Token Burn

#NFTB#🚀🚀 Possible goals of this currency

China to take measures against medical devices imported from EU in government procurement

This TON news seems absolutely crazy 🤯 1/5th the investment, earn yield on it, and get it back after 3 years You don't need to live there for 6months+, family can move as well, don't need an accredited UAE business or massive investment in illiquid assets CRAZY

🧬 The core decentralization characteristics of Bless Network: 🚀 1. Decentralization cloud computing infrastructure Bless is not simply about building an L1, but rather about constructing a decentralized cloud computing network from the ground up, with the goal of: Replace centralized computing power providers in Web2 (such as AWS, GCP) Provide elastic computing power services for AI, DApp, storage, etc. Users can connect idle hardware to the network to obtain computing power incentives.

Recently, Singapore's financial regulatory authorities made a penalty decision regarding a large-scale Money Laundering case involving 2.2 billion USD. Nine well-known Financial Institutions were fined a total of 27.5 million SGD (approximately 21.5 million USD) for poor AML management. The severity of this penalty and the wide range of institutions involved are quite rare in the history of financial regulation in Singapore. Among them, Credit Suisse's Singapore subsidiary was fined the maximum amount of 5.8 million SGD for inadequate execution of AML measures. At the same time, Citibank's operations in Singapore were also penalized due to compliance issues. This money laundering case was first exposed in 2023 and finally came to a conclusion after two years of in-depth investigation. The case involved a wide range of areas, from luxury real estate to cryptocurrencies, covering multiple sectors. During this process, law enforcement seized a large amount of cash, real estate, luxury goods, and digital assets. It is worth noting that this case also involves ten Chinese suspects known as the "Fujian Gang", who have been convicted according to the law. In addition, two former bank executives were also prosecuted last year for their involvement in this case. The Monetary Authority of Singapore stated that it will continue to monitor the progress of rectifications by the involved Financial Institutions to ensure that they effectively strengthen their AML management systems. This series of measures not only demonstrates Singapore's determination to combat financial crime but also serves as a wake-up call for global Financial Institutions regarding AML compliance. This incident once again highlights the important responsibility of Financial Institutions in AML efforts, while also reflecting the urgency of strengthening compliance management and risk control in the increasingly complex international financial environment. With the continuous increase in regulatory intensity, Financial Institutions must remain vigilant and continuously improve their AML mechanisms to maintain the stability and credibility of the financial system.