Electronic money: 161 accounts are opened in two days of its operation

On the second test day for the operation of electronic money, the Central Bank of Ecuador (BCE for its Spanish acronym) reported that a total of 161 accounts were opened and already achieved major transactions such as payments and recharges of money with this financial system....

Rates for electronic money transactions must be approved

The Central Bank of Ecuador (BCE for its Spanish acronym),  developed a rate proposal for six types of transactions with electronic money. Three of them would be free, according to the approach that shall be approved by the Monetary Adjustment and Policy Board. In a statemen...

EU will apply tax to financial transactions

About ten countries members of the European Union (EU) agreed this Tuesday May 6 a levy on financial transactions which shall enter into force on January 1, 2016, said Austrian Economy Minister, Michael Spindelegger. The Minister added that countries participating in the...