Chevron says President Javier Milei must take more steps to deregulate Argentina’s economy and free up investors from capital controls to make the most out of its burgeoning shale boom https://t.co/PBjmANU3F0 ...

The Russian unit of Austria’s Raiffeisen is immensely profitable. Problem is, it can’t get the money out of the country https://t.co/eBSBhStpIh ...

Core Viewpoint - Legendary investor Ray Dalio warns that the world is "on the brink" of a capital war, highlighting the potential for geopolitical tensions to escalate into financial conflict, including trade embargoes and capital controls [1][2][4]. Geopolitical Tensions - Dalio expresses concerns about mutual fears between Europe and the United States regarding sanctions and restricted access to capital markets, indicating that while a capital war hasn't started, the situation is precariously close [2][4]. - The remarks come amid heightened tensions over U.S. international policies, including tariffs and attempts to acquire Greenland, which have caused market volatility and reflect fears of a capital imbalance between major economies [3]. Capital Controls and Market Dynamics - Dalio notes that capital controls are being implemented globally, raising questions about who will be affected, and emphasizes that while a capital war is not currently happening, it is a logical concern [4]. - European investors accounted for 80% of foreign purchases of U.S. Treasurys between April and November, highlighting the interconnectedness of global financial systems and the associated risks [5]. Historical Context and Investment Strategies - Dalio draws historical parallels to the U.S. sanctions on Japan before World War II, suggesting that similar dynamics could unfold between the U.S. and China or Europe [6]. - In response to these geopolitical concerns, central banks and sovereign wealth funds are preparing for potential capital controls, indicating a growing awareness of the risks posed to global capital markets [7]. Investment Recommendations - Amid market uncertainties, Dalio advocates for gold as a reliable hedge against volatility, emphasizing its critical role as a diversifier despite recent price fluctuations [8]. - He advises central banks and investors to maintain a percentage of their portfolios in gold to safeguard against economic downturns [8].

LATEST: 🇰🇷 South Korea's stablecoin bill has stalled as Bank of Korea Governor Lee Chang-yong argues won-pegged tokens could bypass capital controls and industry groups push for broader access. https://t.co/y0gD8uXdiU ...

Ray Dalio's article states that the US is in the late stage of the big cycle, facing simultaneous pressures on fiscal debt, politics, society, and international order. Unsustainable debt may lead to money printing or inflation, weakening currency credit. Severe political polarization, collapsing rule consensus, and intensifying wealth gaps/conflicts. Later stages may involve capital controls, reserve freezes, and cross-border restrictions, turning funds into political tools. Traditional bonds lose appeal; g ...

The success of Chinese money-laundering networks is due to technical innovation, trade surpluses and strict capital controls. We explain how the illicit industry works https://t.co/6fmosaCzHu ...

Chinese authorities step up efforts to collect taxes from citizens with overseas investment income as part of broader push to suppress cross-border trading that evades capital controls https://t.co/oiycfv7TxB ...

Group 1 - The discussions around a Korean Won stablecoin are gaining traction ahead of Korea Blockchain Week, highlighting the political significance of local currencies as digital alternatives to the U.S. dollar [1][2] - Most Asian currencies face capital controls that limit their global circulation, with the Hong Kong dollar being the only currency in the region that can function as a stablecoin on an international scale [2][6] - A bill to legalize stablecoins in Korea is progressing, but it is not aimed at globalizing the Won due to existing regulations that prevent capital flight, reflecting a desire to maintain monetary sovereignty [3][4] Group 2 - The Korean central bank is open to the idea of Won stablecoins but expresses concerns regarding foreign convertibility, indicating that the same restrictions that protect sovereignty also hinder international utility [4][5] - Other Asian currencies, such as Taiwan's New Taiwan dollar and the renminbi, are similarly constrained by capital controls, limiting their potential for global stablecoin proposals [6] - The Hong Kong dollar's full convertibility and its established role in international markets position it uniquely as a potential global stablecoin, capable of meeting both domestic and international liquidity needs [7][8]

Capital Controls - UK imposes capital controls [1] - New limit: £3,000 max withdrawal per day [1]

Capital Controls & Economic Impact - UK introduces capital controls limiting withdrawals to a maximum of 3,000 GBP per day [1] - Concerns raised about potential confiscation of assets [1] - Economic downturn may lead to individuals bearing the financial burden [1] Financial Risk & Mitigation - Urgency to withdraw assets quickly to avoid potential losses [1]