BIS

Bank of International Settlements

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender

The Indian government is considering a proposal to introduce its cryptocurrency similar to Bitcoin, even as it is working on creating a legal framework for bitcoin and other digital currencies. The proposed govt cryptocurrency would be issued directly by the Reserve Bank of India.

Hedge Fund CIO: "Why The Future Of Cryptocurrency Is Not As It Seems"

"The future of cryptocurrency is not as it seems. Once private markets perfect cryptocurrency technology, governments will commandeer it, killing today’s pioneers. Then with every cryptodollar, yen, euro and renminbi registered on their servers, they’ll have complete dominion over money, laundering, taxation. "