Search Results for: Voolu

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up

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The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New…

China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

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The People’Hiina Pank (PBOC), riik’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in…

Remittances to Africa Set to Drop by 5.4 % juurde $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed

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According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 juurde $41 miljardit. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the…

Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

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During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Täna, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges …

IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600

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Kolmapäeval, USA. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across the…