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 announced the closure of its state aid investigations into tax rulings granted to Amazon, Fiat, and Starbucks by Luxembourg and the Netherlands. Initially, the Commission
The European Public Prosecutor’s Office (EPPO) carried out 25 searches and other investigative measures in six countries on January 17, in an action targeting a suspected 19 million euro VAT fraud,
Press Release from Guernsey Finance, Thursday 16 May, 2024. Panellists at Guernsey’s Funds Forum 2024 praised Guernsey’s supportive environment for innovation, flexibility of company law, and
Almost 1,000 large businesses saw shareholders filing resolutions on ESG issues in 2023, a slight year-on-year increase globally. But European shareholders bucked this trend, exhibiting short-term thinking