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10 Mar 2022, 7:12 am
In the order, Biden called on the Department of Commerce to establish a framework to ensure that the US remains competitive and leads the global cryptocurrency market. [read post]
9 Mar 2022, 11:09 am
The measures include sanctions on banks, financial institutions, and government leaders. [read post]
9 Mar 2022, 9:03 am
Monetary authorities globally are also exploring, and in some cases introducing, central bank digital currencies (CBDCs). [read post]
9 Mar 2022, 7:37 am
”Almost a year ago, the Chamber of Commerce commented on earlier LIBOR bill proposals seeking clarity for U.S. markets that must use reference rates. [read post]
8 Mar 2022, 8:30 am
Promsvyazbank, a Russian state-owned bank, and its chief executive officer, Pyotr Fradkov, were among the additions because they are believed to provide financial support to the Russian military and defense industry. [read post]
8 Mar 2022, 6:09 am
., the plaintiffs applied to a bank for a loan to refinance their home mortgage. [read post]
4 Mar 2022, 1:47 pm
Commerce Department’s Bureau of Industry and Security (BIS) announced that it was imposing export controls targeting Russia’s “defense, aerospace, and maritime sectors” with the goal of “cut[ting] off Russia’s access to vital technological inputs, atrophy[ing] key sectors of its industrial base, and undercut[ting] its strategic ambitions to exert influence on the world stage. [read post]
4 Mar 2022, 9:57 am
A recent study from FIS Inc. reveals that e-commerce transaction values in the United States grew 10% in 2021 compared to 2020, while e-commerce values in Canada grew 13% during the same period. [read post]
4 Mar 2022, 8:52 am
China is among the world’s leaders in e-commerce and FinTech, but despite this fact the Peoples Bank of China (PBOC) banned cryptocurrencies and initial coin offering (ICO). [read post]
4 Mar 2022, 5:01 am
Chinese regulators also renewed their inquiry into Jack Ma’s Ant Group last week, asking China’s state-owned firms and banks to report their financial exposure to Ma’s conglomerate. [read post]
4 Mar 2022, 3:00 am
Chamber of Commerce vice president. [read post]
2 Mar 2022, 2:33 pm
We are cutting off Russia’s largest banks from the international financial system. [read post]
2 Mar 2022, 6:49 am
On February 24, 2022, the Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediate final rule implementing sanctions under the Export Administration Regulations (“EAR”).1 The Bottom Line: US sanctions on Russia have continued to escalate in response to Russia’s invasion of Ukraine by targeting Russian banks’ ability to manage the economic fallout of sanctions and limiting access to technology vital to… [read post]
1 Mar 2022, 11:40 am
In Mulder’s description, 19th century wars “protected commerce and finance to a degree that is almost unbelievably generous. [read post]
1 Mar 2022, 9:40 am
In the first tranche of designations, the U.K. sanctioned: five Russian banks (Rossiya, IS Bank, Promsvyazbank, JSC Genbank, and JSC Black Sea Bank for Development and Reconstruction); and several individuals, including Gennady Timchenko, Boris Rotenberg and Igor Rotenberg. [read post]
28 Feb 2022, 2:06 pm
The IP Village is a collaboration between the Business Development Bank of Canada (BDC), the Canadian Intellectual Property Office (CIPO), Export Development Canada (EDC), Global Affairs Canada – Trade Commissioner Service (GAC-TCS), Innovation, Science and Economic Development Canada (ISED), the Intellectual Property Institute of Canada (IPIC) and the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). [read post]
28 Feb 2022, 11:35 am
I feel optimistic about the path forward for the SAFE Banking Act and, more broadly, reforms to our federal cannabis laws.[4] However, after its passage in the House, the SAFE Banking Act of 2021 languished in the Senate’s Committee on Banking, Housing and Urban Affairs. [read post]
28 Feb 2022, 5:52 am
Commerce Department similarly implemented stringent export control restrictions that will severely restrict exports to Russia of critical U.S. [read post]
24 Feb 2022, 1:39 pm
Sberbank is the largest bank in Russia, holds nearly one-third of the overall Russian banking sector’s assets, is heavily connected to the global financial system, and is systemically critical to the Russian financial system. [read post]
24 Feb 2022, 5:01 am
Taylor Budowich, a Trump spokesman suing to block a subpoena for bank records, argued that “[t]he Select Committee has failed to identify any legislative purpose served by its Subpoena. [read post]
