$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment … Read more$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

US Treasury Department Says Cryptocurrencies Could Could Undermine Sanctions

The U.S. Treasury Department said on Monday in a report that cryptocurrencies could undermine the effectiveness of U.S. sanctions. The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of … Read moreUS Treasury Department Says Cryptocurrencies Could Could Undermine Sanctions