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Episode details

World Service,28 Jun 2021,23 mins

Warning issued against major digital currency firm

World Business Report

Available for over a year

The UK’s financial regulator, the Financial Conduct Authority, warns consumers against using Binance, a major digital currency company. Cryptocurrency investor Colin Stone tells us why this is the latest in an ongoing tussle between the scepticism of financial regulators, and free-market investors in currencies like Bitcoin. We go to Lisbon to hear about the latest in Portugal’s covid travel restrictions – the BBC’s Alison Roberts explains what missing out on UK summer tourism means for the country. Japan’s business culture is in the spotlight once again, as Tokyo-based Toshiba yields to global management styles, in a move away from an insular corporate environment; economist Michael Hughes tells us what it means for the world’s third largest economy. Oil prices have been flip-flopping for years, in an indication of competition between Saudi Arabia and the US – analyst Ellen Wald gives us the latest. Finally, as money flows in to the tech start-up space, we speak to Martin MacMillan, the founder of Pollen VC - a firm involved in the behind-the-scenes world of financing lucrative start-ups. (Image: A Binance logo is seen on a smartphone screen. Credit: Thiago Prudencio/ SOPA Images/ LightRocket/ Getty Images)

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