20 September 2024
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Category: Finance

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Why Cryptocurrencies Are Here to Stay: Disrupting World Economics and Politics

wybenews.com013 mins

Introduction to Cryptocurrencies and Their Origins Cryptocurrencies, often referred to as digital or virtual currencies, represent a revolutionary shift in the realm of finance and economics. Unlike traditional currencies issued by governments and central banks, cryptocurrencies are decentralized digital assets that use cryptographic techniques for secure financial transactions. The inception of cryptocurrencies can be traced…

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Nifty Witnesses Historic Surge After Exit Polls Predict Third Term for Modi Government

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Nifty’s Record-Breaking Surge The Nifty witnessed the biggest single-day gain in absolute terms on record on Monday, after exit polls predicted a thumping majority for the Narendra Modi-led NDA government for the third straight term. The Nifty’s 733-point advance surpassed the 708-point surge it had witnessed in April 2020. Market Capitalisation Soars BSE-listed companies together…

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Zimbabwe’s Financial Intelligence Unit Escalates War on Illegal Money Changers: A Robust Frontline to Protect ZIG Currency

wybenews.com06 mins

Enhanced Capabilities and Strategic Approaches The Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) has significantly ramped up its efforts to combat illegal money changers under the strategic leadership of Governor Dr. John Mushayavanhu. One of the most notable enhancements was the recruitment drive in January 2022, which effectively doubled the FIU’s…

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Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14.

Russian Teens Apprehended in Alleged Cryptocurrency Money Laundering Operation

wybenews.com03 mins

Russian Teens Apprehended in Alleged Cryptocurrency Money Laundering Operation Two Russian teenagers have been apprehended in a crackdown on an alleged cryptocurrency-fueled “money laundering” operation, as per a statement from a police insider on May 14. According to the URA news agency, an unidentified member of a “law enforcement agency” in the Khanty-Mansi Autonomous Okrug…

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Former Nigerian Central Bank Governor Faces Fresh Charges of Corruption

wybenews.com03 mins

Former Nigerian Central Bank Governor Faces Fresh Charges of Corruption In a continuation of the legal saga surrounding Nigeria’s former Central Bank Governor, Godwin Emefiele, fresh charges of misuse of office and corruption have been filed against him by the Economic and Financial Crimes Commission (EFCC). Emefiele is expected to appear in court in Lagos…

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Kyrgyzstan Halts Acceptance of Russian Mir Payment Cards Amid Geopolitical Pressures and Regulatory Compliance

wybenews.com04 mins

Kyrgyzstan Halts Acceptance of Russian Mir Payment Cards Amid Pressure from Latvian Software Provider Kyrgyzstan has made the decision to cease the acceptance of Russia’s Mir payment cards, following pressure from its national payments operator’s Latvian software provider. This move comes amidst escalating concerns over potential repercussions from the U.S. Treasury’s sanctions against Mir’s Russian…

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