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| AUSTRAC releases AML/CTF guide for digital currency exchange providers Amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) came into force on 3 April 2018 (previously discussed here). These changes include the requirement for digital currency exchange (DCE) providers to register with the Australian Transaction Reports and ...
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| WPP first-quarter revenue down 4%, owing to currency headwinds On a constant currency basis, revenue rose by 2.0%, while like-for-like revenue increased by 0.8%. Executive chairman Roberto Quarta said the figures were in line with WPP's expectations and that the company's guidance for 2018 remained unchanged. WPP is undergoing leadership change following ...
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| New app makes crypto-currency easy for kids Pigzbe was developed by Fillipo Yacob, who also created Cubetto, a wooden robot that teaches young children about the basics of coding. According to its creators, Pigzbe is a 'piggy-wallet' for children, parents and families, making use of its very own family friendly crypto-currency called Wollo (WLO).
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| Pimco Sees Cold Currency War Reigniting, Pushing Dollar Higher (Bloomberg) -- The resumption of a "cold currency war" among global central banks could trigger a stronger dollar, Pacific Investment Management Co. ... Pimco's global economic adviser, who defines a "cold" conflict as one fought with words and covert action rather than outright currency intervention.
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| World's central banks can't quit on currency intervention History shows that central banks rarely stem a currency's long-term decline simply by spending foreign-exchange reserves. Yet not stepping in at all can prove far worse. That's the logic used by authorities in Brazil, Indonesia and most recently, Argentina, to explain why it makes sense to shower billions ...
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| Exporters warn of massive losses over national currency's ongoing strengthening against euro Europe's single currency currently trades at a 9-year high of 128.86 lek, down 4.5 percent compared to the same period last year with a negative impact on the country's poorly diversified and Eurozone- oriented exports and also damaging local producers who now face tougher competition from cheaper ...
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| Expect High Bitcoin Volatility In Coming Weeks (BTC) From Tyler Durden: If recent history is any guide, crypto traders should be bracing for some serious volatility in the price of bitcoin and bitcoin cash during the coming days and weeks. And no, it won't be David Tepper's "tepid" (no pun intended) assessment of crypto's value. Rather, as The Next Web's ...
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