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| Local currency settlement framework launched; 7 Malaysian banks appointed KUALA LUMPUR: Cross-border settlements using local currencies to settle trade and direct investments have taken shape and will strengthen further on the back of strong intra-Asean trade said Bank Negara Malaysia governor Tan Sri Muhammad Ibrahim. The data, in terms of trade and investment, ...
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| Bitcoin regulation: Why it makes sense to recognise it as a currency One of the challenges that Bitcoin poses is that it lends itself very easily to bypassing currency regulations. It was designed that way, with its decentralised verification network and built-in anonymity. As a result, the cryptocurrency has also been used for all sorts of criminal transactions on the Dark Web.
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| Asia: Currencies mostly stronger against the USD in 2017 - ANZ "Our Asian currency index shows a gain of almost 6% year-todate against the USD. The KRW was the strongest performer with a 10.6% appreciation, while the PHP was the worst with a loss of 2% due to a weakening external position. The unwinding of the Trump trade, a strong export recovery in Asia ...
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| It's Time for India's Blockchain Digital Currency, Affirms RBI's Research Arm She put a question mark whether the Special Drawing Rights or SDRs can replace the ongoing international currencies. SDRs are a type of artificial currency whose value depends on other currencies. It is expected that if that happens then SDR may come up with a type of cryptocurrency may be known ...
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| EM ASIA FX-Most Asian currencies edge higher as dollar dips ahead of Fed Dec 11 (Reuters) - Most Asian currencies were firmer on Monday as the dollar weakened broadly after disappointing wage data raised questions about the pace of U.S. interest rate increases next year. The dollar index , which tracks the greenback against a basket of six major rival currencies, was down ...
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| Egypt's Economy Rebounds as Inflation Drops, Inflows Rise (Bloomberg) -- Egypt's headline inflation rate rose at its slowest pace in nearly a year in November while the current account deficit fell by more than 65 percent in the first quarter of the fiscal year, offering the latest evidence that the economy is rebounding 12 months after the currency flotation.
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| Kevin O'Leary Says Bitcoin Won't Work As A Currency He told CNBC that snag showed him why he'll be forever reluctant to endorse the idea of Bitcoin as a currency. O'Leary revealed that he recently had to settle a transaction with a European player for USD $200,000. O'Leary suggested using Bitcoin, since, in theory, all he'd have to do was buy the digital ...
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| BNM: Asean initiatives at 'new pinnacle' with local currency settlement KUALA LUMPUR (Dec 11): Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim said the Association of Southeast Asian Nations (Asean) has reached a "new pinnacle" of regional initiatives where cross-border settlements using local currencies to settle trade and direct investments have ...
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| Asia: Currencies mostly stronger against the USD in 2017 – ANZ After four years of depreciation, Asian currencies put in a much stronger performance in 2017, points out the research team at ANZ. Key Quotes. "Our Asian currency index shows a gain of almost 6% year-todate against the USD. The KRW was the strongest performer with a 10.6% appreciation, while the ...
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