Malaysia, Indonesia, and Thailand promote domestic currency use in bilateral transactions

Related articles

• SEC dodges Coinbase’s crypto regulation request, raises concerns

  TL;DR Breakdown The SEC has yet to decide on clarifying cryptocurrency regulations, despite Coinbase’s request. Coinbase’s petition sought clarification on classifying assets as securities and regulating digital native securities. SEC’s Chief Legal Officer, Paul Grewal, criticized the SEC’s false claims of no decision and refusal to commit to a deadline. In a recent development, the U.S. Securities and Exchange Commission (SEC) has yet to decide on clarifying new cryptocurrency regulations following a special request from Coinbase, the nation’s largest crypto exchange. In a filing on Tuesday, the Wall Street regulator stated that it had not determined its course of action regarding Coinbase’s petition for rulemaking. This comes in response to an order from Judge Cheryl Ann Krause of the U.S. Court of Appeals for the Third Circuit, who required the SEC to disclose whether it intends to deny Coinbase’s petition. The filing, made last year, sought clarification from the SEC on classifying assets as securities and regulating digitally native securities. Coinbase’s Chief Legal Officer, Paul Grewal, voiced his concerns on Twitter, emphasizing that the SEC persists in falsely claiming they…

  Article 2023年6月16日

• U.S. and China officials meet to mend relations

  Description The recent power play between two of the world’s most influential giants, the U.S. and China, took an unexpected turn as they sought to bridge the gap in Malta. Let’s be frank here. With tensions bubbling beneath the surface, especially concerning Taiwan and the ongoing Russian conflict in Ukraine, this diplomatic encounter is like pouring … Read more The recent power play between two of the world’s most influential giants, the U.S. and China, took an unexpected turn as they sought to bridge the gap in Malta. Let’s be frank here. With tensions bubbling beneath the surface, especially concerning Taiwan and the ongoing Russian conflict in Ukraine, this diplomatic encounter is like pouring cold water on a simmering pot. But is it enough to prevent the pot from boiling over? Navigating Troubled Waters Jake Sullivan, the U.S. national security adviser, and Wang Yi, China’s top foreign policy figurehead, clocked in some serious discussion hours over the weekend. The White House emphasized the meeting’s focus on the bilateral ties and the tumultuous situation in Ukraine. There’s no missing the elephant…

  Article 2023年9月18日

• Coinbase acquires stake in Circle, ushering in a new era for USDC stablecoin

  TL;DR Breakdown Coinbase has acquired an equity stake in Circle, aligning the two companies strategically and economically, with Circle taking full control over USDC issuance and governance. USDC, the second-largest stablecoin, will launch on six new blockchains between September and October, expanding its reach to 15 blockchains in total. The agreement streamlines operations and enhances Circle’s accountability as the USDC issuer, reflecting a broader trend in the crypto economy and setting the stage for the stablecoin’s future growth and adoption. Description Coinbase, one of the leading crypto exchanges, has officially acquired an equity stake in Circle, the issuer of the USDC stablecoin. The acquisition was announced in a joint press release by both companies. However, the agreement between Coinbase and Circle marks a significant shift in the governance and operations of USDC. Circle will remain the … Read more Coinbase, one of the leading crypto exchanges, has officially acquired an equity stake in Circle, the issuer of the USDC stablecoin. The acquisition was announced in a joint press release by both companies. However, the agreement between Coinbase and Circle marks…

  Article 2023年8月22日

• Coinbase responds to SEC lawsuit – Here is what they said

  TL;DR Breakdown Coinbase CEO Brian Armstrong responded to the SEC lawsuit, voicing confidence in the company’s position and readiness to seek clarity through legal means. Armstrong pointed out that the SEC had approved Coinbase to go public in 2021 and the firm had tried to work within unclear regulatory confines. He highlighted the regulatory confusion with conflicting stances from the SEC and CFTC on defining securities and commodities. Drawing upon an atmosphere thick with tension and marked by regulatory uncertainty, the cryptocurrency powerhouse, Coinbase, now finds itself in the spotlight following charges levied against it by the U.S. Securities and Exchange Commission (SEC). The CEO of Coinbase, Brian Armstrong, responded swiftly and assertively to these allegations, voicing his confidence in the company’s standing and expressing determination to seek clarity through legal channels. His comments came in a long tweet that underscored the urgency and depth of the regulatory conflict in the rapidly evolving crypto sector. He also attached a video that I, personally, enjoyed watching a lot. Coinbase’s legal stance The Coinbase leader began his defense by proudly stating that…

  Article 2023年6月12日

• China and Japan use new tricks to stifle US dollar

  Description The stage is set as China and Japan craft strategic maneuvers to mitigate the overbearing strength of the US dollar. Their determined tactics are in response to an intimidating rally by the greenback that menacingly shadows their national currencies, potentially leading them to unprecedented dips. Asian Titans Brace for Economic Upheaval Asia’s heavyweights, China and … Read more The stage is set as China and Japan craft strategic maneuvers to mitigate the overbearing strength of the US dollar. Their determined tactics are in response to an intimidating rally by the greenback that menacingly shadows their national currencies, potentially leading them to unprecedented dips. Asian Titans Brace for Economic Upheaval Asia’s heavyweights, China and Japan, are no strangers to currency challenges. Historically, a subdued renminbi and yen have paved the way for a thriving export industry in these nations. Fast forward to the present day, and the picture looks rather different. This year alone has witnessed the renminbi plummeting by 5.6% against the dollar, while the yen’s decline is even steeper at 11%, floating past ¥147. The culprits? The commanding…

  Article 2023年9月7日