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Tag: Foreign
USD strength saving foreign stock investors
Red numbers. Red numbers, everywhere you look. That is the story of 2022. Unless, of course, you are talking about the US dollar. I have written extensively about the dollar’s ludicrous strength this ...
Foreign investment funds bet on a U.S.-proof China chip industry
Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind th...
Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency. This clarifica...
Australia new budget left crypto industry disappointed “Crypto will not be foreign currency”
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Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
Central banks – based in Hong Kong, China, the United Arab Emirates and Thailand – issued over $12 million on the platform, allowing the commercial banks to conduct payment and foreign exchange paymen...
Markets Fear Worst As Mainland Investors Buy Foreign Selling
China Last Night KraneShares Key News Asian equities were largely higher though Hong Kong and Mainland China underperformed while multiple markets were closed for Diwali, the five-day Hindu religious ...
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’ – Africa Bitcoin News
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the mo...
China’s new growth goals require a change for attracting foreign investors, official says
A man walks along the Bund in Shanghai on Oct. 17, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — A Chinese official confirmed Monday a shift in the country’s growth goals and indicated t...
Office of Foreign Assets Control Sued by Crypto Think Tank Over Tornado Cash Bans
A cryptocurrency-focused advocacy group is challenging the validity of the US sanction against crypto mixing service Tornado Cash. On August 8th, the U.S. Treasury Department’s Office of Foreign Asset...
Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis
A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with risky or illicit activity, far more than any other region. With the biggest news in the re...
OPEC’s oil cuts force the US to reconsider its foreign policy
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decis...
Crypto in Green as Foreign Pressure on Fed to Stop Rate Hikes Mounts (Market Watch)
Yesterday’s Fed meeting didn’t result in a lot of volatility in the crypto markets, but the UN pressure on the central bank has pushed most assets north today. Bitcoin touched $20,000 minutes ago, whi...
Korean Production Companies See More Requests For Foreign Remakes
Popular k-drama ‘Start-Up’ has a Filipino remake. CJ ENM/GMA Entertainment Group Remakes are nothing new in the world of television. But what might be considered newsworthy is the number o...
SEC Fines Oracle $23 Million, Says Company Bribed Foreign Officials
Topline Oracle will pay about $23 million to the Securities and Exchange Commission for allegedly providing impermissible benefits to government officials in several countries, regulators announced Tu...
Hertz picks a ‘foreign’ partner to boost EV adoption in the U.S.
Hertz Global Holdings Inc (NASDAQ: HTZ), on Tuesday, partnered with BP plc (LON: BP) to build a network of EV chargers across the United States. Deal to help boost EV adoption The car rental company i...
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low – Economics Bitcoin News
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank...
S. Korean Regulators Oppose Busan’s Regulatory Measures for Foreign Crypto Exchanges
South Korean financial authorities expressed their opposite stance against Busan City to provide special regulatory support for foreign crypto firms to establish digital asset exchanges, local media o...
Wall Street Rush Into Single-Stock ETFs Takes Risky Foreign Turn
(Bloomberg) — Wall Street watchdogs already concerned about the risks of single-stock ETFs won’t like what’s coming next: funds offering exposure to individual foreign shares unbound by US listi...
Office of Foreign Assets Control (OFAC) Targets Russian Paramilitary Group With Crypto Sanctions
The U.S Treasury Department’s Office of Foreign Assets Control (OFAC) is imposing a ban on five crypto addresses linked to a Russian neo-Nazi paramilitary group. The group known as Task Force Rusich w...
Russia Has Secretly Spent $300 Million To Influence Foreign Elections, U.S. Says
Topline Russia has spent over $300 million attempting to win over politicians and political parties in dozens of countries since 2014, and it plans to spend even more money in future years, U.S. offic...
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions – Africa Bitcoin News
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restric...
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option – Finance Bitcoin News
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While t...
Australian Treasury consults public on Bitcoin foreign currency tax exclusion
Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if ...
Foreign Immigration Could Relieve U.S. Trucker Shortage
The U.S. needs more trucks like this on the road – but there are not enough drivers. getty As the saying goes, “Houston, we have a problem.” That is to say, we have an acute shortage of truck dr...
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments – Finance Bitcoin News
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The top government official also called for increasin...
Crypto accounts for most foreign exchange violations in South Korea
Financial crimes using cryptocurrencies are on the rise in South Korea. About 75% of violations of the country’s Foreign Exchange Transactions Act so far this year involved crypto, according to a repo...
South Korea Will Shut Down 16 Unlicensed Foreign Cryptocurrency Exchanges – crypto.news
The Financial Intelligence Unit (FIU) has informed law enforcement agencies of 16 overseas virtual currency enterprises accused of breaking the Specific Financial Information Act by conducting undiscl...
Crypto Contributes 75% To Illegal Foreign Exchange Transactions In This Country
South Korea has become a leading crypto market in the last two years, with crypto transactions rising record higher. However, the lack of crypto regulations and government oversight led to crypto-rela...
Iran Impart Association Calls For Regulatory Clarity About Crypto In Foreign Trade
Iran’s association of importers have now called for regulatory framework for cryptocurrency. This is after the Iranian government has officially used crypto to pay for the imports. In order to continu...
Iran Import Association demands regulatory clarity to use crypto in foreign trade
In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocu...