EU releases draft of regulatory technical standards: EU releases draft of regulatory technical standards In the fast-paced wo rld of finance, new things like asset reference tokens (ART) are popping up, which can be both good and tricky for regulators. To keep things in check, the European Banking Authority (EBA) has done something important . They've released the final draft of rules called Regulatory Technical Standards (RTS) under the Crypto-Asset Markets (MiCA) regulation. The EBA worked closely with another group called the European Securities and Markets Authority (ESMA) to make sure these rules are solid. Their goal? To set up a strong system for dealing with complaints about stablecoins and ARTs. Let's take a look at what's in these draft rules and how they've changed based on what people said during a public discussion. Tackling Complaints: Making Things Simple The draft RTS covers a lot of ground when it comes to handling complaints in the ART market. It lay...
Israel says it will ‘flood’ Gaza with aid as pressure mounts to do more: Israel says it will ‘flood’ Gaza with aidIsrael will try to “flood” the Gaza Strip with humanitarian aid from a variety of entry points, the main military spokesman said as international pressure mounted to address the growing problem of hunger in the besieged enclave, Reuters reports. After more than five months of its incursion in Gaza, aid agencies have warned that the area’s 2.3 million population face a growing risk of famine unless food supplies are stepped up sharply and they have accused Israel of not doing enough to ensure sufficient aid . Israel says it has placed no limits on the amount of aid that it will allow in to Gaza, and blames failures by the aid agencies for delays but it has faced mounting demands even from its closest allies to do more. “We are trying to flood the area, to flood it with humanitarian aid,” military spokesperson, Daniel Hagari told a group of foreign reporters. A...