Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
Individuals with assets between THB50-100mn can invest overseas up to THB1mn per year; securities and derivatives intermediaries set to participate.
The CBRC is cracking down on misappropriation of real estate funds and speculation in the land market.
Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.
Increased regulation in an effort to rein in personal borrowing could foster an attitude of ‘bare minimum compliance’ among banks, leading to future systemic risk.
New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.
New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.
Korea Customs Service alleges KRW637.5 bn of foreign exchange crimes, including the use of cryptocurrency to conduct forex transactions, foreign remittances, illegal smuggling.
PBOC, CBRC say cost of setting up a parent holding company might outweigh the intended improvement in supervision.
The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.
Loading more posts...
Sorry, no more posts
No more pages to load