After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the...
Tag: Currency
Bitcoin Investors Pretty Bearish on the Currency
Investors Going Pessimistic Sentiment among institutional investors has been declining for some time. This is consistent with the market trend, which has seen bitcoin drop under $22,000 and the overal...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status China’s economy has been immense...
King Dollar? How The U.S’s Mighty Greenback’s Could Roar
The George Washington detail on the one-dollar banknote superimposed on computerized people … [+] silhouettes, US, 1982. (Photo by Alfred Gescheidt/Getty Images) Getty Images While soaring infla...
East African Single Currency Unlikely to Be Introduced by 2024 – Emerging Markets Bitcoin News
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this...
Digital Currency Group backs DAO tooling startup Mural in $5.6 million seed round
Digital Currency Group has backed Mural, a startup building decentralized autonomous organization (DAO) treasury tools for brands, in a $5.6 million seed round. Galaxy Ventures, Firstminute Capital, A...
The Euro Hit Parity With the Dollar Again. This Time, the Weakness Might Last.
Text size The euro is at parity with the dollar. Photo by INA FASSBENDER/AFP via Getty Images The euro fell enough to achieve parity with the dollar again. Don’t be surprised to see more weakness in t...
Former Comptroller of the Currency Says Ripple and SEC Will Settle to Enable Investors To Continue Trading & Holding XRP
– Advertisement – Brooks speculates that both Ripple and the SEC will reach a settlement. The lawsuit between Ripple and the Securities and Exchange Commission (SEC) has been a major t...
Gnosis (GNO) Is Only Top-Tier Currency Remaining in Green, Here’s Why
Arman Shirinyan Gnosis is at top of cryptocurrency market following potential onboarding news Unfortunately, at the end of the week, a large portion of the cryptocurrency market faced an unpleasant co...
South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official
A top official who oversees Colombia’s financial regulation and tax collection agency says that the second-most populous South American nation is exploring the idea of rolling out its own digital curr...
a national digital currency to prevent tax evasion
In Colombia, the new government of President Gustavo Petro wants to create a national digital currency to prevent tax evasion in the country. Colombia: new government wants to establish a new national...
Digital Currency Group Picks Top Exec as Lobbyist
Considering its latest move of filing an LDA, Digital Currency Group could be doing more lobbying in the coming times. Crypto investment firm, Digital Currency Group (DCG) has handpicked one of its to...
Colombia Launches Digital Currency Initiative
The government of Colombia has released a statement confirming its plans for a digital currency. The initiative will be developed in partnership with the country’s central bank and will be based...
Colombia to prevent tax evasion with national digital currency: Report
AmColombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans. Luis Carlos Reyes, the hea...
Colombia Plans to Launch Digital Currency
The proposed measure would also be accompanied by restrictions on cash payments They aim to reduce tax evasion However, Colombians still prefer cash as their main payment method The public authority ...
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion – Coinotizia
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made b...
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion – Regulation Bitcoin News
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made b...
Crypto Behemoth Digital Currency Group Files Registration To Become Lobbyist
Crypto investment giant Digital Currency Group (DCG) has filed for one of its executives to lobby on the company’s behalf. An August 15th filing shows DCG’s vice president of public policy Julie Stitz...
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency – Economics Bitcoin News
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the pr...
XRP Classified as “Digital Currency” by Goldman Sachs, Wells Fargo and HSBC: Report
Ripple recently scored a minor victory as Magistrate Judge Sarah Netburn granted Ripple’s request to serve non-party subpoenas to video hosting platforms to authenticate some videos of top offic...
Wells Fargo Mentioned Ripple (XRP) As A Digital Currency In August Report
– Advertisement – The top American financial institution refers to Ripple as a digital currency. In its recent report, Wells Fargo, an American multinational financial services company, ...
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board – Economics Bitcoin News
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly ...
Billionaire Mark Cuban Addresses Cardano Holders, Says Dogecoin (DOGE) More Usable as a Currency Than ADA
Billionaire investor Mark Cuban is engaging Cardano holders, saying that Dogecoin (DOGE) is a more viable option for payments than ADA. Replying to a thread on Twitter, Cuban tells his 8.8 million fol...
UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment – Regulation Bitcoin News
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is us...
Digital Currency Lands in The Country of Nepal
Will The Nepal Rastra Bank Allow Digital Currencies? The monetary authority would be able to produce a digital version of the nation’s fiat currency, the Nepalese rupee, if the Nepal Rastra Bank...
Nepal Rastra Bank (Central Bank) Set To Issue Digital Currency
In recent events, Nepal Rastra Bank (NRB is poised to make a significant change to its digital currency laws. Instead, the proposed amendment would alter the 2002 Act to allow the nation’s Central Ban...
How Digital Currency is Revolutionizing the Casino Sector
The world of casinos and its associated payment method have largely gone digital in the last few decades. Since the advent of the blockchain, there has been a big shift from land-based casinos to onli...
Nepal’s Central Bank Set To Issue Digital Currency – crypto.news
In recent developments, Nepal is set to make an impactful amendment to its policy on digital currencies. The proposed change would see the 2002 Act amended to allow the country’s Central Bank to creat...