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Key Takeaways

At the Sino-Russian summit, Putin and Xi Jinping show solidarity in East-West tensions. US oil prices top $90 a barrel for the first time since 2014. Austria and Luxembourg will pursue legal action to stop the EU from including nuclear and gas projects in its green investment taxonomy.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: Future of Money: Cryptocurrencies in 2022

“The Biden Administration is set to issue an executive action for federal agencies to regulate cryptocurrencies, digital assets and bitcoin, contending that the rapid expansion of the crypto industry is a matter of national security. The move comes at a time of extreme uncertainty for the broader cryptocurrency market, as prices for popular assets such as Bitcoin and Ethereum have collapsed nearly 50 percent from their highs last November.”

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