![]() The FSB, a body of regulators, treasury officials and central bankers from the Group of 20 economies, has limited itself to monitoring the crypto sector, saying it did not pose a systemic risk.īut recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said. The Financial Stability Board on Monday said it would propose “robust” global rules for cryptocurrencies in October, following recent turmoil highlighting the need to regulate the “speculative” sector. G20 watchdog to propose first global crypto rules in October Riyadh time.Įther, the second most traded cryptocurrency, was priced at $1,144, down 3.67 percent, according to data from CoinDesk. RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Monday, down 3.70 percent to $20,539 at 12.10 p.m. We are ready for you to have your permanent footprint here,” Irfaan Ali said. “We are prepared to make the land available for you to establish your embassy in this region in Guyana, and I expect in the next quarter that we must have positive movement on this. He added: “I can assure you that we can get our technical people in a room with you, and we will not leave until we finish the project.”Īl Badr said his government would set up a Saudi desk at the Ministry of Finance to help facilitate trade, but the Guyana president wanted to go further with establishing economic and diplomatic ties. We have an obligation to the people of this country to deliver to them as fast as we can,” said Irfaan Ali, according to local media reports We want to partner with the world, but you must understand that we also want to move quickly. Irfaan Ali made this promise to a 65-member Saudi delegation from the private and public sectors, led by Deputy Minister for Investors Outreach Badr Al Badr, who attended the Saudi Arabia-Guyana Investment Engagement. ![]() RIYADH: Guyana President Mohamed Irfaan Ali has said his government will remove bureaucratic hurdles to smooth the journey for Saudis looking to invest in his country. He also added that a further drop in the value of Bitcoin could indicate people’s “inherent fear in the market.”īitcoin had lost almost 65 percent since it peaked in November 2021, when the virtual currency was valued at over $68,000. “It’s very easy to be fearful right now, not only in crypto but generally in the world,” said Jared Madfes, partner at Tribe Capital. ![]() ![]() Bitcoin dropped below $19,000 on June 19 as of July 11, it is priced at $20,539.Īccording to data compiled by CoinGecko, approximately $2 trillion has vanished from the market value of cryptocurrencies since late last year. It was on June 19 that cryptocurrencies, including Bitcoin and Ethereum, plummeted beyond investors’ expectations. In comparison, 40 percent expected a rebound to $30,000. Sixty percent of the 950 investors who responded to the Bloomberg MLIV Pulse survey suggested that the virtual currency will further fall in the coming days. Current research also suggests Hegra was the most southern outpost of the Roman Empire after conquering the Nabataeans in 106 CE.RIYADH: Bitcoin is predicted to plunge to $10,000, slashing its current value roughly in half, rather than bounce back to $30,000, according to a new survey. A 52-hectare ancient city, Hegra was the principal southern city of the Nabataean Kingdom and is comprised of more than 100 well preserved tombs with elaborate facades cut out of the sandstone outcrops surrounding the walled urban settlement. The most well-known and recognised site in AlUla is Hegra, Saudi Arabia’s first UNESCO World Heritage Site. Located 1,100 km from Riyadh, AlUla is a vast area, covering 22,561km² and includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned. It is a remarkable, mostly untouched corner of the Middle East containing astonishing ancient heritage sites mostly unknown to the outside world. To this end, last week saw the launch of the first ever destination brand campaign for AlUla, a cultural and historical region of Saudi Arabia which the Kingdom has decided to proudly show off to the world - and for good reason.
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