ECB Executive Fabio Panetta: Cryptocurrencies Hold No Societal Benefits, Likens to Gambling

ECB Executive Fabio Panetta: Cryptocurrencies Hold No Societal Benefits, Likens to Gambling

Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta. In a speech held at the Bank for International Settlements (BIS) last week, Panetta argued that cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), fail to serve any meaningful purpose in society. He also made it clear that…

RS 533BN PACKAGE APPROVED BY ECC

RS 533BN PACKAGE APPROVED BY ECC

Monetary Coordination Committee (ECC) of the bureau on Monday battled to set up instruments for dispensing of different components of the national government’s Rs534 billion alleviation bundle reported for moderating the effect of the coronavirus flare-up on the nation’s needy individuals and economy. Educated sources said that the ECC meeting, managed by Adviser to the…

President Alvi, PM Imran urge unity as nation marks Pakistan Day with pledge to fight coronavirus

President Alvi, PM Imran urge unity as nation marks Pakistan Day with pledge to fight coronavirus

The nation celebrates Pakistan Day today with simplicity amidst an outbreak of the novel corona virus and with the pledge to fight the disease as it sweeps across the country. Every type of public gatherings, including the showpiece military parade, have been postponed as precautionary measures. However, Radio Pakistan and Pakistan Television will air special programmed, while…

Sindh to possibly be in a lock down.

Sindh to possibly be in a lock down.

• Restaurants, shopping centers, open parks, govt workplaces shut in area • Out-understanding divisions of clinics additionally shut for 15 days • Inter-city transport administrations suspended from Friday ISLAMABAD: As the countrywide count of coronavirus (COVID-19) cases rose to 212 on Tuesday, the Sindh government settled on an intense choice under which cafés, shopping centers,…

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