Several UK banks are refusing to provide banking services to crypto companies, according to a report by Bloomberg. The situation has worsened in recent weeks,
Author: Shree Edwards
Can The Global Reserve Currency Hold The World Together?
There has been an ongoing debate about whether the United States is holding the world together financially. The country’s status as the global reserve currency
China Completed Trading 65,000 Tons of LNG Imported from the UAE using the YUAN
China has recently completed its first trade of liquefied natural gas (LNG) settled in yuan, marking an important step in China’s efforts to establish more
BIS Working To Improve the Technologically Out Dated Payment System With PVP Settlement Mechanisms
At the opening of the BIS Innovation Hub Eurosystem Centre in Paris, Agustín Carstens said “we are proud that the whole Eurosystem will join …
China’s Yuan For Saudi Arabia Oil Could Become A Possibility
South Africa’s ambassador to BRICS, Anil Sooklal, has announced that the BRICS group of nations will continue reaching out to other nations. It’s no secret
French Authorities Raided Offices of Five Paris Banks In $123 Billion Tax Fraud Probe
French authorities conducted a raid on the offices of five major banks in Paris today as part of an ongoing investigation into fraud and money
Banks Embrace Crypto In China; As Japan Supports A Mainland Crypto Ban
Several Chinese state-owned banks, including Bocom and Bank of China, are reportedly showing interest in working with cryptocurrency firms in Hong Kong. The move comes
The BIS, The Project Mariana, Wholesale CBDCs & Retail CBDCs
The Project Mariana initiative is investigating the use of automated market-makers (AMMs) to automate foreign exchange markets and settlement processes, potentially improving cross-border payments. AMM
Coinbase Global Inc, The Largest U.S. Crypto Exchange Threatened With A Law Suit From The US Securities & Exchange Commission
The US Securities and Exchange Commission (SEC) has issued a Wells notice to Coinbase Global, which implies that it plans to take legal action against
The Two Superpowers China & Russia Team Up Against The US Dollar
During Chinese President Xi Jinping’s visit to Moscow, Russian President Vladimir Putin endorsed the yuan as the currency of choice for Russian businesses in the