Bloomberg The number of active cryptocurrency users at Bank of America has declined by more than half amid the prolonged rout in the digital-asset market. The bank’s crypto users shrunk to below 500,000 in May from more than 1 million in November 2021, when Bitcoin and some other tokens hit all-time highs. Since then, crypto prices have cratered, with ...

  Bloomberg The Czech central bank’s new governor promised to pursue its goal of price stability as investors are waiting to see how the new management will tackle the fastest inflation in three decades. In a statement published on his first day in office, Ales Michl said he wanted to achieve “low and stable” consumer price growth and “maintain confidence ...

Bloomberg The chief of Japan’s banking industry lobby group is calling on the nation’s central bank to pay closer attention to the adverse impacts of its ultra easy monetary policy after the yen plunged to a 24-year low. “I think it’s important to take a balanced policy approach by considering merits and side effects,” Japanese Bankers Association Chairman Junichi Hanzawa ...