Domestic investors have been caught white washing their forex trades and bringing back the funds as fiat currency. On Wednesday, South Korea’s customs services disclosed it has uncovered cryptocurrency crimes worth $594.35 million (637.5 billion won), including illegal foreign exchange trading....

The next head of the Bank of Japan should support the ultra-soft policy of the central bank, which is a key part of the abenomics, economic adviser to Japanese Prime Minister Shinzo Abe said, Reuters reports. Koichi Hamada, an emeritus professor of economics at Yale University, praised the Governor...

A ECB board member reports about the international regulators stance towards bitcoin generated risks. Risks stemming from crypto-currencies like Bitcoin, are coming under the radar of international regulators, whereby the regulators will working their “response” in the coming meeting of G20 which...

To achieve a more unified, progressive and prosperous European business environment, closer business ties were identified to be the driver by leading French and Italian industrialists through joint declaration earlier in the week.   The joint declaration contained 11 points and was issued at...

2018 comes with a positive outlook for Britain’s construction sector even though the designated hour of Brexit draws closer. According to an “industry body”, the construction companies in Britain had experienced the “best year in decade” in 2017 for taking up work on “new homes”, whereby leaving a...

Economists find, the German economy “faring well” even at the backdrop of the current affairs. Klaus Wohlrabe, the economist at Ifo sees the German economy “faring well” even with the absence of “a new government” following “four months” national election, as Wohlrabe said on Thursday, 25 January...

The beginning of the year can be very successful for the world economy. The International Monetary Fund (IMF) predicts the acceleration of growth in several large countries. The largest increase is projected in the US, where tax reform will help increase investment. In addition, the oil exporting...

The International Energy Agency (IEA) raised the forecast for oil production in the US this year by 260,000 barrels a day, to a record 10.4 million barrels per day. According to experts of the agency, the rapid growth in the production of shale oil in the United States will be the main factor that...

While deliberating on the possibility of endorsement of more than a dozen proposed products that are based on cryptocurrencies, the Securities and Exchange Commission of the U.S. has sought clarification and answers from the fund industry about the concerns they had of these virtual coins, while...