Chinese regulators urged banks to extend loans to qualified projects in the latest effort by the country to ease concerns triggered by a widening mortgage-payment boycott on unfinished houses.
The Palestinian Monetary Authority is planning to examine the feasibility of a digital currency. But local economic observers are cautious about its implementation.
Turkey’s unregulated crypto market has come under closer scrutiny by the government, as it begins to tighten restrictions and float a tax regime.
Outlined below is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.
Among the first steps will be strengthening public finance structures to guard against risks, says Turkey’s President Erdogan.
The Modi government takes the politically fraught step of selling its stake in banks, which have been losing money.
Elon Musk launches a pair of potentially game-changing shifts for bitcoin, promising Tesla Inc would take payment for its electric vehicles in the currency soon and revealing it had already invested $1.5 billion in the cryptocurrency.
The latest wave of sanctions by the Trump administration blacklist almost all of Iran’s financial sector, dealing another blow to an economy that is already reeling under previous US sanctions.
Leaked documents reveal major flaws in the global effort to curb money laundering.
The London-based charity Interpal described HSBC's decision as an "awful, inhumane and unlawful act”.
As the country slides closer to economic collapse and people are unable to access their money, questions are being asked about how the currency was kept stable for so many years during economic stagnation.
As a no-deal Brexit looms on the horizon, more than a dozen banks based in Britain have shifted $1.44 trillion in assets to the eurozone to avoid the negative effects of Brexit on their transactions.
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