South Korea's Financial Supervisory Service launches a task force to proactively strengthen consumer protection, focusing on stricter product review and sales regulations across the financial sector.
Survey reveals South Koreans prefer financial products and real estate for retirement planning, despite current reliance on savings and national pension, as concerns about aging society grow.
"DC Court overturns SEC's Bitcoin ETF denial; a game-changer move injecting hope into crypto economy."
Full article: https://news.satoshis.tech/2023/08/29/dc-court-overturns-secs-rejection-of-grayscales-bitcoin-etf/
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#Bitcoin #BitcoinETF #Bitcoin'sValue #CryptoEconomy #CryptoTrading #Cryptocurrency #DCCircuitCourt #FinancialMarkets #FinancialProducts #FuturesMarkets #Grayscale #JudicialDecision #MarketRegulations #SEC #SpotMarket
Victory for the fraudsters in pinstripe suits.
The European Union's executive body said on Thursday it would propose only a partial ban on banks offering cash incentives to financial advisers who have sold their products, after fierce opposition from industry and key EU states such as <a href="/world/europe/germany-joins-battle-against-eu-ban-financial-product-commission-2023-01-16/">Germany</a>.
@jeffcliff
Yes, but #interestRate hikes will not mean much if the #moneyPump is still pumping 'up the wahzoo'. Also they need to be seen relative to where they need to be.
We have and are seeing a dodgy #financialProducts and schemes being bandied around all over.
A #maximumRentalIncome fixed to the 10% above the #socialSecuriy payment or a UBI would likely help seperate wheat from chaff.
We'll need to keep an eye on a number of things in the melting pot.
This week #MaxKeiser made an interesting point about #Australia's #hotelQuarantine system.
Australia has an extreme number of outrageous #financialProducts designed to prop up #rentseekers and #bankers at the expense of #savers. Rather than taper markets w lower #moneyPrinting or raising #interestRates he posits #hotelQuarantine is used to remove people from the economy.
It may sound conspiratorial, but judging by #building proposals we see a growing weaponisation of #COVID and #mentalHealth.
2/7
While the author, #PatrickWright, may seem to offer commonsense suggestions, the underlying assumption is that #growth is inevitable, you just need to #doYourOwnResearch. Its a re-hashed article from mid-2019 (almost 2 years old) and pumps #financialProducts that we think are of questionable or highly inflated value today. It frames #stockMarket investing as something to aspire towards and neglects to talk about #metals or #bitcoin as #StoresOfValue. What's perhaps most insidious…(2/3)