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  • Aug 21, 2024

China's money laundering crackdown heightens risk for crypto investors, USDT traders

China is closely monitoring the use of virtual assets in money laundering activities, according to the country's highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland. Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods that violate China's criminal law, according to a judicial interpretation published on Monday by the Supreme People's Court and the main agency respo

  • Aug 21, 2024

South Africa Inflation Plunge Backs Case for Rate Cut Next Month

(Bloomberg) -- South Africa’s inflation rate dropped to the lowest level in three years, supporting the case for monetary policy easing this quarter. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemConsumer prices rose 4.6% in July from a year earlier, compared with 5.1% in June, Statistics South Africa

  • Aug 21, 2024

Stocks Drift as Traders Await Rate Cut Clues: Markets Wrap

(Bloomberg) -- Stocks drifted as investors awaited an annual review of US jobs data as well as Federal Reserve meeting minutes for further clues on interest rate cuts.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemEurope’s Stoxx 600 edged higher and US equity futures posted small moves. The yield on 10-year Treasuries was flat, while a gaug

  • Aug 21, 2024

World’s Top Gambling Stock Spurred by Philippine Online Frenzy

(Bloomberg) -- The world’s hottest gambling stock is riding strong demand for online betting at home in the Philippines even as the global industry faces increasing scrutiny.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemShares of DigiPlus Interactive Corp. are up 151% so far this year, more than any other casino stock with a market value o

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