Tag: international

general

China Orders Ant Group and JD.com to Suspend Hong Kong Stablecoin Projects – Here’s Why

TLDR Ant Group and JD. com have halted their Hong Kong stablecoin projects after Beijing regulators raised concerns about private firms issuing digital currencies The People’s Bank of China and Cyberspace Administration told the companies that only the state should have authority to issue money Both companies had planned to apply for stablecoin licenses under Hong [.] The post China Orders Ant Group and JD. com to Suspend Hong Kong Stablecoin Projects Here’s Why appeared first on CoinCentral.

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economyfinancePolitics

Government distorts financial picture with definition of capital

OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to focus on reducing debt rather than distorting the financial picture by watering down the definition of capital spending, as noted by the Parliamentary Budget Officer. The PBO shows the government is inappropriately expanding the definition of capital spending, said Franco Terrazzano, CTF Federal Director. The reality is taxpayers need to cut through Carneys budget spin and look at one number: How fast is the debt is going up?.

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