Hong Kong Defends Currency Peg Amid Surging Asian Currencies and U.S. Dollar Weakness
It had been reported that the Hong Kong Monetary Authority (HKMA), which serves as the territory’s de facto central bank, had been compelled to intervene once more in the foreign exchange markets. The move was made following repeated pressure on the Hong Kong dollar, which had approached the upper boundary of its trading band against […]
Britain Moves to Curb Risky Crypto Practices Under New Regulatory Framework
It was announced by Britain’s financial regulator on Friday that new measures would soon be introduced to limit consumers’ ability to use credit cards for purchasing cryptoassets and to restrict access to crypto lending products. These steps have been proposed as part of a broader initiative aimed at increasing consumer protection, coinciding with the first […]