80 percent of institutional investors believe that crypto will overtake traditional investment vehicles within 10 years.
Crypto has come under scrutiny since Russia’s invasion of Ukraine for its potential as a conduit for sanctioned Russians seeking a place to park assets.
DeFi aims to revolutionise banking by allowing anyone with internet access to lend and borrow without going through a middleman. Is it the future of finance?
Finance ministers and heads of central banks of the Group of 20 nations gathered in Indonesia as the global economy struggles amid fears of war in Ukraine and uncertainty over the pandemic.
Finance Minister Nureddin Nebati says his ministry worked with Central Bank for days to study alternative scenarios and found that "even in the worst-case scenario" lira-holders will "come out better off."
Chinese Estates, which owned about 6.5 percent of Evergrande's equity capital as of September 10, sold $32 million worth of its Evergrande stake. The company is preparing to sell its entire holding.
Chinese property titan Evergrande's debt burden remains significant but it urges the market to calm down while the government is mute on the issue despite expectations that it will come forward to help the embattled firm.
In a speech on Friday, Federal Reserve Chairman Jerome Powell indicated the central bank would be cautious in winding down its ultra-loose monetary policy and was in no hurry to lift interest rates.
Afghanistan has some $9 billion in reserves abroad - most of it held with the US Fed, says the central bank governor.
A study by Global SWF singled out several of the largest entities in the region for insufficient disclosure and lack of trust.
Haiti and South Sudan were also placed on a “grey list” of countries under increased monitoring to counter money laundering and terrorist financing, while Ghana was removed from the list.
The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.
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