Brazil’s set up regulation for crypto
Brazil’s central bank has decided to divide regulation of virtual asset service providers and crypto-assets into phases, with regulatory recommendations expected by the end of this year. This decision postpones the conclusion of the 2022 statute, which allowed for later central bank regulation.
Genesis Global bankruptcy has been approved
Cryptocurrency lender Genesis Global has been approved by a US Bankruptcy Court judge to restore nearly $3 billion in cash and bitcoin to its clients, preventing its owner, Digital Currency Group, from recovering from the bankruptcy. Genesis’ Chapter 11 liquidation plan was accepted, and the court dismissed Digital Currency Group’s objection that Genesis should only…
WHO warned public to get vaccination for measles
A child under five in Ontario has died from measles, marking the first case in the province in over ten years. Public Health Ontario reported the child needed hospitalization and had not received a vaccination. Since 2000, the World Health Organization has saved almost 50 million fatalities from measles. Prime Minister Justin Trudeau attributed recent…
e-CNY is accepted now in Hong Kong
Hong Kong’s de facto central bank president announced that the city will allow mainland China’s pilot digital currency, e-CNY, to be used in local shops. The scheme will enable citizens to create digital wallets using a smartphone app created by China’s central bank, allowing them to make payments at physical stores and online retailers in…
The FED core PCE may rise this month
The US and international markets are expected to see new highs in equities ahead of schedule due to a relaxed Federal Reserve chairman and producer price reading. The tech-heavy Nasdaq set a record closing high on Tuesday, while MSCI’s all-country index charged to all-time highs on Wednesday. The STOXX 600 pan-Europe index also set new…
Bitcoin’s trade volume is far low in Q1 2024
Bitcoin’s retail interest rate recovery is still in its infancy, with just $56 billion in customer trade volumes recorded in Q1 2024. The retail interest rate recovery is far less than the $133.75 billion quarterly average from the previous comparable rally in 2021. The most recent increase was driven by the establishment of U.S. bitcoin…
Japan aim to rising wages and prices balance
Japan’s ruling party member Katsunobu Kato has expressed growing political support for additional interest rate hikes, stating that the central bank needs to closely monitor the economy and consult with the government. Kato believes Japan is moving towards an era where prices and wages are rising, and that monetary policy will revert to the original…
Pfizer and AstraZeneca drop $1 billion investments in France
Pfizer and AstraZeneca have announced significant investments in France, totaling around $1 billion, just before the start of the ‘Choose France’ business event. Pfizer plans to invest $538.5 million in research and development, while AstraZeneca will invest $388 million for its Dunkirk location. The investments come just before President Macron’s yearly ‘Choose France’ campaign begins.