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Thai central bank to get more powers in crypto law overhaul

  Bloomberg Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister Arkhom Termpittayapaisith said ...

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Serbia’s central bank lifts rates to 3-year high

  Bloomberg Serbia lifted its benchmark interest rate to the highest level in more than three years, seeking to strike a balance in taming accelerating inflation without undermining economic growth. The central bank raised its one-week repurchase rate by a quarter percentage point to 3%, in line with expectations of most analysts in a Bloomberg survey. The decision marked the ...

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Nigeria cracks down on forex hoarders to stem naira crash

Bloomberg Nigeria’s anti-graft agency said it would arrest foreign currency traders found to be hoarding the dollar after a plunge in the country’s currency last month. The Economic and Financial Crimes Commission called foreign exchange dealers to a meeting in a bid to end “brazen foreign exchange speculation” that’s causing “a run on the value of the naira,” the agency ...

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