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

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

BRICS De-Dollarization Push, Porcelana, and Crypto Threaten US Dollar’s Dominance: Analyst

Fitch Solutionsglobal head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s risingeconomic mightas key factors that erode the U.S. dollar’s dominance over time. He cautioned that China

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries

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

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

Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’

Philippine authorities say that they have rescued alleged victims of acrypto trafficking ringwho were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may

legisladores filipinos, Banco Central, La SEC discute la regulación de las criptomonedas en una audiencia en el Senado

The central bank and the Securities and Exchange Commission (SEGUNDO) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto industry, including from crypto exchange Binance. Philippine Regulators Discuss Crypto Policies Philippine

El regulador filipino advierte al público que no se comprometa con proveedores de servicios criptográficos extranjeros

The central bank of the Philippines, the primary regulator of the countrys crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. Theymay present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms

SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme

Los Estados Unidos. Comisión Nacional del Mercado de Valores (SEGUNDO) has charged four founders and seven promoters of Forsage, which it described asa fraudulent crypto pyramid and Ponzi scheme.The scheme allegedly raised more than $300 million from millions of retail investors worldwide,…

Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’

The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “Yo no’t want it banned,” él dijo, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on