Currencies

KUALA LUMPUR, June 28 — Greater economic integration among the members of the Association of Southeast Asian Nations (Asean) is accelerating efforts to build an independent and resilient regional financial system, aimed at reducing reliance on external currencies and enhancing monetary stability across Southeast Asia, according to a Malaysian analyst.These moves are not meant to target any specific country but rather reflect a desire to move away from external financial volatility and facilitate transactions using local currencies for intra-Asean trade, which will enable seamless cross-border transactions, provide greater market access...

The meme currency market has once again turned traditional money on its head in 2025. In an era when community-driven tokens dominate the headlines and trading charts, meme currencies continue to surprise those who doubt their value and reward those who believe in them. A new generation of meme coins is emerging, thanks to cutting-edge technology, powerful communities, and social media. Little Pepe (LILPEPE), Brett (BRETT), Apecoin (APE), and Pudgy Penguins (PENGU) are four meme coins making a notable impact this month. Their excitement and distinct value propositions might make...

President Bola Tinubu, on Friday, urged African countries to embrace the Pan-African Payment and Settlement System (PAPSS) for deeper financial integration across the continent.He made the call at the Afreximbank 32nd Annual Meetings, attended by Nairametrics.He urged all African countries to embrace the technology.“I urge all Africans, all African nations, to embrace PAPSS because deeper financial integration strengthens our collective resilience,” he said.President’s Remarks  Highlighting Oramah’s impact on Nigeria, Tinubu stated that the nation has benefited from over $52 billion in support directed into energy, agriculture, infrastructure, manufacturing, healthcare, and creative...

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins’ potential to undermine monetary sovereignty, transparency issues and the risk of capital flight from emerging economies. It comes less than a week after the US Senate passed a bill to create a regulatory framework for US-dollar-pegged stablecoins, a move which, if rubberstamped by the House, is expected to...

June 27, 2025 – Dubai, United Arab Emirates Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies – bringing seamless access to digital assets to a broader global audience. With just a few clicks, users can now purchase USDT, BTC, ETH and more directly with their credit cards while benefiting from real-time currency conversion and cashback of up to 10 USDT. To further sweeten the deal, new users making their first transaction in...

The platform also supports Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Litecoin (LTC) and Dogecoin (DOGE), providing global investors with a simple, safe and efficient digital asset investment channel.London, UK, June 27, 2025 (GLOBE NEWSWIRE) -- Recently, the price of Bitcoin has successfully broken through $105,000, and Ethereum has also stabilized at the $2,400 mark. Mainstream currencies such as Solana, XRP, Litecoin and Dogecoin have all ushered in a strong rebound, and investors' attention has reached an all-time high. JAMining's AI-driven cloud mining solution provides a reliable entry point for...

India's external debt rose significantly by 10 per cent, reaching USD 736.3 billion at the close of March 2025, compared to USD 668.8 billion in the previous year, as stated by the Reserve Bank of India (RBI) on Friday.This increase boosted the percentage of external debt to GDP, which now stands at 19.1 per cent, up from 18.5 per cent a year ago. The RBI highlighted a 'valuation effect' driven by the appreciation of the US dollar, adding USD 5.3 billion. Without this effect, external debt would have risen...

India saw a sharp decline in net claims by non-residents during the fourth quarter of FY25, with the figure dropping by $34.2 billion to stand at $330 billion as of March-end, according to data released by the Reserve Bank of India (RBI) on Friday. This decline was driven primarily by a stronger rise in Indian residents’ overseas financial assets, which surged by $60 billion, significantly outpacing the $25.8 billion increase in foreign-owned assets in India. The data is part of India’s International Investment Position (IIP) for the quarter ended March...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...