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3232Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
https://www.digit.info/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/
Thu, 13 Apr 2023 17:30:05 +0000https://www.digit.info/2023/04/13/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/Read more]]>According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
]]>Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks
https://www.digit.info/bank-of-england-crypto-needs-enhanced-regulatory-and-law-enforcement-frameworks/
Thu, 07 Jul 2022 04:30:51 +0000https://www.digit.info/2022/07/07/bank-of-england-crypto-needs-enhanced-regulatory-and-law-enforcement-frameworks/Read more]]>The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto Regulation The Financial Policy Committee of the British central bank, the Bank of England (BOE), […]
]]>The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up
https://www.digit.info/the-turkish-lira-plunges-following-removal-of-a-central-bank-governor-btc-searches-up/
Tue, 23 Mar 2021 12:00:21 +0000https://www.digit.info/2021/03/23/the-turkish-lira-plunges-following-removal-of-a-central-bank-governor-btc-searches-up/Read more]]>The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor. Having initially touched a new low of 8.280 a dollar, the lira recovered to close at 7.75 a dollar by 20.00 hours GMT. Inflation Fears On the […]