in the ninety four hundred mark on monday the crypto currency climbed to nine thousand seven hundred twenty nine dollars and seventy two cents according to data on coin base which is the biggest bitcoin exchange in the u.s. one hundred thousand accounts were added between wednesday and friday of last week that brings the total to thirteen point one million accounts double the amount from a year ago the surge is widely considered to have been retail driven although it also follows big news from c.m.e. group by the second week of december c.m.e. will list futures which is seen by many as a step toward making the digital currency as a legitimate asset class so far it's risen over eight hundred percent from the beginning of two thousand and seventeen. speaking of crypto currency one canada based company is hoping to create its own coin to disrupt the global remittance market but right now the firm has the eye on cuba and the greater caribbean region to hear more about this we're joined now by

steve marshall c.e.o. of cuba ventures corp steve your company just announced the creation of the block chain based mobile app we're ball you pay to target cuba's three point four billion dollar remittance market including its own crypto currency so how is that supposed to work when only a small portion of the population in cuba has decent access to the internet. well that's one of the followed with regard to cuba right now what you have is a situation would the the national telephone company has a. network which is internet capable and we also have the situation was the having in solutions in holds. the so we know there's a lot of competition now western union seems to be the kingpin of remittances but other companies like pay pal and money graham are emerging as competitors to so what's the advantage of volume pay versus any of the others. well the first thing

is that we have blocked. we have lower costs because of that we have security we have speed and one of the most important factors of course is the c.c.u. coin which is our internal crypto currency and so what that means is that the the actual structure of our room in system is both fast and cheap the average cost to send money to cuba right now is around about twenty percent and we are sure that we can do this for eight percent which is a massive difference and also it means that most people send the same amount of money when they send remittances so actually more money will arrive in cuba and our estimations are three hundred forty million dollars more if we have a quick uptake of revolver pay. full regulators aren't always keen to peg crypto currency is to central bank backed currency as though so how do you plan on

navigating that issue. while we have is simply a structure whereby the currency is deposited in the digital wallet by the remittance send and then those funds transferred via crypto currency and then the changeable back into the local currency on the island and whichever island it may be as you mentioned earlier this is going to have a roll out across the caribbean there are eleven currencies in the caribbean which is which is a mess for travelers and there's also the other aspect of revolver pay and that is that we will empower all of the entrepreneurs in cuba with a revolver they will allow them to be able to sell their services internationally just like any of the other companies you mentioned previously pay pal and these these entrepreneurs need help and the current us administration is pushing for these cuban entrepreneurs to be empowered and that's what our company will do well

we have learned over the past year or sell the. not all block chain based technology is hack proof so do the risks of hacking still outweigh just keeping the remittance process the way it is. while we assure that our system is secure and we we guarantee to our clients that their emissions will arrive so you know we don't see that as being a problem going forward. ok well i know you just briefly touched upon this but president trump has obviously made some changes to u.s. cuba policy since he entered office most recently regarding who can and can receive remittances so how big of an impact could that have on the remittance market and the businesses involved. well i don't the only restrictions that we have seen are those that were in place previously which limits remittances to people who work in the cuban military the security forces or the intelligence divisions and so our

business will obviously not focus on those markets at all but at literally the other aspects of this particular theme which is remittances remains unchanged and out of the view this three point four billion dollars per year at play here. ok so even at this app is man specifically for remittances could it have an impact on other industries like tourism. well as i mentioned it will have an impact on tourism because right now there are seven hundred fifty million dollars moving in to the hands of cuban entrepreneurs and what i mean by cuban entrepreneurs is the private homeowners it's those that drive the classic car taxis it's the famous paladar restaurants which are the private restaurants these businesses most people don't know this but these businesses don't have any message to charge clients at a distance so if they have a couple coming in from miami and then this couple would like to rent the bed and

breakfast they have a tough time getting the money to the actual home or not with rivaldo pay installed on their forms they can charge this immediately so again we're empowering the cuban entrepreneurs and that that is one of the major bases of this particular system. cuba is on schedule to elect a new president in february so do you think we should expect the same approach to the economy and foreign relations or could we actually see some changes. while we've seen again if you analyze the air of fidel castro and then the era of of raul castro you've seen a gradual change i mean all of these private businesses that have been permitted over the last couple of years based upon changes that were made by raul castro and we're confident that these changes are going to not only continue but increase to allow more private businesses to operate more licenses issued and it's going to be

