News

Foresight News reported, according to The Guardian, that seven Labour MPs serving as parliamentary committee chairs have called on the UK government to ban crypto political donations in the upcoming Election Bill. A letter co-signed by Liam Byrne, chair of the Business and Trade Select Committee, and six colleagues, pointed out that crypto donations undermine the transparency, traceability, and regulatory effectiveness of political funding. "Cryptocurrencies may obscure the true source of funds, encourage thousands of micro-donations below the disclosure threshold, and expose UK politics to the risk of foreign interference. The Electoral Commission has warned that current technology makes these risks extremely difficult to manage."

The A-share precious metals sector opened collectively higher, with Hunan Silver rising over 5%, Zhaojin Gold up more than 3%, and several other stocks such as Zhongjin Gold and Chifeng Gold following suit. Spot gold broke through $4,600 for the first time, gaining a total of $280 in the first month of the new year, while spot silver hit a new all-time high.

BlockBeats News, January 12th, the Indonesian financial regulatory authority OJK (Financial Services Authority) has officially approved and granted a license to ICEx, making it the country's second cryptocurrency exchange.