The Russian Finance Minister pointed out that the use of digital currencies for Global Payments represents the future trend.
Russian Finance Minister: Russia is using bitcoin in foreign trade.
Katsunobu Kato, Japan's finance minister, said the government would conduct a highly vigilant review of the foreign exchange market, including monitoring of speculative operations.
On November 8, Minister of Finance Lan Foan introduced at the press conference of the 12th meeting of the Standing Committee of the 14th National People's Congress held on November 8 that to prevent and resolve local government debt risks, while addressing the risks of existing debt, we must resolutely curb new hidden debts. The Ministry of Finance will continue to maintain a high-pressure supervision posture of "zero tolerance" in conjunction with relevant departments. We will identify, investi...
On November 7th, according to today's news: Jörg Kukis will become the new finance minister of Germany. Jörg Kukis worked at the Frankfurt branch of Goldman Sachs International, first as an assistant, and then as the head of the German and Austrian equities department from 2007 to 2011. Since December 2021, he has been the State Secretary of the German Federal Chancellor and the commissioner of the German G7/G20 summit.
Indian Finance Minister Nirmala Sitharaman said in a speech announcing the 2024-2025 national budget on Tuesday that cryptocurrency taxation rules remain unchanged. The main demand of the Indian crypto industry is to reduce the controversial crypto transaction tax deduction (TDS) policy from 1% to 0.01%, and presented evidence from multiple sources to government officials, including a think tank study. The industry has also demanded that the government levy a progressive tax on earnings rather t...
The deputy finance minister of Thailand said that the Thai stock market is expected to improve due to the budget and digital wallets.
Finance Minister Mehmet Simsek said Turkey does not intend to tax profits from stocks and cryptocurrencies. The government is considering a "very limited" transaction tax on these assets, without specifying the potential size. Previously, Turkey considered imposing a profits tax on stocks and cryptocurrency assets.
Israeli Finance Minister: Plans to impose 100% tariffs on Turkish imports until the end of Turkish President Recep Tayyip Erdogan's term.
Japanese Finance Minister Shunichi Suzuki: We will respond as needed to the volatility of government bond yields.
Japanese Finance Minister Shunichi Suzuki: Measures may have to be taken to deal with excessive foreign exchange volatility.
After Japanese Finance Minister Shunichi Suzuki's speech, the yen narrowed its losses and briefly returned to the trading range of 155.
Japanese Finance Minister Shunichi Suzuki: Foreign exchange issues will be properly handled.
South Korean Finance Minister: Market Stabilization Fund will be used if necessary.
Japanese Finance Minister Shunichi Suzuki: Close communication with the United States and South Korea on foreign exchange issues.