Currency

Charting J-Coin: Japan’s Government Back Leap Into Digital Currency

As digital currencies continue to experience soaring interest worldwide, growing numbers of banks and central governments are strategically positioning themselves to capitalize on its advantages. One recent example is in Japan, where Japanese banks announced plans to introduce a digital currency in time for the 2020 Tokyo Olympics. A consortium of banks, led by Mizuho Financial Group and Japan Post ...

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Fake currency racket with Pak links busted, J&K resident among five held | Bareilly News

Rampur/Bijnor: An international fake currency syndicate, being controlled from Pakistan and Thailand, was on Saturday busted in Amroha district with the arrest of five persons, including a Jammu and Kashmir resident. Counterfeit currencies of the US, Myanmar, Malaysia and Thailand having face value of Rs 15 lakh were seized by police in two raids conducted in Amroha and Moradabad districts. ...

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MONEY CHANGERS VANISH newsdzeZimbabweNewsdzeZimbabwe

Illegal foreign currency dealers disappeared from the streets yesterday and immediately went underground following the promulgation of harsh regulations that criminalise cash vending without permission from the Reserve Bank of Zimbabwe (RBZ). A survey by the Daily News showed yesterday that illegal foreign exchange trading points in the major cities of Harare and Bulawayo were deserted as money changers retreated ...

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Virtual Currencies Expected to Regulated in China on October 1st

Regulation Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March 15th. ...

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‘Chinamasa must be arrested’ – DailyNews Live

Blessings Mashaya  •  30 September 2017 10:57AM  •  0 comments HARARE – Finance minister Patrick Chinamasa is under pressure to deal with the current economic crisis, as legislators from both the Zanu PF and opposition MDC called for his arrest, accusing him of promoting the foreign currency parallel market. Speaking in the National Assembly after Chinamasa’s ministerial statement, ...

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With two Japanese cryptocurrencies coming, ATMs may be on the way out- Nikkei Asian Review

TOKYO — While new financial technologies are catching on overseas, Japan has clinged to cash. Virtual currencies like bitcoin are attracting huge sums of speculative money from individual investors, and digital payment systems like Alibaba Group Holding’s Alipay are making it easier for consumers to buy stuff. Belatedly, Japanese corporate chieftains have noticed. This summer, Nobuyuki Hirano, president of Mitsubishi ...

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Hedging makes the difference in FX market

Are investors comparing ‘like with like’ when they compare US and European yields in credit markets? At the beginning of the year, the European high yield bond market, represented by the Bank of America Merrill Lynch European Currency High Yield Index, was yielding 3.5 per cent. The US market, represented by the BofA ML US High Yield Master II Index, ...

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