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U.S. Treasury Finalizes Outbound Investment Restrictions in China, Hong Kong, and Macau; SEC Approves $4.6M for BitClave Investors

Nov 20, 2024, 06:37 PM

The U.S. Treasury has finalized new regulations restricting outbound investments in China, including Hong Kong and Macau. This move is part of the broader Outbound Investment Security Program aimed at enhancing national security. The regulations were highlighted by the Committee on Foreign Investment in the U.S., which noted increased enforcement and active rulemaking for 2024. Additionally, the Securities and Exchange Commission (SEC) announced the approval of a $4.6 million distribution to investors affected by BitClave, a cryptocurrency project. This distribution is intended to compensate those who suffered losses due to the project's issues.