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Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar AccountsA growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan […]

Spot Bitcoin ETFs surpass 220,000 BTC under management

Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds

Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move FundsThe Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are the highest since 2012 when the earliest Fintrac records are available, “are the first evidence of a significant flight of capital overseas from the Asian […]

Spot Bitcoin ETFs surpass 220,000 BTC under management