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Iran Grapples With a Volatile Currency To drive up demand for Iran's currency, the bank temporarily raised bank deposit rates on the rial to 20% after they had been lowered to 15% in September. Authorities also arrested 90 unauthorized currency traders, accusing them of catering to speculators who undermined the rial. With those moves ...
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The Supreme Court: Digital Currency Companies Can Continue Operating Through Bank Accounts On February 25, 2018, the Supreme Court ruled that the reasonability of the bank's decision to refuse to allow virtual currency trading is an issue that has not yet been clarified or decided by the Supreme Court, and this issue encompasses not only a decision about the nature of the risk posed by virtual ...
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Nigeria: CBN Begins Campaign for Lower Currency Denominations Abuja — The Central Bank of Nigeria (CBN) Tuesday rolled out a campaign to inject lower currency denominations into the financial system with a view to stemming their shortage which has elicited the clamour by traders and regular users for the Bank's intervention. To address the scarcity of the lower ...
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SEC and CFTC Offer Views on Regulation of Virtual Currency On February 6, 2018, SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo provided testimony on virtual currencies to the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Their written statements and testimony can be found here. Below we provide a summary of the ...
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What Is The Difference Between Bitcoin And Ripple? XRP – which is the actual cryptocurrency – is a token which is used on the Ripple network to facilitate transfers of money between different currencies. Existing settlement systems generally use US dollars as a common currency for converting between other currencies. This incurs currency exchange ...
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Teva Pharmaceutical announces dual-currency bond deal NEW YORK, Feb 28 (IFR) - Debt-laden Israeli company Teva Pharmaceutical on Wednesday announced a new four-part junk bond offering in US dollars and euros to raise US$3.5bn-equivalent, a lead on the deal said. Teva is offering six and 10-year dollar tranches to raise US$2.25bn and four and ...
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