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Tag: currency

Retail Asia21/08/2023
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Finance

Pi Network-like cryptocurrency mining apps come back

10min0
Many cryptocurrency mining applications similar to Pi Network are being introduced again on Facebook and Telegram accounts in Vietnam. “Starting a business with 0 dong from Peace Network. Having an opportunity like Pi Network, why not try it?,” an account named Ngoc Van posted on a Facebook group about blockchain with more than 100,000 members, […]
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Retail Asia17/11/2022
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Finance

Dollar drops on black market

2min0
The U.S. dollar plunged on the black market Wednesday after data shows a decline of the greenback’s value globally as U.S. inflation seems to be cooling down. The dollar fell 0.48% from Monday to VND25,000 at unofficial exchange points. It has dropped 1.96% since the peak of VND25,500 last month. Vietcombank, Eximbank and several other […]
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Retail Asia14/11/2022
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Finance

US removes Vietnam from currency monitoring list

2min0
Vietnam has been removed from the currency monitoring list by the U.S. Treasury Department. The U.S. Treasury Department remained satisfied with progress made by the Asian country in addressing U.S. concerns about its currency practices, it said in a semi-annual report Thursday. India, Italy, Mexico and Thailand were also removed from the list. It noted […]
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Retail Asia09/09/2022
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General

Vietnamese currency falls to new low against dollar

2min0
Vietnam has set its reference rate for the Vietnamese dong at a record low as the greenback strengthens globally amid economic uncertainty. The State Bank of Vietnam (SBV) on Thursday set the reference rate for the Vietnamese dong at VND23,281, the weakest since at least 2005, according to data compiled. At commercial banks, the Vietnamese […]
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Retail Asia05/07/2022
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Finance

Vietnamese currency hits 2-year low against dollar

2min0
Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at state-owned Vietcombank. It fell by 0.34 percent at BIDV and 0.26 percent at […]
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Retail Asia13/01/2022
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Finance

Crypto Bank Raises Money for Foreign Expansion

1min0
Seba is raising nearly $120 million, in a bid to fuel its expansion outside of Switzerland. Zug-based Seba raised 110 million Swiss francs ($118 million) from a host of new and existing investors, it said in a statement on Wednesday. The round was significantly oversubscribed, with demand far exceeding the initial funding target, the fledgling bank said. […]
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Retail Asia13/12/2021
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Finance

Swissquote To Launch Crypto Exchange

4min0
Switzerland’s largest online bank is riding the crypto wave. Swissquote’s ambitions include setting up its own trading platform for digital currencies, sales manager Jan De Schepper said. Swissquote plans to open its own crypto exchange before the end of the first half of 2022. We want to enable more trading in various cryptocurrencies on the […]
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Retail Asia26/08/2021
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Finance

Citi Eyes Crypto Opportunities

2min0
The U.S. bank joins its peers in ramping up crypto-related efforts as client demand spikes  Citi is awaiting regulatory approval to trade bitcoin futures on the Chicago Mercantile Exchange (CME), Coindesk reported on Wednesday, citing two sources, including one at the bank. One of the sources said the bank is actively recruiting traders to its London crypto trading desk […]
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Retail Asia19/08/2021
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Finance

Vietnam leads globally in cryptocurrency adoption

2min0
Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled with 42,000 respondents, according to the survey by U.S. based financial consultancy Finder. “Remittance payments may […]
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Retail Asia26/07/2021
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Finance

US gets its way as Vietnam agrees not to devalue currency

2min0
The U.S. Trade Representative’s office has determined that no tariff action is warranted against Vietnam after its central bank agreed to refrain from “competitive devaluation” of the dong. “I commend Vietnam for its commitment to addressing U.S. concerns with its currency practices,” U.S. Trade Representative Katherine Tai said in a statement. The recent agreement between […]
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Retail Asia26/07/2021
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Finance

J.P. Morgan Opens Crypto Fund Access to All Wealth Clients

1min0
J.P. Morgan has reportedly allowed all of its wealth management clients to access cryptocurrencies via funds. J.P. Morgan’s wealth management clients gained access to five crypto products, effective July 19. Four of the products are from Grayscale Investments and one is from Osprey funds. According to the memo, J.P Morgan advisors will only execute unsolicited […]
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Retail Asia01/07/2021
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Finance

Vietnam to trial virtual currency

1min0
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual money from this year until 2023 as part of key objects in […]
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Retail Asia10/06/2021
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Finance

Hong Kong Explores Central Bank Digital Currency

2min0
The Hong Kong Monetary Authority is exploring the feasibility of issuing a digital currency for the city, joining central banking efforts worldwide to create electronic money. A paper exploring the feasibility of issuing a retail-focused central bank digital currency (CBDC) will be delivered within 12 months, according to the HKMA at a recent media briefing. […]
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Retail Asia26/04/2021
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Finance

MAS Teases Multi-Currency Payment System for Digital Currencies

2min0
The Monetary Authority of Singapore (MAS) discussed the creation of a common platform for international payment settlements that will be more efficient than current arrangements. While there is growing global interest in the issuance of Central Bank Digital Currencies (CBDCs) for domestic payments, multiple CBDC (m-CBDC) arrangements could lead to a significant improvement in the speed, cost […]
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Retail Asia15/04/2021
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Finance

HSBC Swims Against Crypto Tide

3min0
The bank banned customers of its online trading platform InvestDirect from adding MicroStrategy stock to their portfolios, calling them a «virtual currency product. HSBC has no appetite for direct exposure to virtual currencies [VCs] and limited appetite to facilitate products or securities that derive their value from VCs,» a HSBC spokesperson said in a statement. […]
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Retail Asia04/03/2021
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Finance

GIC Bets on Digital Assets

2min0
The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C funding round led by GIC. Joining the sovereign wealth fund […]
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Retail Asia29/10/2020
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Finance

DBS Mulls Crypto Exchange Launch

2min0
DBS’ plans for a digital exchange are still work in process, and have not received regulatory approvals. Until such time as approvals are in place, no further announcements will be made. DBS is planning to launch a crypto exchange that will allow four digital currencies – Bitcoin, Bitcoin Cash, Etheerum, and Ripple – to trade […]
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