Bloomberg: #Argentina sold #dollars in the #foreign-exchange #market for a fifth session as it tries to stem a slide in the #peso. The sales deplete the Treasury’s already thin cash position, even after the #US pledged assistance and local authorities reintroduced #capitalcontrols in recent weeks.

Bank of Korea Governor Rhee Chang-yong supports the introduction of a won-based stablecoin but urges a cautious, bank-led rollout, citing regulatory and policy concerns.
#YonhapInfomax #BankOfKorea #Stablecoin #RheeChangYong #MonetaryPolicy #CapitalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=77626

China is ramping up efforts to promote the yuan as an alternative to the US dollar, unveiling new digital currency and FX policies, but experts say the yuan still lacks the trust and global infrastructure to rival the dollar amid ongoing capital controls and transparency concerns.
#YonhapInfomax
#Yuan #USDollar #DigitalYuan #ExchangeRate #CapitalControls
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69273

Bank of Korea Governor Rhee Chang-yong cautioned that issuing won-based stablecoins could complicate South Korea’s foreign exchange management under current capital controls, while noting limited impact on money supply depending on reserve structures.
#YonhapInfomax #BankOfKorea #Stablecoin #ForeignExchange #CapitalControls #MoneySupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68156

Billionaires' Money Escape Plan - Dwarkesh Patel

#capitalflight #capitalcontrols #china

Bank of Korea Governor Lee Chang-yong highlights South Korea's cautious stance on stablecoins compared to the US, emphasizing the importance of capital controls.
#YonhapInfomax #BankOfKorea #LeeChangYong #Stablecoins #CapitalControls #SouthKoreaPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65814

FX: #Rouble ‘s resurgence does not reflect a wave of investment back in to #Russia - Instead, #Putin ’s imposition of tight #capitalcontrols and blocks on foreign #traders looking to exit their investments helped the #rouble recover those losses by April, chart @FT

Turkey’s Cryptocurrency Pain Grows With Second Exchange Collapse

https://www.bloomberg.com/news/articles/2021-04-24/turkey-s-cryptocurrency-pain-grows-with-second-exchange-collapse

"#Vebitcoin is #Turkey’s fourth biggest #exchange with close to $60 million in daily volumes."

"Turkey’s Central #Bank has banned #cryptocurrencies as a form of payment from April 30."

"There are disturbing money outflows to outside of Turkey via cryptocurrencies.”

#Bitcoin :bitcoin: #Turkish #Turks #Thodex #CapitalControls #CapitalFlight #ExchangeControls #CurrencyControls #CentralBank #BitcoinExchange

Cryptocurrency: Govt Needs To Make Investment Climate More Friendly - Moghalu

https://www.youtube.com/watch?v=YRxj2oy-WVg

"Bitcoin has become known as 'Freedom Money'."

"Trading in these cryptocurrencies protects them from fluctuations in the Naira."

Crypto Ban In Nigeria: Moghalu Advises Buhari Govt
https://africadailynews.net/2021/02/08/crypto-ban-in-nigeria-moghalu-advises-buhari-govt.html

#Bitcoin :bitcoin: #Nigeria 🇳🇬 #CentralBankOfNigeria #CBN #Cryptocurrency #Ban #KingsleyMoghalu #ChannelsTv #EndSARS #Bank #Banking #P2P #Trading #NGN #Currency #CapitalControls #Investment

CBN Policy On Crypto Currency | Rubbin' Minds

https://www.youtube.com/watch?v=uL_2mrX7gb0

Every time the Naira finds

#Bitcoin :bitcoin: #Nigeria 🇳🇬 #CentralBankOfNigeria #CBN #Cryptocurrency #Ban #Ebuka #EbukaObiUchendu #GospelObele #SolomonAmunde #RubbinMinds #ChannelsTv #EndSARS #Bank #Banking #P2P #Trading #CapitalControls #Investment

Οι αποτυχίες σήμερα είναι της προηγούμενης κυβέρνησης. Οι επιτυχίες σήμερα είναι της σημερινής. #sporakia #capitalControls #yescentralbanker #enasminas #etsiitanetsieinaikaietsithane

@augustus #economic #arbitrage is only possible when there's no #border friction. This doesn't mean #abundance rather it causes the entire system to rebalance until its achieved the lowest state possible. #capitalcontrols prevents this mostly, but preventing egress is way more effective. So you have two choices, either keep a #sovereign territory, or have your #GDP smashed flat to the lowest possible state averaged between all participants.