Annual inflation in UK in April speeds down to 2.4%
In April this year consumer prices in Great Britain edged up by 0…
South Korea inspects six financial institutions over customers’ virtual currency accounts
On Monday, South Korea's financial regulator told that it’s jointly executing inspections on six local financial institutions, offering virtual currency accounts to businesses amid soaring concerns that the most active use of assets like bitcoin could provoke a leap in crime.
The joint inspection by the Financial Services Commission as well as and Financial Supervisory Service is going to scrutinize if the country’s banks are adhering to anti-money laundering regulations and utilizing real names for accounts. That’s what FSC Chairman Choi Jong-ku informed at a press conference.
Choi stressed that virtual currency can’t function as a means of payment now, and it’s being employed for illegal purposes like scams, money laundering and fraudulent investor operations.
As for the side effects, they’re severe enough, causing hacking issues at the institutions, which handle cryptocurrency, as well as an unreasonable jump in speculation.
Similar
Forex today: risk-off sentiment is shaking markets
The US dollar managed to recover after a slight fall. The US dollar index is near $93.80.
Forex today: the greenback is losing ground
It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
