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On December 21st, in response to the recent false information on social platforms, Techub News issued a clarification: Techub News founder and CEO Alma has never participated in the establishment of Central Research, nor has he served as its'co-founder 'or any similar position, and the relevant statements are not true; Big Demo Day is a multi-party public entrepreneurship roadshow brand event, which has been supported by Hong Kong Cyberport and other institutions.
ECB Governing Council member Eskriva said he sees no reason to adjust interest rates and expects monetary policy to remain stable for the foreseeable future. The ECB left its policy rate unchanged on Thursday and raised some of its growth and inflation forecasts, a move that could close the door for further rate cuts in the near future. In an interview, Eskriva was asked about the next possible rate move, saying: "We don't know, but we are open to any change in either direction if necessary, but...
On Thursday, Christine Lagarde, president of the European Central Bank, said preparations for the digital euro, which the ECB sees as a strategic financial instrument, had been completed and were awaiting further approval by government entities. It is expected to be launched in the second half of 2026. "Our goal is to ensure that in the digital age there is a currency that can be a cornerstone of financial stability," Christine Lagarde said. The ECB also called on European Union institutions to ...
On December 8th, the Central Bank of Argentina (BCRA) is considering lifting the long-standing ban on the provision of cryptocurrency trading and custodial services by traditional Financial Institution Groups. This policy shift represents a major regulatory shift from explicit prohibition to management consolidation. Currently, BCRA regulations prohibit banks from offering or facilitating cryptocurrency trading, but the government of President Javier Milei is evaluating regulatory reforms to all...
Mr. Schnabel, the ECB executive, agreed with investors' bets on the ECB's next rate rise. Mr. Schnabel said borrowing costs were already at levels that would remain appropriate for some time barring fresh shocks, while consumer spending, business investment and heavy government spending on defence and infrastructure would still boost the economy. The German hawk noted that economic and inflation risks were skewed to the upside. She hinted that in...
The Political Bureau of the CPC Central Committee held a meeting on December 8 to analyze and study the economic work in 2026 and review the "Regulations on the Comprehensive Rule of Law by the Leaders of the Communist Party of China". The meeting pointed out that next year's economic work should adhere to seeking progress while maintaining stability, improving quality and efficiency, continue to implement more active fiscal policies and moderately loose monetary policies, and give play to stock...
According to gold ten data reported that China's gold reserves at the end of November 74.12 million ounces (about 2305.39 tons), an increase of 30,000 ounces (about 0.93 tons), for the 13th consecutive month of gold holdings.
Stablecoins could accelerate currency substitution in countries with weak monetary systems, weakening central banks' control over capital flows, the international monetary fund warned on Thursday. The rise of dollar-backed stablecoins and their ease of cross-border use could prompt people and businesses in economically unstable regions to prefer dollar stablecoins over local currencies, the international monetary fund said.
According to the World Gold Council (WGC) data, global central banks bought a net 53 tons of gold in October, an increase of 36% month-on-month, the largest monthly increase since 2025. Central banks in emerging markets such as Poland, Brazil, and Uzbekistan are actively buying gold, highlighting the status of gold as a strategic reserve. Year-to-date official net purchases of gold reached 254 tons, with Poland leading the way with 83 tons. According to the WGC survey, 95% of central banks expec...
