Bank of America CEO Brian Moynihan said US banks are ready to use cryptocurrencies.
Banks are waiting for government approval before they can start.
They want clear rules to follow when dealing with digital money.
This could bring big changes to the US financial system.
PBOC SETS USD/CNY MID-POINT AT 7.1696, BEATING ESTIMATES The People's Bank of China (PBOC) sets the daily midpoint for the yuan at 7.1696 against the US dollar. This is better than the estimated rate of 7.2642. The PBOC uses a managed floating exchange rate
CHINA MARKET UPDATES (JANUARY 22, 2025) YUAN FIXING: China's yuan set at 7.2659 today, within a range of 7.2601 to 7.2688. CENTRAL BANK ACTION: The People's Bank of China injected 1157.5 billion yuan through 14-day reverse repos at 1.65%. REPO RATE:
XRP JUMPS 5% AS TRUMP APPOINTS PRO-CRYPTO MARK UYEDA AS SEC CHAIR XRP rises by 5% after President Trump names Mark Uyeda, a pro-crypto advocate, as acting SEC Chair. This could mean the end of Ripple's legal battle with the SEC. On-chain data shows increased buying activity from
GBP/USD FALLS NEAR 1.2300 AHEAD OF TRUMP’S ECONOMIC POLICIES GBP/USD drops after President Trump announced plans to review US tariff policies. Traders worry that Trump’s policies might increase inflation and limit the Fed to just one more rate cut. UK demand for gilts rises following