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| SNB's Jordan Sees Crypto Currencies as More of Investment Than Currency ZURICH (Reuters) - Swiss National Bank Chairman Thomas Jordan is cautious about crypto currencies, saying he sees products like Bitcoin as more ... the Swiss franc and make franc investments less attractive, adding that the franc remained "highly valued" despite a recent weakening of the currency.
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| UPDATE 2-Romanian PM criticises central bank for not stemming currency weakness The central bank this month signalled that monetary policy will focus on keeping market interest rates near its benchmark rate, and that it would be more flexible on the currency exchange. "The central bank can and must intervene. It hasn't done so," Tudose told private television station Antena3, adding ...
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| UK City Hull Trials Own Digital Currency At this point, several other UK cities, such as Bristol or Lewes, have already tested their own complementary currencies to support the domestic economy. However, they have operated with fiat money while Hull will implement cryptocurrency. Moreover, people won't be able to buy HullCoins with cash, ...
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| Stanbic advocates currency hedging PROPERLY implementation of financial risk management tends to limit the negative impact to businesses, according to a markets expert. Standard Bank's Executive and Head - Client Solutions, Africa Regions, Global Markets - Reginald Mlangeni said that a currency hedging strategy could protect a ...
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| South Korea Won't Regulate Bitcoin, Not Until it Turns a Legal Currency South Korea's financial regulator and watchdog has no intention of regulating bitcoin trading or supervising bitcoin exchanges, a local report has confirmed. Speaking to reporters on Thursday, South Korea's Financial Supervisory Service (FSS) chief Chloe Heung-sik revealed bitcoin isn't deemed a ...
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| Chinese police detain seven in multi-billion underground currency scheme SHANGHAI - Police in southern China have detained seven people in connection with an underground banking scheme involving more than 20 billion yuan ($3 billion), the state news agency Xinhua reported. From a suspicious bank account in Shaoguan, a city in Guangdong province, the investigation ...
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| Again, NDIC warns Nigerians against trading in digital currencies The financial sector insurance regulator, the Nigerian Deposit Insurance Corporation, NDIC, has again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria, CBN. The Director Research, Policy and International Relations, NDIC, Mohammed Umar, ...
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