Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves

gold central bankCentral banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise compared to the purchases made in Q1 2022. World […]

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Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to TurkeyAlbania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities […]

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Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto SettlementsBank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]

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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council ReportCentral banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of […]

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