Search Results for: FIA
Barcelona to Launch Local Digital Currency, Reports Claim
October 26th, 2015
Barcelona city council is reportedly working to launch its own digital currency in the next six months. According to reports from El Pais, one of Spain’s leading national newspapers, mayor Ada Colau’s government is hoping the digital currency will ...
Deloitte: Bitcoin at the crossroads
October 22nd, 2015
There is a race to regulate Bitcoin. Is it too soon? Bitcoin has captured the imagination of consumers and businesses around the world as a major breakthrough in how value is exchanged. The Bitcoin “blockchain” is a fundamental breakthrough ...
Brussels orders EU countries to claw back ‘illegal’ tax rulings
October 22nd, 2015
Europe’s competition chief ordered the Netherlands to recover €20-30 million in back taxes from Starbucks on Wednesday (21 October) and told Luxembourg to claim the same amount from Fiat Chrysler Automobiles. The move is a heavy blow to profit-shielding ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
MiFID II – the road ahead
October 22nd, 2015
The financial Conduct Authority (FCA), the financial regulator of UK, has published a Speech by David Lawton, Director of Markets Policy and International, FCA, delivered at the FCA MiFID II Conference, London. David Lawton, Director of Markets Policy and ...
Foreign Investors Complain About Russia’s Unpredictable Laws
October 21st, 2015
Unpredictable lawmaking is undermining Russia‘s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) — a group of the biggest foreign companies working in Russia — told Prime Minister Dmitry Medvedev on Monday. A report by financial services ...
MNB warns for INTERACTIVE LTD
October 19th, 2015
The Central Bank of Hungary (MNB) has issued a press release to inform public regarding an unauthorised firm with the name INTERACTIVE LTD. Specific, MNB informs that: INTERACTIVE LTD. (former Interactive Brokerage Ltd. and Global Markets Ltd.) (1) Street: ...
Silver as money
October 16th, 2015
Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, ...
VW Loses Market Share in Europe as Diesel-Motor Recalls Loom
October 16th, 2015
Gain of 8.3% lagged behind industry growth of 9.8% last month VW showed “noticeable uptick” in German discounting: Barclays Volkswagen AG failed to keep pace with European competitors as the German carmaker’s market share slipped last month in the ...
What will Happen to Bitcoin when the Economy goes Bust?
October 12th, 2015
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in ...
