Search Results for: IRS
Gold demand up 42 percent year on year in the first quarter of 2018 among central banks
October 29th, 2018
Central banks around the world are turning to gold as an alternative to the US dollar, which they see as being undermined by America’s aggressive trade policy and geopolitical uncertainty. Demand for gold was up 42 percent year on ...
First residence permits issued in the EU Member States remain above 3 million in 2017
October 26th, 2018
In 2017, about 3.1 million first residence permits were issued in the European Union (EU) to non-EU citizens. The number increased almost by 4% (or 112 000) compared with 2016. Employment reasons accounted for almost one-third (32%) of all ...
Money-laundering watchdog to set first cryptocurrency rules by June
October 22nd, 2018
The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations. The Paris-based Financial Action Task Force ...
Initial Coin Offerings: A total of $13.7 billion USD raised the first five months of 2018; Report
July 5th, 2018
The Crypto Valley Association has teamed up again with Strategy&, the strategy and consulting division of CVA member PwC, to launch the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market. The report, ...
Australian tourist town has declared itself the first “digital currency town”
June 7th, 2018
Agnes Water, a tourist town located in central Queensland, Austrailia has become one of the first locations to accept digital currency. In a collaboration with TravelByBit (a start-up company native to Queensland) one town hopes to increase the flow ...
Facebook and Google accused of violating GDPR on first day of the new European Privacy Law
June 6th, 2018
When Mark Zuckerberg testified in front of members of the European Parliament, he insisted that Facebook was ready for Friday, the day when the European Unions’s strict new data privacy law went into effect. But users in Europe have ...
Spain to introduce the first “Real” Digital Tax in the EU
June 1st, 2018
The Treasury will impose a 5% tax on foreign and Spanish companies’ digital services. This new tax will be on the intermediary services and the publicity and sale of digital data up to 5% of the turnover of all ...
Here’s the first deal of the legal sports betting era: Paddy Power Betfair is buying FanDuel
May 24th, 2018
Earlier this month, the U.S. Supreme Court gave the go-ahead to legal sports gambling. Now we have the first result of that deal: Paddy Power Betfair, a U.K.-based sports-betting heavyweight, is buying FanDuel, a big fantasy sports operator. This ...
This is the first country in the world to recognize a cryptocurrency as legal tender
March 5th, 2018
The Marshall Islands is creating its own digital currency in a bid to raise money. In doing so it becomes the first country in the world to recognize a cryptocurrency as legal tender. The small Pacific Island nation passed ...
Two leading MENA Fintech hubs signed region’s first FinTech agreement
January 8th, 2018
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the ...
