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,…

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency. ” How Saudi Arabia Joining BRICS Could Boost

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to

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

Turbulencia extrema del mercado: Los críticos califican la postura de Warren sobre Silvergate como “terriblemente mal informada”,’ SVB colapsa, La liquidación de tokens de Vitalik mueve los mercados, y más: resumen de la semana

It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, A NOSOTROS. Senator Elizabeth Warren blaming the event oncrypto risk,” and individuals on social media pointing out that Warren isterribly misinformed.” Además, A NOSOTROS. Reguladores…

As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

109 years ago, los Estados Unidos. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, más que 96% of the greenbacks purchasing power has been erased

El yuan alcanza un nuevo mínimo frente al dólar estadounidense mientras los inversores reaccionan al respaldo de la oferta del presidente chino para el tercer mandato

The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the

US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans

Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon,…

Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Israels central bank says the publics adoption of the digital shekel is not expectedto materially affect the banking system.” El Banco, sin embargo, warns that any issuance of such digital currency will likely result in a decline of the volume of

Edward Snowden llama a las CBDC “moneda criptofascista”, “más cerca de ser una perversión de la criptomoneda”

En octubre 9, El denunciante y defensor de la privacidad Edward Snowden publicó un editorial de opinión sobre las monedas digitales del banco central. (CBDC) y las CBDC afirmadas son “el peligro más nuevo que asoma el horizonte público.” Snowden destacó que más que ser una innovación, CBDC’somos “cerca…