Interbank market news scan: Tesla adds bitcoin to its balance sheet; Central banks, foreign exchange, cryptocurrency …

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In the news …

Tesla’s move to invest $1.5 billion in bitcoin further solidifies cryptocurrency as an emerging reserve currency for technology companies. Tesla’s $1.5 billion bitcoin purchase points to crytocurrency as tech company reserve currency | ZDNet

The Group of Seven (G7) financial leaders would kick off debate on Friday on emerging market debt problems, implementation of digital taxation and central bank digital currency, Japanese Finance Minister Taro Aso said on Tuesday. Japan finance minister: G7 focus on emerging market debt, digital taxation and digital currency | Reuters

The French economy is still on course to rebound 5% this year despite the uncertainty created by the coronavirus pandemic, the head of the central bank said on Tuesday, reiterating its December forecast. French economy still on track for 5% growth this year: central bank (msn.com)

The U.S. Federal Reserve is beginning to incorporate the impacts of global warming into its regulatory writ, following in the footsteps of its global peers, according to a paper published Monday by the San Francisco Fed. Fed to weave ‘inescapable’ climate change risk into bank oversight (msn.com)

The Central Bank of Ireland (CBI) has told investment firms to beef up their surveillance of insider trading and market manipulation this year or face fines and other sanctions from the regulator. Central Bank aims to curb abuse as amateurs flood markets (msn.com)

Emerging market central banks delivered just one interest rate cut in December, signalling the fading out of an easing cycle that had started in 2019 and had exceeded the cuts during the 2008 financial crisis and the 2010 euro crisis. Emerging market central bank rate cuts fade further in January | Reuters

2:33 am EST, 9 February 2021

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