Subcommittee on Digital Assets Seeks to Create Regulatory Framework

• Stablecoin regulation is the first priority for the newly formed Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion.
• Rep. French Hill (R-Ark.), the chair of the subcommittee, stated that the stablecoin draft will be used as a model for how the committee will approach digital asset regulation.
• Privacy statute is also a priority of the committee, which is important for the digital asset industry.

The U.S. House of Representatives has created a new subcommittee to oversee digital assets, financial technology, and inclusion. The Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be chaired by Rep. French Hill (R-Ark.), who has stated that the committee’s first priority is to regulate stablecoins.

Hill has made it clear that the subcommittee plans to use the stablecoin draft as a model for how it will approach digital asset regulation moving forward. He believes that this is an important starting point for the committee, as it will provide much-needed clarity on which agency, the SEC or the CFTC, will have explicit oversight. Hill has also stated that the committee is looking to pursue a privacy statute federally, which is important for the digital asset industry.

The subcommittee is also focusing on financial inclusion, as it seeks to ensure that everyone has access to the same financial opportunities. This includes providing guidance on how to ensure that products and services are made available to underserved markets. Additionally, the subcommittee is looking for ways to create a more equitable financial system by increasing access to financial services and providing financial education to those who may not have access to it.

The subcommittee also seeks to create an environment that encourages innovation in the digital asset and fintech sectors. This includes exploring how to create a regulatory framework that encourages the development of new products and services that can benefit consumers and businesses. Hill has stressed the importance of creating a regulatory framework that is flexible enough to adapt to the ever-changing digital asset landscape.

Finally, the subcommittee is also looking to address consumer protection by providing guidance on how to protect consumers from fraudulent or deceptive practices. Hill has stated that this is an important priority, as it will help ensure that consumers have the necessary information and resources to make informed decisions when it comes to investing in digital assets.

Overall, the Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion is seeking to create an environment that encourages innovation, financial inclusion, and consumer protection. With Rep. French Hill at the helm, the subcommittee is looking to create a regulatory framework that is flexible enough to adapt to the ever-changing digital asset landscape. By providing guidance on stablecoin regulation, financial inclusion, and consumer protection, the subcommittee is looking to create a stable and secure environment for digital assets.

EU Commissioner Calls for Global Crypto Regulations

• The European Commissioner Mairead McGuinness has called for global crypto regulations instead of just EU regulations.
• McGuinness said that without a global approach, the crypto market will suffer from more and more problems.
• The EU has already passed the Markets in Crypto Assets regulation (MiCA), but the vote has been postponed to April.

The European Union is one of the first major jurisdictions in the world to regulate the crypto market with its Markets in Crypto Assets regulation (MiCA). As the crypto sector continues to grow in global importance, the EU’s leading financial-services official has called for global crypto rules instead of just EU rules.

Mairead McGuinness, the European Commissioner, told CoinDesk on the sidelines of the World Economic Forum in Davos that the turmoil in the crypto market has given extra ammunition to those pushing for a global rulebook. She said that the technology is borderless and if the world fails to put a global approach into place, the crypto market will suffer from more and more problems.

McGuinness also said that it’s great that the EU is the first major jurisdiction in the world to regulate the sector, but there’s no point in Europe being on its own because this is a global development and it can’t be restricted to just one region.

The EU’s MiCA regulation was meant to have been voted on in December, but the date has since been pushed back to April. The regulation, which was first proposed in September 2020, is intended to regulate the crypto sector in the same way that traditional financial markets are regulated. It includes provisions for consumer protection, transparency and market integrity.

The regulation also includes measures to protect investors, such as rules against insider trading and market manipulation, and new rules on custody and trading of digital assets.

The MiCA regulation is an important step forward in the global regulation of the crypto sector. If the world is to make use of the potential of the sector and protect investors, it is important that the regulation is adopted by all major jurisdictions. This is why McGuinness is calling for a global approach to crypto regulation, so that all countries are on the same page.

FTX Exploration: Ray Weighs Possibility of Reviving Crypto Exchange

• John J. Ray III, the new head of FTX, is exploring the possibility of reviving the bankrupt crypto exchange.
• Ray’s comments came in his first interview since taking over FTX in November.
• Ray said the decision would come down to whether restarting FTX’s international exchange would recover more for customers than just liquidating assets or selling the platform.

John J. Ray III, the new head of the crypto exchange FTX, is exploring the possibility of reviving the bankrupt platform. The comment came in his first interview since taking over the exchange in November.

Ray, who previously handled Enron’s restructuring, said that despite the accusations of criminal misconduct against former CEO Sam Bankman-Fried, customers have still lauded FTX’s technology and said it could be worth reviving the exchange.

Ray noted that the decision to revive the exchange would ultimately come down to whether it would be more beneficial for customers to restart FTX’s international exchange, rather than liquidating assets or selling the platform. “Everything is on the table,” Ray said. “If there is a path forward on that, then we will not only explore that, we’ll do it.”

The FTX token FTT was trading up 33% on Binance on the news. In the interview, Ray also criticized Bankman-Fried’s comments to the media and elsewhere as being unhelpful. Bankman-Fried has said FTX did not need to file for Chapter 11 bankruptcy protection and has been critical of Ray’s decisions.

Should FTX be revived, Ray said it would require a significant financial commitment, as well as a team of experienced professionals. He added that he is also exploring the possibility of forming a partnership with another cryptocurrency exchange.

