Bank of England Governor Dismisses Rate Cut Speculations
The Pound’s recent fluctuations were brought on by the Bank of England’s November interest rate decision and guidance update. The Bank’s Governor, Andrew Bailey, has responded to mounting expectations of rate cuts by the third quarter of 2024, indicating a
Read MoreLondon Block Exchange Set To Go Into Liquidation
Though the rumours have been circulating for over a year regarding the poor financial health of the London Block Exchange (LBX), analysts did not take those rumours seriously as the company still looked to be going strong. The company went
Read MoreMajor Money Laundering Regulation Changes Put EU Crypto Firms in Trouble
Money laundering is one of the biggest concerns that European Union has to deal with. This is why 28 EU member states are seeking to quickly implement AMLD5, the Fifth Anti-Money Laundering Directive. The problem with this new regulation change
Read MoreCanadian Investors Think QuadrigaCX CEO Faked His Death
QuadrigaCX is Canada’s largest cryptocurrency exchange and the company is currently in a bit of trouble. QuadrigaCX recently announced that all of its cryptocurrencies stores cannot be accessed. This is because the CEO is alleged to have died on holiday
Read MoreGerman Banks May Start Handling Crypto If New Law Gets Approved
Digital assets and cryptocurrencies present an interesting problem for both governments and major banks. This is because most countries do not have any existing laws in place to address the regulation of digital currencies or the technology that it uses.
Read MoreWhistleblowers Help CFTC To Clean Up Trading Markets
The Commodity Futures Trading Commission (CFTC) has been working hard this year to ensure that all financial markets in the United States operated smoothly. This usually entails cracking down on the many crafty schemes and violations of FX trading and
Read MoreUKJT Looks To Clear Up Confusion On Cryptoassets
One of the problems that most governments around the world have with cryptocurrencies and related assets is that they are in a bit of a legal gray area. This makes it difficult to classify them under the law, which is
Read MoreFacebook Shifts Focus From Libra To New Payment Service
Facebook has been making news in the financial world for its controversial Libra Project. Central banks around the world are up in arms over the possibility that Facebook could launch its own digital currency and change the global financial landscape.
Read MoreBIS Will Focus On Developing Digital Currencies
The Bank of International Settlements (BIS) has decided to focus on developing new digital currencies and will have a separate department led by former ECB executive board member Benoit Coeure to lead this project. Facebook’s Libra project and Apple’s recent
Read MoreIreland Grants Coinbase An e-Money License To Operate In The EU
Brexit hasn’t affected the fintech industry in the United Kingdom as much as the financial sector. These concerns have also hampered cryptocurrency companies who have considered moving out of the UK to mitigate these risks. Coinbase which has its non-US headquarters in London recently announced
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