a billion dollar business it's already seven hundred fifty million dollars per year so you know depending on the type of volume that business is looking at as far as we're concerned that's a very interesting market indeed and especially considering that there is they don't have any method right now to charge credit cards or charge for anything at distance and anybody who is visiting cuba would like to pay those those things in advance of course ok steve marshall c.e.o. of cuba ventures corp thanks so much for your time. thank you very much. it's been well over a year since the u.k. voted to leave the e.u. but the british economy is still adjusting to the pending changes in fact it wasn't too long ago that analysts cut the region's growth estimates for the next five years to help combat the resulting challenges the government announced details of in new industrial strategy that will target construction or life sciences automotive an artificial intelligence sectors and it's intended to increase

productivity officials also said they've secured major investments including one from u.s. based mark to open a research facility in london the news comes just a week after the european medicines agency announced it will move its headquarters from london to amsterdam. beyond the e m a there are a few other firms and agencies preparing to leave london after brock's it to that includes the banking regulator which could foreshadow which city will become the blocks new financial hub r.t. correspondent peter oliver has more on that from berlin. with sixteen months to go until brags that the european union has already decided where it will be moving its london based agencies with votes from the twenty seven remaining e.u. states to. slovenia abstained in protest over representative saw as a bias against eastern and central european countries. to be drawn from above and

the witness would be the new home of the european banking authority or. not could give the french capital an edge over the e.u. five senses should we see something of a bricks that exists and banks looking to relocate the french president said he was very happy with the decision so what about frankfurt the whole of the european central bank seemed to many like a natural choice but is this vote couldn't commit a would time for germany. all that's left in no position to offer other countries anything in exchange for their votes but enough about those that didn't win the other when it was. played host to the european medicines agency all made despite the fact that the dutch capital's office buildings won't even be ready in time for breaks that they were at least the top of a poll by the stuff of where they wanted to relocate so they will be happy anyway

for the u.k. this is a sign that is happening and that the european union is making plans for it and taking with them a thousand well paid job to paris and. but with less than a year and a haul for the full britain exits the european union how many more will follow. time now for a quick break but stick around because when we return former u.s. trading commissioner part and i will talk about changes we can see to the consumer financial protection bureau and archie correspondent alex the hell of it joins us to talk about a worrying report on nafta. everybody i'm stephen both. suspects. proud american first of all i'm just george bush and our. this is my buddy max the famous financial guru she's

a little bit different. with all the drama happening in our country and i'm shooting the brood. every day americans. to bridge the gap this is the great american. this footage is unique because there's a tribal lands and normally off limits to the public eric's allowed in because he's the. people here know him simply is dr eric he's rich famous some always on the move saving yachts and flying aircraft.

he's considered one of the best neurosurgeons in brazil. that's happening. already so says. the busy. nothing's going to do the population because he's going to people. on friday the director of the consumer financial protection bureau resigned and named his acting replacement a president trump also named a new director setting up a court battle over who will run the agency here to tell us more is former u.s. trading commissioner bart chilton part the sea of people has been up and running

for a little more than five years now but before we get ahead of ourselves why is to be important. bianco well i mean they were created in the wake of the financial collapse that was based upon the financial collapse you know based upon these bogus mortgages that were that were out there and if you remember the movie the big short where steve corrals character in it decides that you know he's got to go down to florida and figure. whether or not there really is a housing bubble and he looks around and figures that there are some problems and he's finally meeting with a woman at a gentlemen's club who's there entertaining the gentleman and he says you don't realize that your mortgage is the the interest rate could go up two hundred to four hundred percent at any time they want and the woman says on both of my loans and she says you have all of my loans rather he says you have more than two loans he

says i've got five houses and a condo and it was at that point that corrals character knew he wanted to short the housing market well the c.f.p. be bianco it was set up to guard against these deceptive mortgages where they give you a teaser rates and then balloon up you know after a period of time and it was things like dealing with disclosure you know if anybody's ever done a mortgage you get ten pages of mortgage disclosure they've shortened that down to three or four and the text is larger so people could actually i don't know read it so see if p.b. has done a lot of good things they find over that something like twelve billion dollars to some of the largest banks on the planet and return that money to about thirty million consumers so i'm a big fan it was needed and they're doing a good job while not everyone is a founding president trump says that many of the regulations in place today are

holding businesses back but you think consumers are better protected now than they were in two thousand and eight how so. well a couple of things one because of these things that were put in place that we talked about but overall all of the regulations not just at c f p b but at the office of the controller of the currency the federal posit insurance corporation my old agency the my futures trading commission to skerries exchange commission and even at the federal reserve all of those financial reg. elaters have new rules put in place to deal with consumer protections that cause the financial calamity that we witnessed now the president does say that these pesky regulations are slowing down financial profits in in the sector but quite frankly bianca they've never done better i mean you know show me the money and i'll show you where it is it's in the financial sector these guys are doing just very well thank you and i don't know

