China Fines Bitmain $3.6 Million for Tax Violations, Report
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices designed for cryptocurrency mining, Bitmain, has reportedly been...
G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies
The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” said Japan’s Vice Minister of Finance for International Affairs. G7 to Discuss Stronger Crypto...
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence Russia’s Minister of Foreign Affairs,...
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook in a blog post published by the IMF...
Anti-Piracy “Mega-Firewall” Could Render Italian ISPs Liable For Over-Blocking
Last month a bill crafted to crack down on pirate IPTV services was unanimously approved by Italy’s Chamber of Deputies. If passed by the Senate, broadcasters through telecoms regulator AGCOM will have new powers to compel internet service providers to block pirate streams in a matter of minutes, potentially seconds. Site-blocking measures to deal with piracy are nothing new in Italy, but by narrowing the blocking window, the window...
