thefintech
Blogs

Asian Stocks Up, Investors Weighed the Fed’s Determination to Tame Inflation


7th JULY, 2022

Thursday morning traders were analyzing the U.S. Federal Reserve’s June meeting minutes, which indicated the organization’s commitment to fighting inflation, and the bulk of Asia Pacific stocks was higher. Japan’s Nikkei 225 jumped 1.24% by 10:55 PM ET (2:55 AM GMT). South Korea’s KOSPI gained 1.73%. Australia, the ASX 200 rose 0.35%. Hong Kong’s Hang Seng was down 0.49%. China’s Shanghai Composite was

thefintech
Blogs

European Union adopts new regulations to control the crypto-asset sector.


1st JULY, 2022

By approving a ground-breaking set of regulations for the industry, the EU has taken steps to control the “wild west” of cryptocurrency assets. On Thursday, representatives from the European Parliament and EU member states hammered out a deal that includes safeguards against market abuse and manipulation as well as a requirement that cryptocurrency companies provide