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10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippinen, Singapur,…

BRICS De-Dollarisierungsschub, China, und Krypto bedrohen die Dominanz des US-Dollars: Analytiker

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China…

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

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An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S….

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments…

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Prüfbericht

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The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first…

Die LBank führt im Juli eine weltweite Grassroot-Bildungskampagne durch

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Top cryptocurrency exchange, LBank, gave its various communities across the world a July to remember. With a lineup of activities, the trading platform kept it interesting, interactional and most importantly, educational for its users. Zusätzlich, the exchange supported several philanthropic…

SEC-Gebühren 11 Leute in $300 Million Forsage Crypto Pyramid und Ponzi-Schema

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Die USA. Wertpapier- und Börsenkommission (SEK) hat vier Gründer und sieben Förderer von Forsage angeklagt, als was es beschrieben hat “eine betrügerische Kryptopyramide und ein Ponzi-Schema.” Die Regelung hat angeblich mehr als angehoben $300 Millionen von Millionen Privatanlegern weltweit,…

Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners

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Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australien, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australien,…

Crypto and Blockchain Firms Constitute 16% of UAE Free Zone’s Record Q1 Company Registrations

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Crypto and blockchain firms constituted 16% des 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre (DMCC) hat gesagt. The surge in crypto-related registrations also coincided with a quarterly period in which the…