Search Results for: EC
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
Ex-Head of Volkswagen suspected of tax evasion in Germany – Reports
July 31st, 2018
The prosecutors of the German city of Braunschweig are suspecting former head of Volkswagen AG Martin Winterkorn of tax evasion, local media reported on Sunday. The investigation began in 2017 in Munich, when a staff member at Sparda bank ...
Russia’s gold reserves approaching record as Moscow is striving to escape from US dollar hegemony
July 30th, 2018
With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT. “Some countries in the world want ...
European Central Bank released monetary policy decision on interest rates
July 27th, 2018
At its meeting on July 26, 2018, the Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain ...
FCA banned four former directors of an online consumer credit broker
July 26th, 2018
The Financial Conduct Authority (FCA) has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved). The firm took fees of over ...
Beware: Supervisory authorities around the world issued investor protection warnings
July 25th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Spain (Comisión Nacional del Mercado de Valores – Cnmv), Austria (Financial Market Authority – FMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), France (Authorité des Marchés ...
EY acquires new cryptocurrency technology
July 25th, 2018
Ernst & Young (EY) has acquired technology assets and related patents from Elevated Consciousness Inc, a San Francisco, CA-based startup focused on developing solutions for the crypto-asset ecosystem. The Crypto-Asset Accounting and Tax (“CAAT”) tool connects with multiple cryptocurrency ...
EU wants US tech companies to pay tax
July 24th, 2018
European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday. The final communique reaffirmed a commitment to address the impacts of ...
17 EU countries warned for failing to implement cybersecurity law
July 24th, 2018
The European Commission has sent warnings to 17 EU countries for failing to implement cybersecurity law, after missing a May 9 deadline. The European Commission has issued warnings to seventeen European Union countries because the countries involved missed a ...
Dollar recovers after weak start
July 24th, 2018
The dollar pulled back against its major rivals at the start of the new trading week, but has since staged a recovery and is now trading modestly to the upside. Economic data has been sparse Monday and things will ...
