Live Breaking News & Updates on டிஜிட்டல் டாலர் ப்ராஜெக்ட்
Stay updated with breaking news from டிஜிட்டல் டாலர் ப்ராஜெக்ட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
June 5, 2021 Share A top Federal Reserve official raised eyebrows in the financial services world last week by saying that the central bank is stepping up development of a plan that could result in the issuance of a digitized version of the U.S. dollar. In doing so, she indicated that the U.S. is joining a growing movement among major economic powers to rethink how money will be exchanged in the future. The U.S. would not be the first country to consider launching what is known as a “central bank digital currency,” or CBDC. China is taking a leading role. But the significance of the dollar to global trade and the world economy in general makes the Fed’s interest in the project especially meaningful for the development and acceptance of what would amount to a form of digital “cash.” ....
Surveys and Reports Regulatory Developments United Kingdom: Financial Services Act 2021 becomes law On 29 April 2021, the Financial Services Bill 2019-21 received Royal Assent. In a press release, HM Treasury described the Financial Services Act 2021 (the Act) as a ‘major milestone in shaping a regulatory framework for UK financial services outside of the EU.’ The Act makes significant amendments to key legislation, including the Financial Services and Markets Act 2000 (FSMA) and onshored EU financial services regulation. Sections of particular relevance include the following: Section 29 requires the FCA to consult on whether it should make rules providing that authorised persons owe a duty of care to consumers. The consultation was launched on 14 May 2021 (see the separate item below). The FCA must publish the results of its analysis before 1 January 2022 and make final rules by 1 August 2022; ....
10 Biggest Companies and Hedge Funds Bullish on Ethereum Crypto stocks have plummeted in value over the past week amid inflation worries, social media speculation, and Chinese restrictions on financial institutions that facilitate cryptocurrency transactions. Bitcoin, the most popular cryptocurrency, has dropped more than 26% in the last seven days, leading to a chain reaction that has affected other stocks that mine blockchain as well. However, amid all the chaos and volatility surrounding crypto in the recent past, Ethereum, the second most popular cryptocurrency in the world, has performed surprisingly well. Big companies like Tesla, Inc. (NASDAQ: TSLA) and Alphabet Inc. (NASDAQ: GOOG) have turned bullish on Ethereum after noticing the steps it is taking to become environmentally stable. Ethereum is in the process of reducing reliance on energy intensive mining. Tesla, Inc. (NASDAQ: TSLA) owner Elon Musk earlier this month suspended Bitcoin payments at his firm citing ....
10 Biggest Companies and Hedge Funds Bullish on Ethereum yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.