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This would require crypto asset service providers to comply with the regulatory framework, which includes operational and organizational requirements.
US CPI Lower Than Expected; Poor Chinese Retail Sales Hits Stocks; Natural Gas Hits Multi-Year High
WTI Higher on US Supply Chain Concerns; Quiet Forex Market; Cryptocurrencies Weak
Fears of Slower Growth Hit Stocks; US Dollar Bid; Cryptocurrencies Weak
The European Central Bank decided to have its QE and eat it too, slowing the pace of its purchase program without decreasing the overall amount, to ensure the reduction is technically not a “taper”.
This is the highest producer inflation in 13 years and is mainly due to the increase in commodity prices, particularly rising coal, chemicals, and steel prices, that has been boosting inflation in the rest of the world.
Fears of Slower Growth & Tapering Dent Stocks; Bitcoin Looking Heavy; US Dollar Bid
Oil has been tumbling mainly because there have been signs of a weak economic recovery now that the delta variant is spreading and governments are imposing restrictions on economic and social activities.
Japanese Market Boosted by PM Resignation; Friday’s NFP Disappoints; US Dollar Recovers Slightly
According to Bank of Japan Board Member Goushi Kataoka, the negative effects of the pandemic on the economy will last longer than expected, casting into doubt the bank's provisions for the economy.
SafeMoon had a rocky ride this week, its natural volatility magnified by a botched cryptocurrency wallet rollout.
ADP Forecast Roughly Half of Expectation; NZD and AUD Rise Strongly; US Dollar Sold
The Australian Bureau of Statistics linked this growth to the easing of restrictions and the recovery of the local labor market.
AUD GDP at 0.7%; Asian Stocks Rise; US Dollar Gains
These data confirm the deceleration of Chinese economic growth and are mostly being linked to the spread of the Delta variant of the COVID-19 virus, which pushed Beijing and other major Chinese cities to impose restrictions.