China says it identified security problems with iPhones
China hits back over US sanctions on Huawei. The timing is not accidental, it is the moment when Huawei exploded with the new Mate 60 Pro, which is completely domestically produced.
So the USA has Apple, China has Huawei and China is declaring war on the USA in the smartphone and technology market.
It is also an unforgettable fact that China, one country, represents about a third of all Apple's net sales.
The US decision to sanction Huawei, chips and related technology has DIRECTLY led to Chinese consumers turning to Huawei's new, amazing, Huawei Mate 60 Pro. Consequently it's leading to Apple's losses.
🚨 BREAKING: 🇮🇳 India's Finance Minister Nirmala Sitharaman just dropped a BOMBSHELL at an event in Mumbai 😳
🇮🇳 The global giants of G20 are now discussing a GLOBAL framework for #crypto regulations 🔥
A thread 🧵
1️⃣ G20 and India's Role:
👉 The G20 is an international forum of the world's major economies.
👉 Currently, India is holding the presidency, or chair, of the G20.
👉 This means they play a key role in setting the agenda for discussions among the world's major economies.
2️⃣ India's Proposal:
👉 India, under its G20 presidency, is proposing that there should be a global framework to deal with issues related to cryptocurrencies and other #crypto assets.
3️⃣ Why a Global Framework?
👉 Finance Minister Nirmala Sitharaman emphasized that to effectively regulate cryptocurrencies, global cooperation is necessary.
👉 #Crypto is a borderless asset, meaning one country's rules could easily be bypassed if others don't have similar regulations.
4️⃣ Nirmala Sitharaman's Statement:
👉 India's finance minister, Nirmala Sitharaman, confirmed these discussions at an event in Mumbai.
👉 She emphasized the importance of understanding and regulating #crypto assets.
5️⃣ The Need for Global Cooperation:
👉 One key point is that for effective regulation of #crypto, cooperation is needed from all countries.
👉 Cryptocurrencies operate globally, so a single country's efforts might not be sufficient.
6️⃣ Current Status:
👉 Active discussions are taking place regarding this global framework.
👉 The details and specifics are yet to be outlined, but the intention is clear: to have a unified approach to #crypto regulations.
7️⃣ Summary:
👉 In essence, India, as the current leader of the G20, is pushing for a global system to regulate and understand #crypto.
👉 They believe that collaboration between countries is crucial for effective regulation.
"Creating a strategic #Bitcoin reserve will: ✅cut our national debt in half by 2045 ✅secure the U.S. as a world leader in financial innovation ✅create a brighter future for generations of Americans."