Category: Business & Economy
Young Ukrainian escapes war with USB stick holding 40% of life savings in #Crypto
As the Russian invasion of Ukraine nears its fifth week, it has been shown that cryptocurrencies have helped Ukrainian refugees in more than one way after being forced from their homes. Crypto has made it possible for donations worth tens of millions of dollars to pour into the country while allowing some Ukrainians to take a portion of their life…
Biden’s warning to China Friday March 18, 2022
U.S. President Joe Biden warned Chinese President Xi Jinping in a video conference on Friday of “implications and consequences” should China support Russia’s invasion of Ukraine. Xi told Biden that his country does not want the war. The brief White House statement described the conversation as “focused” on Ukraine. But much lengthier summaries released by the China side portrayed a…
China’s New Law on Countering Foreign Sanctions
On 10 June 2021, the National People’s Congress Standing Committee of the People’s Republic of China passed the Law of the PRC on Countering Foreign Sanctions (the “Anti-Sanctions Law”). The Anti-Sanctions Law establishes a legal regime for the protection of Chinese individuals and entities from what are deemed to be discriminatory foreign sanctions and for implementing countermeasures against such sanctions. Although…