Sunday , October 22 2017

Banking

China central bank ban unable to solve legal puzzle of cryptocurrency sales

epa02811299 A woman walks past the headquarters of the Bank of China (BOC) in central Beijing, China 06 July 2011. China's central bank, the People's Bank of China (PBOC) has highlighted the risk of growing inflationary pressure amid forecasts that consumer-price inflation could have hit a three-year high of 6 per cent in June, reports said on 05 July.  EPA/PETER TREBITSCH **HUNGARY OUT**

Bloomberg With a blanket ban on initial coin offerings, China has sidestepped an issue plaguing regulators worldwide: are such tokens securities? A cross between crowdfunding and an initial public offering, ICOs—which have raised at least $1.25 billion globally so far —are the sale of tokens based on the blockchain, the ...

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Moody’s cuts Oman banking outlook on weaker support

Bloomberg The outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a reduction in the government’s ability to support the country’s banks, weaker economic growth and tightening liquidity. “We expect a softening in Oman’s operating environment, with fiscal consolidation amid prolonged oil price weakness ...

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