what these pesky regulations are that they're talking about what i know is millions and millions of consumers are better protected than they were before the law was passed well now we have this current controversy over who will leave the agency so what's going on there. ok so it's like the most bizarre thing ever ever and it is like a trumpet ministrations coup so what they do with these independent agencies like that a lot of the agencies i just mention my a former agency once you were nominated by a president and i was nominated to be a commissioner by both president bush and president obama republican and democrat of course then once you are confirmed by the senate you can't be fired except for by malfeasance for cause except for and other than that you're protected so you can speak your mind which i did a lot of and that's why you have these people in these roles that are independent agency roles so when the current director of the c.f.p.

be as of last friday left rob cordray when he left he appointed her the law his chief of staff as the acting director and she sent out an e-mail to everybody and sat on the acting director well then president trump decided he want his one of his office of management and budget director mick mulvaney a former congressman who voted against creating the consumer financial protection board and has been opposed to it from day one and continues to fight against it he says that fell off the. from the acting director so they both show up at work today and motivate me brings a bunch of donuts and wear some colorful socks and said let's get together but i'll tell you what it is remains to be seen what's really going to happen because the ask the woman who little or a english the former chief of staff and she says she's the acting director filed a case last night in the district court in washington d.c.

to see to say she should be the director of the acting director the bottom line is all these director positions all the president has to do is nominate somebody that he wants to fulfill this position permanently be confirmed like the senate like a bunch of people like me had to do and then there's no problem but for some reason he's wanted to do this sort of palace coup taking a white house political appointee in mr mo vanny and putting him into the statutorily protected independent position it's something i've never seen and quite frankly i just don't get it except for they really don't like this consumer protection watchdog let's backtrack for a second candidate tram campaign that he was going to be a champion for average americans not get that hillary clinton would be a tap is of wall street but we know that wall street doesn't exactly like the c.f. people and senator durbin who has had a big role in dodd frank said quote wall street hates it like the devil hates holy water and they're trying to put an end to it so how does this action square with

candidate trump's campaign promises. it's you have to do a you know ahead flip real quick to to make it square beyond that it doesn't sit you know average americans are benefiting from this agency you know wells fargo who last year and they're still in the hot seat a stablished a bunch of these fake accounts sham accounts for their own customers was fined hundreds of millions of dollars by c f p b you want these people. on on the on the case trying to ensure the protests protection for consumers remains but it doesn't square with what president trump said during the campaign he's certainly not being a champion of average folks by trying to gut these rules and regulations at the consumer watchdog how do you think allonby director mick mulvaney will approach or would approach current consumer protection. slash and burn

burn totally dismantled destroy torch the earth the consumer watchdog will be in the doghouse for a long time with nick motivated as the director. on monday who showed up for work and the c s p p general counsel said it's fine but that there will still be a legal challenge so what do you think will happen next. well i mean it's unclear at this point bianca when the district court judge will make that decision i hope it's soon because it's got to be a mess for these employees there you know having two people show up there six hundred ploys at c.f.p. b. and those people you know they're there like i was in government for a real purpose they believe in what they're doing and they certainly don't want to see all their good work dismantled they believe in protecting consumers and so i hope it gets resolved rather soon there are two outstanding variables one the the

judge that is going to oversee this case is a trump appointee who was confirmed by the senate and so the judge kelly and so that goes into it secondly there is some legislation moving through capitol hill and there may be those on the hill in the senate and house to try to stick on writers addressing c.f.p. be so it remains to be seen but hopefully will be worked out in the near future bianca well of us have to keep an eye on that on that one but now i want to turn to a different story a report on nafta after five rounds of talks between the united states mexico and canada little has been accomplished towards creating a new nafta deal according to analysts at the bank of montréal it's in goshen don't take a turn for the better and nafta dies both the u.s. and canadian economies will be hit with what the bank is calling a totally unnecessary costs artie's alex the hell that joins us from toronto with the latest alex what grim predictions are we hearing from the bank of montreal the

aga look five rounds of talks no movement whatsoever the not talks are not going in the right direction everything was supposed to be said and done by spring two thousand and eighteen it doesn't look like it's going to happen that way so bank of montreal a baker we call the mo up here in canada there's predicting that things would not look good at these negotiations don't change direction sooner than later when what i mean by don't looking good. well you look at the american cannot khana me we look at a drop of love point two percent over the next five years as for the canadian economy drop about one percent and that's the grander picture then when you break it down into industry some industries would be much harder than others and that would be a big part of that would be the fact that we have to drop into a world trade organization tariff system so any agreement we have right now is gone once these tariffs kick in the supply chains that we have now between canada mexico and the united states defacto fall apart in a way because we are seeing tariffs every time something crosses

