New government reports warn that the rise of crypto-related economic risks could trigger widespread financial disruption.
As the cryptocurrency industry scored massive electoral wins in November and skyrocketing crypto prices currently push the global valuation to more than $3 trillion, federal regulators have issued warnings about the nascent industry’s potential to cause widespread disruptions to traditional banking and financial markets.
The reports, which highlight crypto’s volatility, lack of regulations, and growing ties to traditional markets, echo alerts issued about the subprime mortgage industry before the 2008 financial crisis.
The European Commission president, Ursula von der Leyen, has called for new EU taxes on large companies, tobacco and electronic waste as part of a proposed €2tn (£1.7tn) budget. Announcing the planned
Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of suspected money laundering, in which the value of assets seized now stands
The Committee of Civil Liberties in the European Parliament has overwhelmingly adopted the European Commission’s draft for a far-reaching anti-corruption directive on Wednesday to step up efforts
The data sheds light on who is top of the tree in the citizenship and residency-by-investment schemes around the world. Malta and Portugal rank top in their respective categories. The Mediterranean