Turkey bans cryptocurrency

Turkey’s central bank announced on Friday that it would ban the use of cryptocurrency and cryptoassets to buy goods and services, a week after Turkish authorities asked trading platforms to provide user information. Cryptocurrency and other such digital assets based on distributed ledger technology cannot be used directly or indirectly as payment instruments, the Central […]

The first batch of multinational companies integrate domestic and foreign currencies

Capital State learned that on March 12, the People’s Bank of China and the State Administration of Foreign Exchange decided to launch the first batch of pilot projects for the integrated domestic and foreign currency fund pool business of multinational companies in Shenzhen and Beijing to further facilitate the overall planning and use of cross-border […]

The European Central Bank intensifies its bond purchases

Based on a comprehensive judgment on financing conditions and inflation prospects in the Eurozone, the European Central Bank decided on March 11 to continue implementing an emergency asset purchase plan with a total scale of 1.85 trillion euros, and significantly increase bond purchases in the second quarter of this year. Experts pointed out that the […]

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