Ergener

Governments Amass Billions in Bitcoin

As October slowly comes to an end, it has been a particularly eventful month — especially after news broke that U.S. authorities had seized 127,271 bitcoin linked to a wanted Chinese national. Although the announcement was made only five days ago, federal agents had actually confiscated the bitcoins back in July 2024. With this hefty…

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Hong Kong stable coin is stopped

The Financial Times reported that companies showed interest in Hong Kong’s pilot stablecoin program and tokenized asset products, but were told to halt their plans due to concerns that privately issued currencies could challenge the central bank’s authority and the digital yuan (e-CNY). Beijing’s intervention reflects broader regulatory concerns about the systemic risks of stablecoins…

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Georgieva: “Uncertainty Is the New Normal” Ahead of IMF–World Bank Annual Meetings

Ahead of the IMF–World Bank Annual Meetings (October 13–18), IMF Managing Director Kristalina Georgieva delivered a speech titled “Opportunities in a Time of Change,” addressing the global economic outlook and key policy priorities. Georgieva noted that global uncertainty is rising — and will remain elevated: “Be prepared — uncertainty is the new normal, and it…

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Boston Fed President Susan Collins: Further Rate Cuts Needed, But Policy Must Stay Restrictive Enough to Contain Inflation

Susan Collins, President of the Federal Reserve Bank of Boston, said that the U.S. central bank should continue lowering interest rates this year, while keeping them high enough to ensure inflation remains under control. In prepared remarks for an event at the Boston Fed on Tuesday, Collins stated: “While inflation risks have become somewhat more…

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Dubai Department of Finance (DoF) Successfully Completes Technical Pilot for Instant Digital Asset Payments

The Dubai Department of Finance (DoF) has successfully completed an initial technical pilot enabling instant payment of government service fees in UAE dirhams (AED) using digital assets. The pilot was conducted in collaboration with the Dubai Land Department (DLD) via the Dubai Pay platform, under the supervision of the Digital Dubai Authority. According to an…

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