a border so the supply chains we have especially in the automotive industry on our confidence are an envy to nations around the world i mean it's something that you can't really find at many other places in the world billion gallons i should say millions of jobs have been created billions of dollars across the borders over from the states to mexico and canada to the states each and every day so this has been a success the nafta agreement now it's just a question of what is the next step. look at president trump and he's saying you know it's america first i think he wants to bring about eighty five percent of all auto manufacturing that's includes parts into the state that would be up from sixty two point five percent but the fact of the matter is there will be a trickle down that because you're eliminating the supply chain that works so well of course of somebody would have to pay for these changes and that will come down to the consumer once the consumer has to pay more for american built cars or north american built cars that means that money will start going someplace else so there

is a lot of aspects that we have to look at here it's not just about an agreement about trade when we look at sort of macrocosm it goes down to the microcosm it goes down to each individual every individual in the three countries that make up nafta what would happen if nafta goes away everybody would eventually adjust but as it stands right now. many analysts are saying especially in those people in the mall as well that nafta really has done wonders for north america and it's something that we need to make work. alex it's part now you know it seems to be that there is some some advantage maybe from the trumpet ministrations perspective in continuing to make these demands on the negotiations but ultimately is what the most saying is that as a a pact as you know mexico canada and the u.s.

together that will just not be as strong when competing for example with the asians who are in the middle of working on this trans-atlantic transpacific partnership is that pretty much that would be most message alex but you know that's a big part of it really is and the fact is that canada the united states we lose nafta while we lose our competitive competitiveness when we compare ourselves to the e.u. or to the asian trade pact that exists right now also the fact is that if the united states right away it does not as good as a negotiator when it comes to talking to china where if there's a trade wherever kicks in there because it's sort of standing on the slower podium but it is with nafta nafta brings a lot of money into the u.s. that's just the way it is and within this it also just from an optical perspective the optics look good we work together we were work as a strong mass together and we survive on the face of this planet so i mean this is the thing with the united states it really has

a lot to lose in the global global perspective as for canada i mean we're looking east and west already justin trudeau our prime minister is going to be in china next week talking about more trade with that country already exists which is our trade agreement with the europeans and as for a t p p i mean without the united states that things are still moving along although it seems to be at a bit of a slower pace than it. doesn't exactly look like the old agreement but everybody else is talking around the us so the us now is a good thing and i think it really places it on a level when you look at it internationally that it wouldn't be if nafta was gone. r.t. correspondent alex mahela veteran formatting it all trading right commissioner bart chilton thanks so much for your time that's all for now be sure to catch boom bust on direct t.v. thanks for watching the next time. he's

doing an actual job it's like basically it's like this big euthanasia clinic tromp is the euthanasia doctor america is being euthanized and he's doing in a way where it's the least amount of pain but that's not that's not cruel i mean these doing as a good euthanasia this he's doing things in the cruel freeway. with this manufactured incentive to stick to the public will. when the right wing closest to protect themselves. with the famous merry go round. with

no middle of the room sick. to lose the memory leaves. to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive immunoglobulin that my body gets and support is that it cannot produce itself around the world giving blood is seen as a symbol of generosity knowing does this because it helps people it's just one of the side effects is that it helps reduce the prize more or grow. thankful they put the money on your car immediately after you get done half of all plasma based drugs today come from private companies and are produced from paid plasma the smallest compromise you know a motor car computer no one of the risks of paid donation in it and then is proof

that the frequency of pathologies is much higher in paid donations and in it. if i was lying when i. moved over two years old he was already in the money movements of drugs and who runs the blood business. apply for many flips over the years so i know the guy i mean so i gots. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money till you narrowness and spending student twenty million one playa. it's an experience like nothing else want to because i want to share what i think what i know about the beautiful guy migrates a woman runs for. the thinks he's going to. suspects

under the age of eighteen faced terrorist charges in two european countries as ever younger people become radicalized. amid fears of possible islamic state terror attacks during the upcoming holiday season the european old dorothy's be folks security or trying creatively not to spoil the christmas mood. let me know if he can answer it doesn't mean any protests outside the european commission as the e.u. votes to renew its or approval for a controversial weed killer produced by monsanto that allegedly causes cancer. and kurdish forces say they're ready to join the syrian army if the.