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The Department of the Treasury‘s Office of Foreign Assets Control on Jan. 26 issued General License No. 1A, which permits Americans to continue acquiring shares in certain companies associated with “Communist Chinese Military Companies,” known as CCMCs, until May 27. The Trump administration originally set the deadline on Jan. 28. Former President Donald Trump signed a landmark Executive Order 13959 on Nov. 12 last year, which stopped investors from purchasing or possessing shares in any company associated with a CCMC. In short, Trump ordered Americans to stop financing China’s mili...

Delay to U.S. China investment ban leaves U.S. investors in limbo A U.S. Treasury move to delay a ban on investments in companies linked to the Chinese military has left U.S. investors in limbo and unable to tap opportunities non-U.S. investors get to enjoy. U.S.-China tensions ratcheted up in the final weeks of Donald Trump’s presidency with his executive order banning investments in companies his administration said were linked to Chinese military activities. Many of them deny those claims, which China’s government says lacks evidence. A string of amendments and explanations followed th...

5 Min Read NEW YORK/LONDON (Reuters) - A U.S. Treasury move to delay a ban on investments in companies linked to the Chinese military has left U.S. investors in limbo and unable to tap opportunities non-U.S. investors get to enjoy. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang U.S.-China tensions ratcheted up in the final weeks of Donald Trump’s presidency with his executive order banning investments in companies his administration said were linked to Chinese military activities. Many of them d...

Scenes of supporters of U.S. President Donald Trump storming the Capitol building to undo Trump’s election loss shocked the world on Wednesday, but most investors viewed the unrest as a short-term event that was unlikely to have a lasting impact on asset prices.

December 19, 2020 @ 6:07 pm By Omar Faridi Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, confirmed on December 17, 2020 that this month marked the highly-anticipated launch of Ethereum 2.0 Phase 0. Although the complete implementation of Ethereum 2.0 (Eth2) will be rolled out in different phases, Gemini stated that it intends to support Eth2 trading and staking “as soon as possible.” The Gemini team notes that Ethereum is an innovative blockchain that has “pushed decentralized applications, including decentralized finance (DeFi), forward.” They added: �...