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Among other items on his itinerary, Bill Gates visited Xi Jinping in Beijing. However, specific details about their discussions is unknown. Microsoft co-founder Bill Gates met Chinese President Xi Jinping in Beijing on Friday. The talk between them comes on the third day of Gates’ visit and one day after his
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According to the bill, the central bank of Brazil has control over crypto firms, while the CVM handles tokens that are securities. Brazil has introduced a new law that passes regulation of crypto firms to the country’s central bank. President Luiz Inácio Lula da Silva (Lula) signed the law increasing the
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Brazilian President Luiz Inácio Lula da Silva, known to many as simply Lula, has signed legislation giving clarity to the roles the country’s central bank and securities regulator will take in regards to cryptocurrencies.In a June 14 notice, President Lula signed government decree No. 11.563, establishing rules under a December
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The United States House of Representatives Energy and Commerce Committee’s Subcommittee on Innovation, Data and Commerce gathered to discuss blockchain technology and the future of Web3 on June 7. Crypto industry members, including Polygon Labs president Ryan Wyatt and several legal experts, appeared before the committee to engage in a much
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Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On
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Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in
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Despite China’s uneven economic recovery, Deutsche Bank “remains optimistic” about China for the medium to long term. Over the last weekend, US President Joe Biden and congressional leaders struck a deal to raise the US debt ceiling. This will allow the government to borrow more and spend on infrastructure and other
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The suppression of the lira stems from Erdogan’s core idea that economic growth can be hampered by raising interest rates. Turkish President Recep Tayyip Erdogan has retained his seat after winning the past presidential election in the country and while this naturally calls for celebration, the outlook of the Lira
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Unmasking the tensions between crypto traders, wealthy tax evaders, and a potential financial crisis, U.S. president Joe Biden took a firm stance against biased fiscal deals. In the contested U.S. budget negotiations, an unexpected asset has come
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President of the Minneapolis Federal Reserve Bank Neel Kashkari participated in a fireside chat at the Minnesota Transportation Conference & Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currency (CBDC) during the Q&A after
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