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Binance appoints Richard Teng as head of regional markets outside the US
Binance, the world’s largest crypto exchange by daily transaction volume, has promoted Binance Singapore CEO Richard Teng to oversee all regional markets apart from the U.S. The exchange seeks to increase its international presence as it continually faces scrutiny from U.S. regulators over compliance issues.
Crypto regulation in Indonesia to include tourists
Crypto regulation in Indonesia has taken a new turn as Bali Governor issues a stern warning to tourists who are using crypto assets as substitutes for money in the country. He hosted a press conference on May 28 explaining that the crypto remains illegal in the...
Argentina to expand de-dollarisation efforts: fostering better relations with China
Argentina, one of the countries struggling with the highest inflation rates currently, is planning to expand its plans to de-couple from the U.S. dollar. The Minister of Economy, Sergio Massa, will enter into talks with China to expand the current swap line from $5 billion to $10 billion lent in Chinese Yuan.
U.S. economy check- Debt ceiling talks deferred, Commerce Department hold talks with China
The U.S. economy may have a fighting chance as the debt ceiling may bear fruit soon as Speaker McCarthy and President Biden are set to reach common ground next week to save the U.S. from an almost imminent debt default.
E.U. markets rise as US debt ceiling talks enter final stages
European stock market opened higher on May 16, 2023, following a previous report that the US was reaching the final stages of best ceiling talks.
BRICS: Russia and China expedite plans to develop a new payment system as 25 more countries want in
China and Russia are rallying to finish developing a new payment system for BRICs nations ahead of schedule as they see more nations’ interest in pulling forces together. Currently, 25 more nations want to join the bloc to reduce their reliance on the US Dollar.