| Mobile Web

Search results for Finance Ministry

Crypto

Arthur Hayes says dollar supply could rise as Japan defends yen; bitcoin, gold may benefit

BitMEX co-founder Arthur Hayes said U.S. Federal Reserve dollar liquidity provision could expand as Japan seeks to push up the yen. He outlined a scenario using the Fed’s FIMA repo facility, in which Japan posts U.S. Treasuries as collateral to borrow dollars, sells them for yen and then invests the yen in domestic assets. Hayes said this could expand the Fed’s balance sheet and channel liquidity into bitcoin, ether, gold and gold miners.

Crypto

Arthur Hayes says U.S.-Japan currency intervention that boosts dollar liquidity could lift bitcoin

Arthur Hayes (아서 헤이즈) said bitcoin could face upward pressure if U.S. and Japanese currency intervention expands dollar liquidity. He highlighted the Fed’s FIMA Repo facility, which allows foreign central banks and international organisations to borrow dollars against U.S. Treasuries. Hayes outlined steps in which Japan borrows dollars, sells them for yen and buys domestic assets, while the Fed expands its balance sheet. He also discussed ethereum and Ethena, and disclosed Maelstrom’s bullish bitcoin position.

Fintech

HSBC enters UK digital securities sandbox after Bank of England approval

HSBC has received Bank of England approval to operate its digital asset platform, HSBC Orion, in the UK Digital Securities Sandbox. According to Cointelegraph, the platform supports the issuance, post-trade servicing and settlement of digital securities. HSBC Orion will operate as a digital securities depository within the sandbox. The platform supports bonds issued directly in digital form, including the planned UK digital gilt instrument and corporate bonds.