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The Organization for Economic Co-operation and Development (OECD) has called for coordinated efforts to regulate the primary token supply (ICO). The holding of an ICO is associated with high risks, so countries should adopt uniform regulatory standards. This will help prevent illegal actions and money laundering, according to the OECD. The statement of the OECD on the regulation of ICO caused a drop in the cryptocurrency rate. Ethereum fell by 1.66%, the Litecoin rate fell by 1.47%, and XRP fell by 0.21%. The international community has been planning ICO regulation for a long time, but countries have not yet reached agreement on this issue. The idea to regulate the holding of ICOs was already put forward by the European Banking Agency (EBA) and the European Securities and Markets Authority (ESMA) earlier this year. A senior adviser to the Bank of England expressed his opinion on cryptocurrency, which boils down to the fact that the new payment instrument cannot yet compete with fiat currencies.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Gold traded lower earlier on Wednesday in Asia even as the new COVID-19 cases continue to increase globally. However, gold prices still remained above the benchmark $1,800 level. Gold futures slipped by 0.18% to $1,806.6 per ounce at 12:48 ...
The outlook for major global housing markets was monitored at a weak level. This could be attributed to pressing factors including unemployment surge, lockdown restrictions, and low immigration over the coming year, a Reuters survey showed. Fears ...
Asian stocks and Wall Street futures plunged on Thursday as surging coronavirus cases seen in the United States and China dampened market mood. This also underscored a longer recovery period for the global economy. S&P 500 mini futures ...
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