1,000 Bulgarian nationalists protest against government plans to adopt euro currency – The Associated Press
SOFia, Bulgaria (AP) — Police in the Bulgarian capital clashed with nationalist protesters on Saturday, demanding that government scraps plan to introduce the country into the eurozone. Approximately 1,000 protesters gathered in front of the Sofia office of the European Commission, the European Union's administrative division, and began throwing red paint and firecrackers on the […]
Trump unveils nominees for CFPB director, comptroller of the currency
President Trump sent the Senate a new list of nominations on Tuesday, announcing his selection, leading several major financial regulators in his second administration. Jonathan McCernan has been tapped to chair the Consumer Financial Protection Bureau (CPFB). A former board member of the Federal Deposit Insurance Corporation announced plans to step down from the agency […]
Trump says he will kill ‘wasteful’ US currency
President Donald Trump has announced plans to stop production of penny. “For too long, the US has been minting pennies that cost literally more than two cents,” Trump wrote in The Truth Society. “This is a lot of waste! I have instructed my US Treasury secretary to stop production of new penny.” He added, “Let's […]
President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins – The Daily Hodl
President Trump just signed an executive order recognizing the creation of the National Strategic Reserve of Bitcoin and cryptocurrencies and blocking the development of central bank digital currencies (CBDCs) while promoting the adoption of stablecoins. The order, titled “Strengthening U.S. Leadership in Digital Financial Technology,” states that the government supports the “responsible growth” and use […]
Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors – CNBC
Barry Silbert, founder and CEO of Digital Currency Group Inc., speaks at the Skybridge Alternatives (SALT) conference on Thursday, May 9, 2019 in Las Vegas, Nevada, USA. Bloomberg | Bloomberg | Getty Images Digital Currency Group, the cryptocurrency company founded by Barry Silbert, and former executives from its defunct division are paying $38.5 million to […]
There’s a secret currency converter on your smartphone
Change it here anywhere. International travelers who want to know their destination's local currency now have access to a handy new tool to make their lives easier, built into every iPhone. Gone are the days when you had to use Google every time you looked up prices at a foreign supermarket or restaurant. A clever […]
Argentina Eliminates ‘Inclusive’ 30% Leftist Foreign Currency Tax
Argentina's government on Monday scrapped a hefty 30% “blanket” surcharge imposed by the previous socialist government on foreign currency debit and credit card purchases. The measures are reportedly advantage The move, which affects around 11 million citizens, follows President Javier Millay's decision not to renew taxes beyond the five-year deadline set by law. The now-defunct […]
Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken – Yahoo Finance
Written by Hannah Lang NEW YORK (Reuters) – The dollar rose on Wednesday after U.S. price data was in line with expectations, boosting expectations that the Federal Reserve will cut interest rates next week. A Reuters report that China is considering allowing its currency to weaken next year also boosted the dollar, while the yuan […]
Traders Defy China's Yuan Support, Sending Currency to One-Year Low – Yahoo Finance
(Bloomberg) — Traders buck China's efforts to support the yuan, pushing the yuan weaker for the first time in a year as policymakers say they must continue monetary easing to revive the economy. dropped to a low price. Most Read Articles on Bloomberg The country's 10-year bond yields have fallen to record levels and the […]
Currency Suffers Record-Breaking Crash over Socialists’ Fiscal Policy Battle
Brazil's national currency, the Brazilian real, hit an all-time low on Friday morning as spending cuts announced by the government of radical leftist President Luiz Inacio Lula da Silva failed to calm growing market doubts. It fell. Brazilian Finance Minister Fernando Haddad announced The government's spending cut package this week aims to cut spending by […]