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.
Chinese and other non-EU seller marketplaces may face customs admin charge in response to alleged widespread tax evasionEuropean Commission officials are reported to be considering a new customs administration
BCG’s report on Africa Climate Finance reveals that only 12% of the $2.4 trillion investment needed by 2030 has been met. Only 12% of the $2.4 trillion investment needed by 2030 for climate financing
Polling comes as 260 millionaires and billionaires sign new letter, directed at political leaders attending the World Economic Forum in Davos, saying they would be “Proud To Pay More” in taxes.
European financial institutions will have to assess whether ESG risks could threaten their business models and risk profiles under draft rules tabled by the EU’s top banking regulator. The European