These efforts could potentially revive FTX and allow customers to regain access to their funds. However, it is still uncertain whether the exchange will be able to make a successful comeback. Until then, investors will have to wait and see.

Take Full Advantage of Discounts at Movie Park 2022

Are you seeking an opportunity to reduce the cost of your trip towards Movie Park in 2022? If yes, then you’re in the right spot. Movie Park offers a variety of deals that you can avail to save cash. Discounts range from early discount to military discounts. Whatever your status or your budget, Movie Park has a discount that can aid you in saving.

Types of Discounts

Movie Park offers a variety of discounts you can avail you to cut costs. Discounts vary based on the time of the year and the kind of patron you are. Below are some discounts for Movie Park in 2022.

Early Bird Discounts

If you’re an early riser and are planning to go to Movie Park in the early hours of the morning, then you can benefit from early discounted tickets. Discounts can help you save half off the normal ticket cost. All you need to do is buy your tickets before 10AM, and you’ll be in the running to receive the discount.

Group Discounts

If you’re planning on visiting Movie Park with a group you may take advantage of discounts for groups. These discounts could cut up to 25% off of the normal cost of tickets. All you need to do is buy tickets for at minimum five people and you’ll be qualified to receive the discount.

Seasonal Discounts

Movie Park offers seasonal discounts all year long. The discounts are 40 percent off of the normal price of tickets. All you need to do is buy your tickets during the promotional time and you’ll be qualified to receive the discount.

Discounts for Special Occasions

All through the all year long, Movie Park offers discounts for special occasions like birthdays and the anniversary of anniversaries. The discounts are able to save you 20% off the normal price of tickets. All you need to do is buy your tickets during the promotion period and you’ll be eligible for the discount.

Discounts for Military Personnel

Movie Park offers discounts for military personnel. The discounts could bring you as much as 30% off of the regular cost of tickets. All you need to do is show the military identification card or evidence that you have served at the counter, and you’ll be qualified to receive the discount.

Discounts for Seniors

Movie Park offers discounts for senior citizens. The discounts could be as much as 10% off of the normal cost of tickets. All you need to do is show an ID card for seniors or proof of age to the counter, and you’ll be in the running to receive the discount.

Conclusion

Movie Park is a great destination to spend time and get a discount on your tickets. Thanks to the many discounts, you could get up to 50% off the standard cost of tickets. If your a first-time visitor, travelling with an ensemble or celebrating a special event, or an older person you can find a discounted price to you. Take advantage of the savings and enjoy the time you spend in the Movie Park in 2022.

Everything You Need to Know About the Xiaomi Mi 5 Band

It is the Xiaomi Mi 5 Band It is a fitness tracker by Chinese phone maker Xiaomi that was specifically designed to assist users in monitoring their health and fitness levels. It comes with an elegant minimalist design, with a numerous features, making it an ideal choice for those looking for a complete fitness tracker. It’s the Xiaomi Mi 5 Band. Xiaomi Mi 5 Band is compatible with both Android and iOS devices, and it is available for sale at a low cost.

Design

Its Xiaomi Mi 5 Band sports an elegant and minimalist appearance, which makes it an appealing accessory for any attire. It’s constructed of lightweight plastic with an 0.42-inch OLED display, which lets users see their fitness information. The Mi 5 Band also features an adjustable wristband that is easily adjusted to suit any size wrist. Mi 5 Band is available in three colors. Mi 5 Band is available in white, black, and blue shades.

Features

The Xiaomi Mi 5 Band comes with numerous options that make it a excellent choice for anyone who wants to monitor their fitness routine. It tracks steps taken and calories burned, the distance traveled, as well as active minutes. It also features heart rate and sleep monitoring, and the capability to set reminders and alarms. It also has an IP67 waterproof rating, which makes the device suitable for water sports as well as other water-related activities.

Compatibility

It is the Xiaomi Mi 5 Band is compatible with both Android and iOS devices and is therefore accessible to a broad range of users. It is able to be linked with the Mi Fit application available for the both Android and iOS and allows users to monitor and analyse their fitness and health data. It is also possible to track and analyze their fitness data. Mi Fit app also allows users to set daily goals and schedules.

Battery Life

Its Xiaomi Mi 5 Band has an incredible battery life that can last 10 days or more with a single charge which makes it an ideal choice for people who don’t have to worry over charging the fitness device each evening. The Mi 5 Band also comes with the option of a low-power mode, which can be activated to extend the battery’s lifespan by 5 days more.

Pricing

Its Xiaomi Mi 5 Band is a budget-friendly fitness tracker priced between $20 to $50, based upon the type of model. It’s a great choice to anyone who is seeking a low-cost fitness tracker with a large variety of options.

Pros and Cons

Xiaomi Mi 5 Band Xiaomi Mi 5 Band has numerous options that make it a desirable option for those looking for a fitness tracker that is comprehensive. Its sleek design, it is compatible with Android and iOS It has a remarkable battery longevity, and is well priced. However, it is difficult to configure and the sleep tracking feature is not as precise as other trackers.

Conclusion

Its Xiaomi Mi 5 Band is an excellent choice for those seeking a complete fitness tracker. It features a stylish design that can be used to Android and iOS It has a remarkable battery lifespan, and is affordably priced. It’s an excellent choice for those seeking a low-cost fitness tracker that comes with a broad array of options.