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Securities regulator warns about digital currency targeting Nova Scotians According to the company's website, it's in the midst of an initial coin offering for its digital currency. "The highest red flag is they're not registered in Nova Scotia, so we have no confirmation about who they are, who's running this business and what they're offering is actually legitimate," said commission ...
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Why Is the Hong Kong Dollar Probing the Weak End of Its Band? The currency hit 7.8440 per U.S. dollar on Friday and has dropped 66 basis points since November. Graphic: http://reut.rs/ ... Thus, even though the U.S. dollar <.DXY> has been weakening against major currencies, the Hong Kong dollar peg has been weakening within its band against the U.S. dollar.
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The dethroning of the dollar But before we get into the nitty-gritty, let's unpack what a reserve currency means. Basically, whenever two countries trade goods and services, they inevitably trade currencies. But no country controls any currency but their own. That makes it useful to stockpile (i.e. reserve) other currencies for a rainy day ...
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Cash Might Die but No Hurry to Develop Digital Currency: China Central Bank Chief Speaking during China's annual Two Sessions conference in Beijing today, People's Bank of China (PBoC) governor Zhou Xiaochuan claimed the authority is in no hurry to develop a digital currency. The governor was answering questions during a press conference on the sidelines of China's annual ...
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