Senate Passes Bill Easing Banking Rules

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Senate Passes Bill Easing Banking Rules – Wall Street Journal (subscription)

Congress moved a step closer to relaxing the wave of crisis-era restrictions placed on the banking industry, with Senate approval of a bipartisan plan to ease rules for small and midsize banks.

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Central Bank Cryptocurrencies Pose Stability Risk, Says BIS

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Central Bank Cryptocurrencies Pose Stability Risk, Says BIS – Financial Times (subscription)

Central bankers risk endangering the stability of the global financial system by jumping on the bitcoin bandwagon and launching their own digital currencies in an effort to destroy competition from rivals from outside the official sphere, the Bank for International Settlements has warned. Read More

US Regulator Urges Registration of Cryptocurrency Exchanges

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US Regulator Urges Registration of Cryptocurrency Exchanges – Reuters

The US Securities and Exchange Commission said that many online trading platforms for cryptocurrencies should be registered with the regulator and subject to additional rules, in a further sign regulators are cracking down on the digital currency sector.

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Trade War Worries Keep US, Canadian Dollars Weak

Trade War Worries Keep US, Canadian Dollars Weak – Reuters

The dollar edged down, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from US President Donald Trump’s proposed tariffs on imported steel and aluminium.

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