NEWS
Irish Central Banker Envisions Bitcoin&Fiat Money Coexistence
07.07.2014
Speaking at the Bitcoin Finance 2014 Conference and Expo in Dublin today, Gareth Murphy, director of markets for the Central Bank of Ireland, made history becoming the first government-backed bank representative to speak at a digital currency conference.
Despite his presence amongst many of the technology’s most avid supporters, Murphy used his address to both foretell of the innovation bitcoin could ...
Koreans Thousands of Bitcoin Opportunities
05.07.2014
South Koreans will be able to use bitcoin to pay on thousands of websites, after payments gateway giant Galaxia Communications announced it will add bitcoin as a payment option. Galaxia is one of the top three companies processing online payments in Korea, with more than 10,000 domestic and international websites on its client list. It is also one of the ...
Vietnam Faces Economic Stagnation
05.07.2014
Vietnam's National Financial Supervisory Commission financial has warned that the local economy is grinding to a standstill, with more people making bank deposits than business investments. A regular report issued by financial watchdog noted that Dong deposits expanded 7.1% during the first 5 months of this year, despite cuts in the deposit rate from 7.2 to 6.4% a year.
Credit growth ...
What is Fuelling Corruption in Uganda’s Courts?
05.07.2014
In the recent past, in Uganda the Judiciary has had its image tainted with real and perceived corruption allegations. Various corruption findings by research organizations such as Transparency International and the Inspectorate of Government (IGG) among others, have always ranked the judiciary among the top two most corrupt government institutions in the country just behind the Uganda Police Force.
It’s against ...
Uganda: Private Sector Credit Capacity Is Weak
05.07.2014
International Monetary Fund (IMF) has cautioned that private sector credit in Uganda is still constrained despite policy actions by the government aimed at revamping the economy, reports Ugandan Daily Monitor. This largely means that commercial banks’ lending to the private sector to support high scale activities in the economy is not strong enough to help Uganda economy to grow ...
