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Seven held as Chinese police probe US$3bn underground currency racket China's public security ministry cracked down on more than 380 illegal underground banks last year, involving over 900 billion yuan, as the authorities attempted to stem an exodus of cash flowing out of the country as the value of the nation's currency weakened. The authorities places limits on the ...
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Time to store money in gold? To tackle the cryptocurrency, London-based Fintech, a startup, has teamed up with Lloyd Banking Group in the UK and Mastercard, to come out with a solution — a staggered launch of a multi-currency account app called Glint that lets you store your money in gold and convert back to currency at any ...
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