the nation’s semiconductor sector could be a strategic approach to circumvent ongoing US chip restrictions. This proposal underscores the lengths to which Beijing is willing to go to protect its technology industry amid increasing diplomatic tensions.

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BitMEX Hit with $100 Million Fine for Breaching US Bank Secrecy Regulations

BitMEX Hit with $100 Million Fine for Breaching US Bank Secrecy Regulations
3 months ago

In a significant legal development, BitMEX, one of the leading cryptocurrency exchanges, has been ordered to pay a hefty $100 million fine due to violations of the US Bank Secrecy Act (BSA). This ruling comes after investigations revealed that the firm failed to implement adequate anti-money laundering (AML) measures, jeopardizing the integrity of the financial system.

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