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Politic

A collection of 269 issues

How Chinese State-Owned Banks are Responding to US Sanctions Against Russia

In the evolving landscape of international finance and geopolitics, the impact of U.S. sanctions is resonating far beyond its intended borders. A recent report by Bloomberg highlights a significant shift in the operations of China's state-owned banks. These institutions are now increasingly wary of investing in Russia, following the

Spanish Citizens to Declare Foreign Crypto Holdings By End of March 2024

Madrid, Spain – Spanish residents who hold cryptocurrency assets on non-Spanish platforms face a new legal requirement: they must declare these assets by March 31, 2024. This mandate is part of a broader effort by the Spanish government to regulate the burgeoning virtual asset market. Background of the New RegulationThe Spanish

Frankfurt Poised to Become EU’s Anti-Money Laundering Hub: Germany Proposes Financial

Capital for New Agency In a significant development for European financial regulation, Germany has proposed Frankfurt am Main as the new headquarters for the European Union’s anti-money laundering agency. This suggestion, put forward by the German Finance Minister, positions Frankfurt, a key banking center, as a frontrunner in a

Binance

Binance, the renowned global cryptocurrency exchange, finds itself in legal turmoil. Allegations have been made against Binance for supposedly breaching securities and competition regulations, all with the goal of monopolizing the cryptocurrency trading platform arena. As per a report by Bloomberg, the roots of the controversy can be traced back

Republicans introduced a bill to establish a regulatory framework for cryptocurrency

A group of Republicans in the US House of Representatives has introduced a 212-page Financial Innovation and Technology for the 21st Century bill. The initiative aims to define the role of regulators in managing and overseeing the cryptocurrency market.

SEC fines Coinme and their partners $4 million

The US Securities and Exchange Commission (SEC) has fined Coinme, Up Global and businessman Neil Bergquist a total of nearly $4 million. The defendants accepted the fine without admitting or denying wrongdoing. The regulator issued the fine for the UpToken ICO, which took place back in 2017. In a statement,

Zimbabwe to issue CBDC backed by gold

The Central Bank of Zimbabwe intends to put into circulation CBDC backed by gold. In this way the regulator hopes to stabilise the economic situation, strengthen the national currency and slow down inflation.

Coinbase launches "Crypto435" political project

Cryptocurrency exchange Coinbase has launched "Crypto435" information campaign. It aims to promote cryptocurrency-friendly rhetoric ahead of U.S. elections. The number in the name refers to the number of election districts in the United States.

India's central bank seeks total ban on cryptocurrencies

The Reserve Bank of India (RBI) has opposed legalisation of the cryptocurrency market. It believes that the term 'cryptocurrencies' is very vague and digital money itself is similar to gambling. The regulator will push for a total ban on cryptocurrency trading in his country. The central bank chief explained that

China's largest banks have volunteered to save the bankrupt real estate developers

According to Reuters, China's largest commercial banks have pledged to provide developers with new credit worth at least $ 162 billion. In recent weeks, authorities have stepped up measures to support property developers. Many of them previously failed to meet their debt obligations and were forced to stop projects. Now, when