Funds

Funds

EU lawmakers approve world’s first comprehensive crypto regulation

In a vote Thursday, the EU Parliament voted 517 in favor and 38 against to pass the Markets in Crypto Act, or MiCA.The rules will impose a number of requirements on crypto platforms, token issuers and traders around transparency, disclosure, authorization, and supervision of transactions.MiCA is the most comprehensive regulatory framework for digital assets to date.The parliamentary blessing paves the way for MiCA to become law in 2024, putting the EU a step ahead of the U.S. and U.K.Markets in Crypto-Assets (MiCA) is the first attempt at creating comprehensive regulation...
Funds

Dollar holds gains on U.S. bank results, kiwi slides on CPI data

U.S. dollar banknotes are seen in Chicago on October 18, 2022.Jakub Porzycki | Nurphoto | Getty ImagesThe U.S. dollar held gains on Thursday after strong U.S. banking results firmed up expectations that the Federal Reserve will keep monetary policy tight for a while longer, and New Zealand's dollar slumped after cooler than expected inflation data.The dollar index, which tracks the currency against a basket of its peers, was little changed at 101.96 after climbing 0.27% on Wednesday. The kiwi slid 0.6% to $0.6162 after touching the weakest level since March...
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