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US to lower barriers on imposing 'too big to fail' label on firms
US to lower barriers on imposing 'too big to fail' label on firms
by  AFP

US regulators voted Friday to undo rollbacks under the Trump administration that made it tougher to place certain financial companies under heightened supervision -- if they posed stability risks. This means the companies would be subject to heightened government supervision.

Relief in crypto world over Bankman-Fried conviction
Relief in crypto world over Bankman-Fried conviction
by  AFP

Cryptocurrency backers on Friday celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal. On Thursday, a New York jury found Bankman-Fried, known as "SBF," guilty of all seven counts against him, including fraud, conspiracy and money laundering.

Panama bans new mining contracts in response to mass protests
Panama bans new mining contracts in response to mass protests
by  AFP

Panama's parliament on Friday approved a moratorium on new metal mining contracts after thousands took to the streets for days on end to protest a deal with a Canadian copper company. The ban approved Friday for an indeterminate period of time does not affect the already-signed First Quantum deal -- the constitutionality of which is being reviewed instead by Panama's Supreme Court.

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