News that Strengthen Cryptocurrency (XXIV)

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News that Strengthen Cryptocurrency (XV)

A weekly section discussing how general events can influence the future of cryptocurrency sector

Australian Government to Impose Tax on Bank Deposits

The Australian Federal Government is gearing itself up to introduce a tax on bank deposits during the May budget. The banking sector however warned of the difficulties such a rule would brought to the customers. The opposition meanwhile also accused the government for breaking its campaign promises.

 

Chinese Traders’ Debt Reaches One Trillion Yuan

Shanghai traders’ borrowed amount recently exceeded the alert level — one trillion yuan. The figures eventually made Chinese traders’ debt the highest around the world. The debt is said to be four times greater than in last 12 months.

 

European Central Bank to Continue Bond Purchases even if Economy Improves

According to the representatives of the European Central Bank (ECB), the so-called quantitative easing would continue to stay, as planned, even though the economic situation improves. The program of purchases of public and private assets includes the acquisition of 60,000 million euros by September 2016 while targeting the inflation of 2%.