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Bitcoin will Hold Strategic Importance to Strengthen US' Position Against China, Says JD Vance
On May 28, JD Vance took centre stage at the ongoing Bitcoin Conference in Las Vegas. As part of his 45-minute-long address, the US Vice President stated that Bitcoin will be strategically integrated into the US financial system to strengthen its position against China as tensions between the two nations remain volatile and intense.
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Navinder Singh Sarao: How This Indian Trader Wiped Off $1 Trillion From US Market
Navinder Sarao's case sparked intense debate within the financial community, with some viewing him as a scapegoat for systemic issues within the markets
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Planning To Move To Europe? These Are The Best And Worst Countries To Retire
Three European nationsIceland, Netherlands, and Denmarkhave the best pension systems across the globe, as per US consultancy Mercer.
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Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
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Indian Financial System Completely Insulated From Developments In US, Switzerland: RBI Governor
India's financial system remains "completely" insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country's banking system is resilient, stable and healthy.
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RBI Chief Cautions Banks On Asset-Liability Mismatch Amid SVB Crisis
Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.
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How Washington Scrambled As Silicon Valley Bank Collapsed
The US government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis.
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Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
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US’ New ‘TRUST Act’ Brings Dollar-Pegged Stablecoins Under Financial System, Lists Rules
The US is exploring day-to-day use cases of stablecoins, pegged against the US Dollar. A new TRUST Act has been introduced, that regulates relevant stablecoins in a bid to shape-up its transparency and security. Stablecoin issuers will now have to identify themselves in the US, and operate only after securing official licences.
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Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
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US "Best Place" To Hide, Launder Illicit Funds, Says Top Official
While small countries are often perceived as major havens for hiding or laundering money, "enormous amounts of illicit funds" end up in the US financial system, Treasury Secretary Janet Yellen said Thursday.
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Google, Amazon, Microsoft Deemed Too Big to Fail by Bank Regulators; Causes Worry
Over a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google, Amazon, and Microsoft that host a growing mass of bank, insurance and market operations on their vast cloud internet platf...
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China Stifling Democracy With Hong Kong Election Plan, Says US
The United States on Thursday denounced China's approval of sweeping changes to Hong Kong's electoral system, saying Beijing was stifling democracy in the financial capital.
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Bitcoin will Hold Strategic Importance to Strengthen US' Position Against China, Says JD Vance
On May 28, JD Vance took centre stage at the ongoing Bitcoin Conference in Las Vegas. As part of his 45-minute-long address, the US Vice President stated that Bitcoin will be strategically integrated into the US financial system to strengthen its position against China as tensions between the two nations remain volatile and intense.
-
Navinder Singh Sarao: How This Indian Trader Wiped Off $1 Trillion From US Market
Navinder Sarao's case sparked intense debate within the financial community, with some viewing him as a scapegoat for systemic issues within the markets
-
Planning To Move To Europe? These Are The Best And Worst Countries To Retire
Three European nationsIceland, Netherlands, and Denmarkhave the best pension systems across the globe, as per US consultancy Mercer.
-
Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
-
Indian Financial System Completely Insulated From Developments In US, Switzerland: RBI Governor
India's financial system remains "completely" insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country's banking system is resilient, stable and healthy.
-
RBI Chief Cautions Banks On Asset-Liability Mismatch Amid SVB Crisis
Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.
-
How Washington Scrambled As Silicon Valley Bank Collapsed
The US government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis.
-
Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
-
US’ New ‘TRUST Act’ Brings Dollar-Pegged Stablecoins Under Financial System, Lists Rules
The US is exploring day-to-day use cases of stablecoins, pegged against the US Dollar. A new TRUST Act has been introduced, that regulates relevant stablecoins in a bid to shape-up its transparency and security. Stablecoin issuers will now have to identify themselves in the US, and operate only after securing official licences.
-
Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
-
US "Best Place" To Hide, Launder Illicit Funds, Says Top Official
While small countries are often perceived as major havens for hiding or laundering money, "enormous amounts of illicit funds" end up in the US financial system, Treasury Secretary Janet Yellen said Thursday.
-
Google, Amazon, Microsoft Deemed Too Big to Fail by Bank Regulators; Causes Worry
Over a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google, Amazon, and Microsoft that host a growing mass of bank, insurance and market operations on their vast cloud internet platf...
-
China Stifling Democracy With Hong Kong Election Plan, Says US
The United States on Thursday denounced China's approval of sweeping changes to Hong Kong's electoral system, saying Beijing was stifling democracy in the financial capital.
