SELECT LANGUAGE BELOW

Brazil’s central bank prohibits stablecoin and cryptocurrency use for international payments

Brazil's central bank prohibits stablecoin and cryptocurrency use for international payments

Brazil’s Central Bank Bans Stablecoins and Cryptocurrencies for International Remittances Brazil’s central bank has prohibited electronic foreign exchange (eFX) providers from using stablecoins, Bitcoin, and other cryptocurrencies to facilitate international remittances. A new regulation, referred to as BCB Resolution No. 561, was released on April 30. This updated the framework for eFX, which governs digital […]

The wooden statue in Central California needs a name

The wooden statue in Central California needs a name

A New Bear Sculpture Graces Merced County Yogi, step aside. There’s a new bear in town, and this one is made of wood. A monumental wooden bear has just been erected in the San Joaquin Valley. Unlike its wild counterparts, this bear needs a name rather than a picnic basket. Merced County officials have decided […]

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

The US Federal Reserve Keeps Interest Rates Steady The US Federal Reserve decided on Wednesday to maintain interest rates, showing a split in opinions among its members. The Fed noted in a statement that “recent indicators suggest that economic activity is expanding at a steady pace. Job growth has remained low on average, and the […]

Trump’s Justice Department ending criminal investigation of Jerome Powell regarding central bank updates

Trump's Justice Department ending criminal investigation of Jerome Powell regarding central bank updates

Justice Department Ends Investigation into Fed Chairman Powell WASHINGTON — The Justice Department has decided to close its criminal inquiry into Federal Reserve Chairman Jerome Powell concerning costly renovations at the Fed’s headquarters in Washington, D.C. U.S. Attorney Jeanine Pirro made the announcement on Friday, stating that the Fed’s inspector general will now look into […]