Virtual currency 21, 2014 to customize the rules. The proposal, per NY DFS press release "… sought to strike an appropriate balance that helps protect consumers and root out illegal activity". It has been criticized by smaller companies to favor established institutions, and Chinese bitcoin exchanges have complained that the rules are "overly broad in its application outside the United States". Virtual currency Virtual currency, or virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers and used and accepted among the members of a specific virtual community. The U.S. Commodity Futures Trading Commission
Currency War of 2009–11 the rise in the Euro in the latter half of 2010 was China's purchase of Euro-denominated bonds. While China's intervention was in some ways helpful for the Eurozone, it also generated concern with several European officials speaking out against the action. These officials included: ECB governor Jean-Claude Trichet and Eurogroup president Jean-Claude Juncker. Japan also has a large current account surplus, and in 2009 and 2010 the country allowed the Yen to appreciate. However, in September 2010 Japan twice intervened to effect a devaluation. Japan has a number of challenges that limit its ability to allow ongoing currency appreciation, including