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| Governments explore blockchain for national currency The global blockchain technology market in the banking, financial services and insurance (BFSI) sector will grow by approximately 63% by 2022, according to Technavio. The market research firm notes that increasing government investments in blockchain technologies will be the main driver of the ...
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| The life of a virtual currency dealer In 2017, a story was told in Uganda's Daily Monitor of a pastor who got worried that a member of his flock had sold everything to invest in a digital currency deal. Unable to convince him to drop the idea, the worried cleric shared the story with a financial expert, and the matter escalated to the Bank of ...
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| BSE to launch cross-currency derivatives next week The announcement comes after the exchange received markets regulator Sebi's approval for introducing cross-currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY). It has also obtained permission to introduce ...
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| Venezuela's digital coin makes debut Socialist President Nicolas Maduro late last year announced he was creating the digital currency to outmaneuver U.S. sanctions preventing cash-strapped Venezuela from issuing new debt. But the U.S. Treasury Department has thrown a damper on the release, warning U.S. citizens and companies who ...
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| Currency swap with Switzerland proves outside trust of Korean economy Bank of Korea (BOK) Gov. Lee Ju-yeol (R) shakes hands with Thomas Jordan, chairman of the Swiss National Bank`s governing board, after signing a bilateral currency swap deal on Feb. 20, 2018, in this photo provided by the BOK. (Yonhap) ...
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| Crypto-currency mining sparks equipment surge Some of the biggest electronics bazaars in Asia are being flooded with customers looking for the latest piece of technology: crypto-currency mining rigs. Scores of miners from around the world are travelling to places like Hong Kong's Sham Shui Po and Singapore's Sim Lim Square to buy the rigs, which ...
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| Litecoin Scammers Posing as Currency's Founder Continue to Damage Crypto Confidence USA News Group - Cryptocurrency has been hot property in recent months, but as everyone knows, where money flows so do scammers. A recent scheme by Litecoin scammers is further eroding confidence in these currencies as phishers looking to steal Litecoin pose as the company's founder on ...
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| The rising trend of "no cash accepted" as European currency goes electronic With the bitcoin price climbing and falling faster than team Verdict can keep up, it's too soon to say whether blockchain technology is the future of currency. However, what seems certain is that the aged practice of swapping pieces of paper and lumps of metal for commodities is heading for the history ...
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| Shilling exposed as IMF withdraws dollar cover The precautionary facility has been one of tools that have helped Kenya stabilise the shilling against the dollar – making the local currency to buck the general ... Withdrawal of the facility leaves foreign reserves as the only buffer now available to the CBK to protect the shilling in the currency market.
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