Finance

Source: AdobeStock / william87 Cryptocurrency adoption in the US has expanded, with some 13% of American adults owning crypto in July, up from 10% in January 2022, according to a recent report by personal finance comparison site Finder.com. A spokesperson for Finder.com told Cryptonews.com that the survey has been running since April 2022, and “the …

US Crypto Ownership Rises This Year to 13%, ‘Consumers Were Hoping to Buy the Dip’ Read More »

Home » Business » South Korea finance giants eye digital asset exchanges by H1 2023 A new wave of digital assets exchanges is about to hit the South Korean market as several traditional finance firms set up talks with regulators to get the necessary licenses to establish digital asset exchanges that will start operating in the first …

South Korea finance giants eye digital asset exchanges by H1 2023 Read More »

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Summary: Leading crypto exchange Binance was present during a senate hearing in the Philippines. The crypto exchange also supposedly targeted a VASP license in the Philippines back in June. Crypto regulations and decentralized finance were among the chief topics during the session. Top regulators like Bangko Sentral ng Pilipinas and the Security Exchange Commission were …

Binance Discusses Crypto Regulations With Financial Watchdogs In The Philippines Read More »

China’s Cabinet, State Council, outlined a 19-point policy package on Wednesday while announcing economic stimulus measures worth CNY1 trillion ($146 billion) to stimulate growth affected by covid lockdowns and property market crisis, per Bloomberg. Key takeaways The stimulus measures will include “another 300 billion yuan that state policy banks can invest in infrastructure projects, on top …

China announces additional stimulus worth CNY1 trillion to rescue economy Read More »

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.8536 vs the last close of 6.8579 and at the weakest level since Aug. 31, 2020. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last …

USD/CNY fix: 6.8536 vs the last close of 6.8579, weakest since Aug. 31, 2020 Read More »