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 Federal Government has approved the signing of an agreement between Nigeria and the United Arab Emirates (UAE) to eliminate double taxation as regards taxes on income and the prevention of tax evasion.
After a seven-month hiatus, Binance has made a notable return to India’s digital landscape. The crypto exchange has been reinstated on India’s Google Play Store and Apple App Store as of August
Roger Ver, famously known as “Bitcoin Jesus,” is locked in a $48 million tax dispute with the IRS. The accusations stem from alleged tax evasion after Ver renounced his U.S. citizenship. In December
The European Court of Auditors has found that simplified customs rules for VAT collection are highly vulnerable to abuse. Controls by Member States have serious shortcomings and there is insufficient