The Government of Chile, through the Ministry of Finance, improved its forecasts in relation to the growth of the country's Gross Domestic Product (GDP) in 2023, which, according to its estimates, will expand by 0.3 % at the end of the year compared to the 0.7 % drop expected in the last Public…
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ministry of finance
Spain advances entry into force of the tax on large fortunes
The Ministry of Finance has advanced to 2022 the entry into force of the 'solidarity' tax for large fortunes, with which the Government hopes to raise 3,000 million in two years, sources from the Department led by María Jesús Montero have…
€3 billion for floating LNG terminals
The German government will allocate some 3,000 million euros (about 3,235 million dollars) to four floating terminals of liquefied natural gas (LNG) in the next ten years, according to a letter addressed to the German Parliament.…
Russia introduced draft law on digital currencies
The Russian Ministry of Finance has sent a draft law for the regulation of digital currencies to the national government that aims to establish the legal bases for the cryptocurrency market and the rules for its circulation in the country.…
Spain increases its controls on cryptocurrencies
The Spanish Ministry of Finance, through the Union of Technicians of the Ministry, GESTHA, reported that it has been increasing its efforts to supervise and control operations with crypto assets and will continue to "monitor providers of…
Nigeria works on the adoption of cryptocurrencies
Nigeria is working on the development of a regulatory framework for the use of cryptocurrencies and blockchain technology within the region.
The sole purpose of this action is to be able to boost the largest economy in Africa, thanks to…
Chile works on legal regulations to control the Fintech sector
The Chilean authorities continue to develop a regulatory framework for Fintech and Open Banking, which will have the advice of Rosario Celedón and Ana María Montoya, specialists in competition and financial regulation, as reported by the…
Ireland’s GDP will fall 10.5% this year
The impact of the Covid-19 pandemic and the containment measures implemented will cause a historical contraction in the Irish economy, which will close 2020 with a 10.5% drop, while the unemployment rate will skyrocket in the second quarter…
Japan authorities work on their national digital currency
The Ministry of Finance, the Financial Services Agency and the Bank of Japan collaborate in a project to issue a national digital currency, as announced by The Block.
According to the published information, the three Japanese agencies are…
Paraguay wants to eliminate paper use in public institutions
The deputies gave a half sanction to the bill for speeding up public procedures "zero paper" with 44 votes, so that the public institutions of Paraguay adhere to the Online Document Management service of the Ministry of Information…
Germany warns about Facebook cryptocurrency Libra
The German Ministry of Finance warned about the digital currency Libra, the cryptographic currency of Internet giant Facebook.
"The issue of a currency should not be in the hands of a private company, because this is a basic element of…
Bermuda approves ICO of Velocity Ledger
Through a statement issued this Wednesday, the Ministry of Finance of Bermuda reported the approval of the initial currency offer (ICO) of Velocity Ledger Holdings Limited (VLHL).
The island is studying the application for approval of the…