The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wednesday disgruntled customers who directed their anger against the alternative currency’s major exchange. Bitcoin proved once again that it’s not for the faint hearted as it lost 60 percent of its value on Wednesday with the biggest exchange Mt.Gox …
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Bangladesh to review Foreign Exchange Act
Bangladesh Bank, the country’s monetary authority, is reviewing its Foreign Exchange Act with an eye on liberalising how the country deals with foreign capital, says Hassan Zaman, chief economist. The government is also considering issuing its first international bonds in order to create a yield curve. “I can’t share details of what’s under review,” Zaman says, “but it is comprehensive. …
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