The rise of a little known cryptocurrency firm reflects the influence China continues to hold over the crypto world.
When Aaron Kaplan, the co-chief executive of New York-based cryptocurrency company Prometheum, testified in front of Congress in June, he caused quite a stir among the watching crypto community.
During his testimony, Kaplan revealed that the little-known firm, founded in 2017, had received the first license under Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) guidelines to operate as a digital asset securities broker-dealer. This move to effective
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
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