Sun Sets on Offshore Banking as Assets Worth $11 Trillion Uncovered

The three-year old Common Reporting Standard is uncovering offshore assets on a massive scale, highlighting cryptocurrencies as a potential alternative. The Organization for Economic Cooperation and Development, or OECD, reported on Tuesday how automatic reporting in 2019 helped uncover $11 trillion worth of assets in offshore accounts. The result came as the Common Reporting Standard, […]

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Data Startup Wants to Rank Every Cryptocurrency Product From Media to Wallets

Nomics wants to provide an algorithmic ranking for every cryptocurrency product category from wallets to crypto media outlets. Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media […]

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Institutionalize Crypto: Big Four Analytics Tools May Lure in Traditional Investors

Big Four firms introduce data analytics tools to help manage crypto and digital assets for institutional clients. Once dominated by young and savvy retail investors, the cryptocurrency market has seen increasing interest lately from institutional investors and large fintech firms. For instance, Grayscale Investments most recently added 19,879 Bitcoin (BTC) to its Bitcoin Trust, bringing […]

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Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future

Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said. According to the federal authority, Switzerland does not need to amend its existing tax legislation in regard to blockchain and […]

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