Currency

Short Position – PSPC Rules, Digital Currency, CPO Request

New SPACO rules It was known for a long time that the rules which allowed the listing of ad hoc acquisition companies or SAVS had certain weaknesses. Since SPACs or cash shells were first introduced to the Malaysian capital market in 2009, a rule required 75% of uninterested shareholders to …

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Digital Currency: Banks Raise Disintermediation Concerns Over RBI’s Digital Currency Plans

Mumbai: Government and Reserve Bank of India (RBI) conduct detailed analysis on the impact that a central bank digital currency (CBDC) would have on the Indian banking sector as a whole, and what reduced disintermediation would mean for commercial banks which have so far all the cards in hand as …

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Burmese government ousted from NUG proclaims Tether (USDT) as its official currency

A military coup has been at work in an attempt to overthrow Myanmar’s presidential government since February 2021, but elected officials are still working as a shadow government in an attempt to retain some semblance of power. The latest move by the elected National Unity Government (NUG) to boost support …

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Afghan central bank set to halt currency decline as crisis deepens

A bureau de change holds a stack of Afghan currency on a street in central Kabul, April 2, 2014. REUTERS / Tim Wimborne / File Photo Register now for FREE and unlimited access to reuters.com Register KABUL, December 14 (Reuters) – The Afghan central bank said on Tuesday it was …

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Why cryptocurrency laws need to be carefully considered

The government’s decision to introduce a bill to ban all private cryptocurrencies in India was not entirely unexpected. The issue of cryptocurrency (or virtual currencies / VCs) was first raised when the case was brought to the Supreme Court in 2018. During lengthy debates, the three-judge panel overturned the RBI …

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[Korea Contactless Technology] Development of an integrated foreign currency management system combined with an autonomous AI voice recognition robot

LOS ANGELES, CA, December 10, 2021 / 24-7PressRelease / – Contactless and social distancing are terms that have become very familiar in the wake of COVID-19. The latest technologies in areas close to our lives are also emerging in line with this trend. Artificial intelligence, big data, VR (virtual reality) …

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China tightens controls to curb currency rise

BEIJING (AP) – China’s central bank is trying to curb the yuan’s rise after the currency hit a 2.5-year high against the dollar. Commercial banks were ordered Thursday to increase for the second time this year the amount of their foreign currency deposits held in reserve. This reduces the amount …

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Narce Media: Video is the Ultimate Content Currency

Disillusioned with the nine to five standards of traditional employment, more and more graduates are filled with entrepreneurship and are entering the business world with new ideas and attitudes eager to revolutionize the industry. Narcé Media, founded by Joseph Housley and Connor Watt, shows how graduate entrepreneurship can create businesses …

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Increase in liquidity through currency flows

Deposits have fallen sharply at the State Bank of Vietnam, but liquidity is still plentiful. This could be attributed to credit growth this year which picked up although still slow. illustration photo As of October 29, growth in new loans had reached 8.72%. Although this level is surprising compared to …

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Bank of England must beware of allure of digital currency

The author is the author of “Cryptocurrencies: money, trust and regulation” The Bank of England is still considering the introduction of a central bank digital currency (CBDC), a digital version of banknotes and coins, directly convertible into cash and deposits. The bank argues that this will increase financial inclusion. But …

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