Moldova Labor Force Participation Rate

Labor Force Participation Rate in Moldova decreased to 40.56 percent in the fourth quarter of 2017 from 43.90 percent in the third quarter of 2017. Labor Force Participation Rate in Moldova averaged 46.54 percent from 2000 until 2017, reaching an all time high of 61.40 percent in the second quarter of 2000 and a record low of 37 percent in the first quarter of 2012. The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - Moldova Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore Looks to Attract More Crypto Exchanges With Regulatory Revamp

Regulatory changes will affect the cryptocurrency and blockchain ecosystems in the future. The Monetary Authority of Singapore is looking to make some changes. A consultation paper has been presented to make the exchange ecosystem more competitive. This is positive news for the cryptocurrency ecosystem as a whole.

Improving The Position of Singapore

When Singapore introduced its blockchain-related exchange regulation, an important first step was taken. The introduction of one set of rules for every company allows the industry to boom in the country. However, there are still a fair few improvements to be made in this regard. These existing rules are somewhat harsh when dealing with smaller players.

As such, the Monetary Authority of Singapore wants to shake things up. Their new consultation paper discusses a three-tiered system of regulation. Different market operators pose different risks and have different requirements to adhere to. Making this regulatory ecosystem more competitive and attractive will bring more companies to Singapore.  The MAS explains its decision as follows:

“MAS has observed the emergence of new business models in trading platforms, including trading facilities that make use of blockchain technology, or platforms that allow peer-to-peer trading without the involvement of intermediaries. As the current RMO regime has been in place since 2002, it is timely to review the regulatory framework for market operators to ensure that it continues to meet the demands of the changing landscape.”

Improving the Cryptocurrency Exchange Ecosystem

Under the current rules, there are two categories. On the one hand, there are the approved exchanges. Additionally, there are recognized market operators. With the new tiers, smaller market operators will have an easier time setting up their business in the country.

More specifically, tier 3 exchanges will have reduced capital requirements. Additionally, they will have far less red tape to deal with, which can only be considered to be a good thing. These tier three operators can also engage overseas regulated clearing houses to expand their operations. These changes have yet to be approved by the government prior to becoming law, though.

Any market operator growing in size will need to deal with the next tier of regulatory measures. It is an interesting structure which will allow for more competition. Singapore is taking interesting steps in this regard. Other Asian countries such as China and India aren’t as forward-thinking when it comes to cryptocurrency and exchanges. As such, the region may attract more companies in the near future.

 

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WTI: Bears target $ 71 amid hopes of OPEC output boost

Potential output boost by the OPEC outweighs supply disruption concerns from Iran and Venezuela. Bearish EIA crude stockpiles report also add to the weight on oil while DXY weakness is ignored. WTI (oil futures on NYMEX) is extending its declines in the European session, as the bears now look to retest Wednesday’s low at $ […]

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EUR/NOK should meet decent support at 9.40 – Danske Bank

Mathias Mogensen, Analyst at Danske Bank, noted the 9.40 region should be quite a strong support for the cross in the near term. Key Quotes “EUR/NOK price action has repeated itself recently with the cross rising moderately in the European session and then to be sold lower during US hours. This highlights foreigners’ renewed interest […]

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UK government source denies report that PM May is seeking new Brexit transition until 2023

According to the latest news headlines floating on the wires, the UK government source has denied a report saying that PM May is seeking new Brexit transition until 2023.  The UK Times reported earlier today that Theresa May will ask the European Union for a second Brexit transition period from 2021 to at least 2023 […]

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Montenegro Government Budget Value

Government Budget Value in Montenegro decreased to -227834139.80 EUR in the fourth quarter of 2017 from -94292007.07 EUR in the third quarter of 2017. Government Budget Value in Montenegro averaged -49033370.96 EUR from 2003 until 2017, reaching an all time high of 187654471.92 EUR in the third quarter of 2007 and a record low of -303886124.31 EUR in the fourth quarter of 2015. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Montenegro Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

EUR/USD pushes higher above 1.1700, session tops

The softer tone in the greenback helps spot to advance further. The pair appears supported in the 1.1680/70 band so far. ECB minutes, US data releases next on tap. EUR/USD is moving further north of the 1.1700 handle on Thursday amidst a renewed selling pressure around the greenback. EUR/USD attention remains on the ECB event […]

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Montenegro Average Monthly Wages in Manufacturing

Wages In Manufacturing in Montenegro decreased to 616 EUR/Month in March from 619 EUR/Month in February of 2018. Wages In Manufacturing in Montenegro averaged 678.64 EUR/Month from 2011 until 2018, reaching an all time high of 827 EUR/Month in June of 2012 and a record low of 610 EUR/Month in October of 2013. This page provides - Montenegro Average Monthly Wages in Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.