Victory of President-Elect ‘Lula’ in Brazil Might Bring the Rise of a Common ...
The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting inflation and dependence on the U.S. dollar. Brazil’s Lula Might Spearhead Proposal of Single Currency in Latam The tight electoral victory that now-President-Elect Lula Da Silva has obtained on Oct. 30 might bring the rise of a new common currency for Latam, judging by the....
Related News
The election is over, and many Americans are shocked by the results. In a stunning upset, Republican candidate and businessman Donald J. Trump has pulled off a sweeping victory in the electoral college to become the next president-elect. The outcome has left the nation as divided as ever. Some are ecstatic over the news, while others are left feeling depressed and even angry. Virginia coal miner Jimmy McDonald is one of many expressing joy over Trump’s victory, stating: “There’s still some good in America. The people have spoken. The people said, ‘enough is enough.’ He’s going to bring....
President-elect Donald Trump's victory has shaken the US political landscape, but what does that mean for blockchain policy? By all accounts, Trump scored a stunning upset in yesterday's US presidential vote, following a chaotic and controversial campaign. And though Trump and his campaign didn't weigh in on FinTech during the election, the future president will be the one to ultimately sign any legislation that would capture bitcoin and blockchain technology. Still, Trump offered peeks into his regulatory agenda over the course of the race. For example, he has expressed support for....
Republican presidential nominee Donald J. Trump may have shocked the world after the American people elected him as the 45th U.S. President, but financial service companies now face an uncertain future, according to a report from the American Banker. Just like the Brexit vote back in June, Trump’s surprise victory has left many financial observers unprepared for an outcome that many didn’t think would be possible. However, in 100 days, president-elect Trump will become America’s next president, which means that financial service companies must embrace Trump’s deregulatory views. Not only....
The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According to Reuters’ two unnamed sources, Biden has finally decided on his final pick to lead the SEC, following the stepping down of Jay Clayton as chairman in December. Gensler is a well-known figure in the crypto industry,....
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects it might bring to the national economy
Lula Supports Central Bank Oversight on Crypto
The candidate that obtained most of the votes in the first voting round in Brazil’s presidential elections, Luis Inacio....