Spanish Securities Regulator Impersonated by an Unknown Party

Securities Regulator in Spain Impersonated by an Unknown Person. Unknown callers call Spanish residents and sell the bitcoin for a fictitious price. It is falsely claimed that the bitcoins come from a Spanish company that has been charged with fraud. They advised the citizen that when suspicious circumstances or unusual requirements arise, they have to contact the regulator directly rather than answering calls placed on their behalf.

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To boost trade, Africa is simplifying international payment systems

It's hard to transfer money between African countries. The Ghanaian king settled a bill with a Nigerian attorney. His experience highlights a systemic problem impeding Africa's economic growth: high transaction costs and inconvenience. 15% of all imports and exports occur between 55 African countries. 60% of Asian trade is within Asia. 70% in EU. The difficulty of international payments hinders African trade. There are also high tariffs, long border procedures, and congested roads. Proponents of AfCFTA say easing trade restrictions will boost trade, FDI, and economic growth. 50 million people will be lifted out of extreme poverty by 2035 due to the accord's positive impact on real income, which is projected to rise 9.1%. Another issue: In Africa, currency values fluctuate. From July 2021 to 2022, Ghana's currency fell from 6 to 8. Volatile currencies make financial transactions more costly and risky. To overcome these problems, PAPSS facilitates financial transactions ...

Eight countries, including China, banned to own or use cryptocurrency of any kind

There are dozens of governments and jurisdictions throughout the world that have either banned or severely regulated digital money in recent years, including China. Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh, and China are among the countries that have banned the use of cryptocurrency. Algeria, Bahrain, Bangladesh, and Bolivia are among the 42 countries whose governments have either restricted or outlawed the use of digital currency exchanges or restricted banks' ability to deal with crypto. The number of countries and authorities that have overtly or tacitly banned cryptocurrencies has more than doubled since the group first issued research on the subject in 2018. According to governments that have banned cryptocurrency, criminals are using it to transfer money to criminals, and the expansion of crypto might undermine their financial systems. Many governments, including the United States, are considering regulations for cryptocurrencies despite the fact that n...

This summer, the Fed will take another step toward creating a digital money

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