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UAE’s economic stability to draw in foreign capital: IIF

UAE’s economic stability to draw in foreign capital: IIF

April 8, 2014 9:35 pm

Dubai: Timothy D. Adams, President and CEO of Institutional International Finance (IIF) said in Dubai yesterday that strong economic recovery and domestic political stability will continue to attract more entrepreneurs and foreign capital to the UAE. The IIF are in Dubai to take part in the 2014 IIF Mena CEO Meeting that is currently ongoing. […]

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Hong Kong Consults On New Investment Company Structure

Hong Kong Consults On New Investment Company Structure

April 8, 2014 9:35 pm

The Financial Services and the Treasury Bureau (FSTB) has started a 3- month consultation on introducing a new open ended fund company (OFC) structure to expand the legal framework of Hong Kong for investment fund vehicles. The consultation comes after the Financial Secretary’s announcement in the budget of 2014 that Hong Kong would provide additional […]

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Hong Kong Warns Investors of Bit coin Risks

Hong Kong Warns Investors of Bit coin Risks

April 8, 2014 9:35 pm

Hong Kong’s Financial Services and the Treasury have issued warnings to investors to be cautious when trading in virtual currencies like Bitcoin. The Bureau is tasked with the provision of advice to the government and regulators on issues that include financial sector policies and oversight. It highlighted that since mid 2013, the government and financial […]

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Singapore to Regulate Virtual Currency Traders

April 8, 2014 9:34 pm

MAS (Monetary Authority of Singapore) on 13th March 2014 announced that it will undertake the regulation of domestic virtual currency intermediaries to address potential money laundering and terrorism financing risks. MAS consider virtual currency transactions to be very vulnerable to money laundering and terrorism financing risks due to anonymous nature of these transactions. To counter […]

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