Bitcoin is rallying after the Group of 20 nations steered clear of calling for a coordinated clampdown on the cryptocurrency market.
- Many G20 Members Saw Need for Crypto-Asset Regulation: Japan Official – Reuters
- Cryptocurrencies Need Monitoring, Not Banning: Italy’s Visco – Reuters
This time last year, finance chiefs from the world’s biggest economies were barely thinking about the niche industry of Bitcoin when they met in Germany. Now, they’re loudly warning cryptos could destabilize financial markets.
The dollar pulled back from three-week highs as traders took some profits ahead of the Federal Reserve’s first expected rate rise of 2018 and focused on whether the central bank will indicate three or four hikes for this year.
Treasury Secretary Steven Mnuchin gave no ground on trade to policy makers from the world’s largest economies, saying America’s message was “loud and clear” on protecting its interests.
Sterling climbed to $1.4058 after UK average weekly earnings grew faster than expected in the three months to January.
Chris Salmon, executive director, markets, at the Bank of England and chair of the Global Foreign Exchange Committee (GFXC) is stepping down to pursue an opportunity in the private sector.
The EU is to promise the City of London “appropriate” market access after Brexit, but only on terms dictated by the union, in a guarded overture to the UK’s valuable financial sector.
- Why It’s Too soon for the City to Carp about EU Market Access Plans – Financial Times (subscription)
House is weighing changes to bill that passed Senate with bipartisan support.
The US Treasury Department said it may start adding cryptocurrency addresses to its sanctions lists if officials can tie them to a blacklisted person.
Regulators looking into potentially widespread violations in cryptocurrency markets have taken a bite out of the once-soaring investor demand for token deals.
The global adoption of unbundling requirements that cover the European Union is expected to continue over the next 12 to 18 month as investment firms use the opportunity to cut spending.
The clearing house had earlier planned to introduce the service at the end of March.
CoVenture operates a venture capital firm, a direct lending business, and CoVenture Crypto, a cryptocurrency asset management firm run by co-founders Ali Hamed and Nikhil Kalghatgi.
EverMarkets is gunning for the bitcoin derivatives business of CME and Cboe Global Markets.
Foreign-exchange investors who grew accustomed to a one-way dollar trade over the past year suddenly face a new challenge: a sideways market.
A new note from Bilal Hafeez, who runs G10 FX strategy at Nomura, implies that the recent news out of Facebook is a reason to buy yen. Yes, really.