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The Bank of Russia opposed a fixed exchange rate

According to the regulator, fixing the exchange rate now could be "harmful" to the economy. "A floating exchange rate is the best protection of the economy from external shocks, a stabilizer of the economy," said the director of the Central Bank's monetary policy department.

According to him, economies with a large share of raw materials in the structure of exports have protective mechanisms. They can radically reduce the volatility of exchange rates. One of them is the budget rule.

The introduction of a fixed exchange rate may result in new risks to the financial stability of the country.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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