S&P Global To Setup Bond Rating Business In China
S&P Global is now breaking into the Chinese market. The New York-based finance company has just been given approval by the People’s Bank of China (PBoC) to set up a domestic bond rating business. This makes it the first foreign
Read MoreCan Cryptocurrencies Be A Global Reserve Asset?
Technologies keep evolving with time and bitcoin is no exception. The digital asset has seen a lot of development in the last couple of years and its value has gone up and down like a yo-yo in during the last
Read MorePennsylvania Crypto Exchanges Don’t Need Licenses
Pennsylvania’s crypto exchanges have one less thing to worry about. According to the Pennsylvania Department of Banking and Securities (DoBS), the Money Transmitter Act (MTA) does not cover crypto exchanges because virtual currencies are not considered as money in the
Read MoreNutmeg Gets Goldman Sachs Investment
Nutmeg, the UK based digital wealth management service has received a fresh infusion of cash from a surprising source. Goldman Sachs is reported to be one of the biggest investors in the latest fund-raising round for Nutmeg. The Wall Street
Read MoreCoinbase Expands OTC Services Into Europe And Asia
Coinbase, one of the world’s biggest cryptocurrency exchanges has announced that they will be expanding their over-the-counter (OTC) services in both Europe and Asia. That’s an interesting approach since Coinbase has mainly done much of its business online. However, in
Read MoreWyoming Looks To Attract Crypto Businesses With New Law
One of the main stumbling blocks for cryptocurrencies is that it is an unregulated market in most parts of the world. The state of Wyoming is hoping to clear up that position within its jurisdiction by introducing a new bill
Read MoreBinance Targets EU & UK With fiat-to-crypto exchange
Binance has just launched a new fiat-to-crypto exchange that targets the EU and UK market. The world’s largest cryptocurrency exchange has decided to place its servers on the island of Jersey, which is a British self-governing dependency. Traders will be
Read MoreBofAML Fund Manager Survey Reveals Investor Worries
The Bank of America Merrill Lynch (BofAML) Fund Managers Survey has always been a good barometer of how what investors are thinking. The survey released this month shows us an interesting viewpoint. For the first time since the 2008-2009 financial
Read MoreSEC Loophole Allows ICO’s To Continue To Raise Funds
Financial watchdogs in a number of countries cracked the whip in 2018 on Initial Coin Offerings (ICOs) as there were too many rotten apples in the industry that were taking investors for a ride. However, a number of ICO’s flourished
Read MoreThailand Approves Four Crypto Exchange Licenses
Cryptocurrencies are making a big break in Thailand as the government has issued licenses to four crypto exchanges. This is a move that follows in Japan’s footsteps of properly regulating cryptocurrency exchanges. There were initially seven applicants but the Thai
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