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The Central Bank of Iran has banned the use of bitcoins and other cryptocurrency in all the country's financial centers and financial institutions, the Iranian regulator's press service reported. It is noted that the decision to ban digital currencies is due to the fact that the cryptocurrency could be used for “money laundering and financial support for terrorism”. The decision was made at the end of 2017, but the Central Bank has just published it. As noted by Reuters, the decision to ban cryptocurrency could also be connected with the latest developments in the Iranian currency market, where a record fall of the local rial against the US dollar was noted.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
The western Japan prefecture may take two more years to recuperate from the damage of the novel coronavirus crisis. The forecast was rendered by Tetsuya Kan, head of a major regional bank in Osaka, as the pandemic ransacked the city’s ...
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