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Norway's crown currency weakens to nine-year low of 9.9675 vs euro OSLO, Dec 20 (Reuters) - Norway's crown currency fell on Wednesday to it weakest level against the euro since December 2008, Thomson Reuters Eikon data showed. At 1520 GMT the crown traded at 9.9675 to the euro, 0.7 percent weaker for the day. The Norwegian crown also fell against the ...
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With dollar peg, Lebanon risks currency hit from regional strife LONDON/BEIRUT (Reuters) - With fixed exchange rates and some of the world's worst debt and balance-of-payment ratios, Lebanon risks serious economic crisis next year should worsening relations with Gulf states choke off the capital flows sustaining its currency's dollar peg. Lebanon's ability to ...
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Appreciating Bitcoin: A Holiday Guide to Legal Hot Topics in Virtual Currency Since its inception, bitcoin has invoked thoughts of a shadow network where users trade in an untraceable electronic currency for drugs, weapons and other illicit goods and services. That world is not a fantasy, and some bitcoin holders have gone so far as to use bitcoins to hire hitmen, see, e.g., United ...
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New comptroller of currency calls for moderate fixes to post-crisis banking rules The top United States bank overseer told reporters Wednesday that he supports moderate changes to the strict post-crisis rules placed on banks. Comptroller of the Currency Joseph Otting said that the Dodd-Frank Act of 2010 helped make banks more aware of their risk, but needed to be revised to ...
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Bitcoin.com co-founder sells his bitcoins, says the currency is "virtually unusable" Swedish co-founder of Bitcoin.com Emil Oldenburg has sold all his Bitcoins, calling the cryptocurrency "risky" and "virtually unusable". "[translated from Swedish] An investment in bitcoin right now I would say is the most risky [sic] investment you can make," Oldenburg told Swedish tech site Breakit.
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Carney warns digital currencies could result in an `instantaneous´ run on banks "If you have a retail central bank digital currency – so in other words a currency that allows any of us and everyone across the country to have an account at the Bank of England, as well as to have an account with other banks – you create a situation where you can have an instantaneous run," Bank ...
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