Best crypto memes of the day – August 30th

Related articles

• IMF waits in vain for concrete BRICS currency proposal

  TL;DR Breakdown IMF awaits a solid proposal on the rumored BRICS nations’ common currency. Currency composition shifts are slow, as evidenced by the reduction of USD in global reserves from 70% to 58%. New Development Bank’s VP asserts the development of an alternative to USD dominance is a long-term goal. A common BRICS currency faces hurdles due to the need for wide-ranging consent and collaboration. Description Amid rumors and rising anticipations about a novel common currency from the BRICS nations, the International Monetary Fund (IMF) bides its time, waiting for a tangible proposal. While this idea has stirred curiosity and concern across financial sectors globally, the IMF has yet to receive any detailed proposition from the BRICS (Brazil, Russia, India, China, … Read more Amid rumors and rising anticipations about a novel common currency from the BRICS nations, the International Monetary Fund (IMF) bides its time, waiting for a tangible proposal. While this idea has stirred curiosity and concern across financial sectors globally, the IMF has yet to receive any detailed proposition from the BRICS (Brazil, Russia, India, China, South…

  Article 2023年7月17日

• Janet Yellen dispels doubts, praises dollar’s indispensability

  TL;DR Breakdown U.S. Treasury Secretary, Janet Yellen, has defended the supremacy of the U.S. dollar in global economics, dismissing efforts by other countries, including China, to circumvent the dollar’s role. Yellen acknowledged the growing trend of countries looking for alternative reserve currencies to rival the greenback, which is mainly motivated by their desire to evade U.S. sanctions. The move towards alternative currencies comes amid increased calls for a global economy less reliant on the dollar, with some countries opting to use their own currencies for cross-border transactions. Janet Yellen, U.S. Treasury Secretary, recently addressed the U.S. Congress, asserting the supremacy and insurmountable role of the greenback in the world’s financial landscape. Emphasizing the fundamental challenges any country, including major players like China, would face in attempting to circumvent the U.S. dollar, Yellen confidently proclaimed the enduring potency of the U.S.’s economic might. Countries’ quest for dollar alternatives In her address to the Financial Services Committee of the U.S. Congress on June 13, Yellen recognized the ongoing international quest to forge alternative reserve currencies capable of challenging the dominant greenback. She…

  Article 2023年6月19日

• HSBC slashes mortgage rates, sets new trend

  TL;DR Breakdown HSBC has reduced its fixed-term mortgage rates, offering hope to homeowners facing nearly 7% borrowing costs. The bank has reduced the cost of residential products by up to 0.35 percentage points. Smaller lenders are also indicating a shift towards lower rates, but others are increasing prices. Description Leading the way in an unexpected turn of financial events, HSBC, one of the major lending institutions in the United Kingdom, has boldly cut its fixed-term mortgage rates. This audacious move sparks a glimmer of hope amidst homeowners grappling with near-7% borrowing costs. HSBC breaking from the pack HSBC, the country’s sixth-largest bank, made public … Read more Leading the way in an unexpected turn of financial events, HSBC, one of the major lending institutions in the United Kingdom, has boldly cut its fixed-term mortgage rates. This audacious move sparks a glimmer of hope amidst homeowners grappling with near-7% borrowing costs. HSBC breaking from the pack HSBC, the country’s sixth-largest bank, made public its decision to decrease the cost of residential products by a significant 0.35 percentage points. The move is…

  Article 2023年7月27日

• Russia to recognize foreign CBDCs as digital ruble law takes effect

  TL;DR Breakdown Russia has announced that it will recognize digital currency issues by other countries country’s as its CBDC law takes effect. Bank of Russia in talks of integration its CBDC with other payment systems. Description In a significant development, the Russian government has officially acknowledged digital currencies issued by other nations, signaling an important step in the country’s evolving stance on cryptocurrency. Alongside this move, the country has also implemented a dedicated law that regulates its digital currency, the digital ruble. Reports from local crypto media outlets reveal that the … Read more In a significant development, the Russian government has officially acknowledged digital currencies issued by other nations, signaling an important step in the country’s evolving stance on cryptocurrency. Alongside this move, the country has also implemented a dedicated law that regulates its digital currency, the digital ruble. Reports from local crypto media outlets reveal that the country’s legal recognition of foreign digital currencies parallels the adoption of its digital ruble. Russia amends its federal law on currency control According to the official online portal for legal information,…

  Article 2023年8月7日

• G20 advances global crypto framework – Details

  TL;DR Breakdown G20 leaders, representing two-thirds of the global population, push for a unified crypto framework by 2027. The Crypto-Asset Reporting Framework (CARF) aims to increase visibility into crypto transactions and the people behind them. The proposed system involves an annual automated exchange of information on transactions from unregulated platforms. Description The G20’s audacious move toward standardizing the wild west of crypto continues. Dominating headlines from their recent summit in New Delhi, leaders of these powerhouse economies announced a fervent push for a globally cohesive approach to cryptocurrency assets. An Unapologetic Move Towards Transparency The G20’s drive isn’t just another lofty political aspiration; it’s a definitive … Read more The G20’s audacious move toward standardizing the wild west of crypto continues. Dominating headlines from their recent summit in New Delhi, leaders of these powerhouse economies announced a fervent push for a globally cohesive approach to cryptocurrency assets. An Unapologetic Move Towards Transparency The G20’s drive isn’t just another lofty political aspiration; it’s a definitive game-changer. The goal? Establish a Crypto-Asset Reporting Framework (CARF) to streamline information exchange between countries by…

  Article 2023年9月11日