• March 17, 2024

Goldman Sachs Anticipates Bank of Japan to Lift Negative Interest Rates by March

In recent financial developments, Goldman Sachs has expressed its expectations for the Bank of Japan (BOJ) to withdraw its negative interest rates by March. This projection is encouraged by factors like higher wage negotiations results and related reportage believed to catalyze this change. Goldman Sachs' stance from just five days prior suggested some skepticism about the BOJ's communication clarity during this critical phase, hinting at a possible delay in hiking the interest rates. However, their updated forecast signals a more optimistic outlook regarding the BOJ's strategic adjustments.

  • March 15, 2024

Dubai International Financial Centre Enacts New Digital Asset Law

According to PANews, the Dubai International Financial Centre (DIFC) has announced the implementation of a new digital asset law, aimed at keeping DIFC in sync with technological advancements and providing legal clarity for digital asset investors and users. The law, which came into effect on March 8th, intends to comprehensively regulate the legal characteristics of digital assets as property law and stipulate how to control, transfer, and handle digital assets. DIFC is a tax-free special economic zone in Dubai with an independent legal system and courts based on British common law. The enactment of this law follows a review of regulatory approaches in various regions worldwide and a public consultation conducted last year.