Posts Tagged ‘bitcoin’

Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides

El Salvador’s bitcoin bond is a contributing factor to a slide in its dollar-denominated debt, but not the sole reason. El Salvador’s dollar-denominated debt has taken a beating in recent weeks, with observers blaming President Bukele’s plan to issue bitcoin bonds for the sell-off. But there’s more to the decline than meets the eye. “Salvador’s…

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Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin

The free zone accepts payments in bitcoin, ether and the tether stablecoin.Dubai(Rasto SK/Shutterstock)Tanzeel AkhtarFeb 17, 2021 at 1:09 p.m. Updated Feb 17, 2021 at 3:52 p.m. Cryptocurrencies are now accepted as a form of payment at the KIKLABB free trade zone in Mina Rashid, Dubai. With the news, KIKLABB has become the first United Arab Emirates…

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‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance

KEY POINTS The Wirecard accounting scandal has raised fresh questions about corporate governance, with some experts calling it the “Enron of Germany.” German financial regulator BaFin has come under fire for its handling of the situation, with the government now calling for regulatory reform. There are also questions about why EY, Wirecard’s auditor, didn’t pick…

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