Nissan could be fined for decline in sales

Понедельник, 16 Октября 2017 г. 09:37 + в цитатник

Japan’s car maker Nissan Motor Co. is likely to face a penalty for the decline in sales after violations were detected in the control of product safety at companies in Japan.

Last week, Nissan officially withdrew about 1.2 million cars sold in Japan over the past three years. It turned out that the cars were shipped from the company's factories after inspection carried out by people without the required qualification. At the same time, they put the seals of employees responsible for the control of cars on the relevant documents.

The company did not deny the violation and reported that within a month it will conduct an investigation and submit a report to the government.

However, the car manufacturer could be fined up to 200 million yen, or $ 1.8 million, for providing false information. According to Japan’s ministry of transport, some culprits could be detained for a year.

https://instaforex.livejournal.com/1817185.html

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Four reasons why bitcoin price could soar to $6,000

Понедельник, 16 Октября 2017 г. 08:39 + в цитатник

Many experts claim that bitcoin price could be heading to $6,000. Check out the reasons in our article.

Experts do not stint on forecasts about bitcoin, the world's most popular cryptocurrency. Some predict it will soon collapse, calling it a bubble, while others forecast amazing growth prospects for it. However, after the price of bitcoin has smashed through $5,000 recently, some economists' recommendations are worth listening to. It is possible that bitcoin price could skyrocket to $6,000 and even higher. Let's consider some factors that could contribute to this scenario.

Bitcoin seeing unprecedented surge in interest
Digital assets that compose the global cryptocurrency ecosystem have very well progressed in terms of carving out their own individual niches. Initial coin offerings (ICOs) are taking place all over the world. Vast amounts of money are being spent on cryptocurrencies. Bitcoin have not lost interest in it even on the back of the Chinese government clamping down on virtual currency activity.
- Safe-haven asset
  According to experts, the financial crisis will not ruin the most popular cryptocurrency. Bitcoin is considered a safe-haven asset, not affected by traditional market factors.
  - Wall Street embracing bitcoin
    Big Wall Street firms have embraced bitcoin. However, there are also some that are not cryptocurrency fans. Still, they are about to become a minority.

Bitcoin Gold being rolled out
The bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG) by late October – early November. Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold.

https://instaforex.livejournal.com/1817010.html

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Four reasons why bitcoin price could soar to $6,000

Понедельник, 16 Октября 2017 г. 08:39 + в цитатник

Many experts claim that bitcoin price could be heading to $6,000. Check out the reasons in our article.

Experts do not stint on forecasts about bitcoin, the world's most popular cryptocurrency. Some predict it will soon collapse, calling it a bubble, while others forecast amazing growth prospects for it. However, after the price of bitcoin has smashed through $5,000 recently, some economists' recommendations are worth listening to. It is possible that bitcoin price could skyrocket to $6,000 and even higher. Let's consider some factors that could contribute to this scenario.

Bitcoin seeing unprecedented surge in interest
Digital assets that compose the global cryptocurrency ecosystem have very well progressed in terms of carving out their own individual niches. Initial coin offerings (ICOs) are taking place all over the world. Vast amounts of money are being spent on cryptocurrencies. Bitcoin have not lost interest in it even on the back of the Chinese government clamping down on virtual currency activity.
- Safe-haven asset
  According to experts, the financial crisis will not ruin the most popular cryptocurrency. Bitcoin is considered a safe-haven asset, not affected by traditional market factors.
  - Wall Street embracing bitcoin
    Big Wall Street firms have embraced bitcoin. However, there are also some that are not cryptocurrency fans. Still, they are about to become a minority.

Bitcoin Gold being rolled out
The bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG) by late October – early November. Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold.

https://instaforex.livejournal.com/1817010.html

Метки: #photo_news

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Foreign exchange reserves in China increase in September

Пятница, 13 Октября 2017 г. 06:11 + в цитатник

According to the People’s Bank of China, the country’s foreign exchange reserves increased by $16.98 billion to $3.109 trillion from August. It is the highest reading since October 2016.

In August, the reserves made up $3.92 trillion, which is $10.81 billion higher than the preceding figure.

MarketWatch reported that the Chinese authorities tightened control over capital flows in attempt to stop outflows of funds. Strengthening of the yuan against the US dollar reduces the need to use funds from foreign exchange reserves for supporting the national currency.

Earlier, China’s central bank abolished two rules imposed for the yuan devaluation. This means there are no worries over the yuan exchange rate. The PBOC is more concerned by the currency’s strengthening.

https://instaforex.livejournal.com/1816740.html

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Foreign exchange reserves in China increase in September

Пятница, 13 Октября 2017 г. 06:11 + в цитатник

According to the People’s Bank of China, the country’s foreign exchange reserves increased by $16.98 billion to $3.109 trillion from August. It is the highest reading since October 2016.

In August, the reserves made up $3.92 trillion, which is $10.81 billion higher than the preceding figure.

MarketWatch reported that the Chinese authorities tightened control over capital flows in attempt to stop outflows of funds. Strengthening of the yuan against the US dollar reduces the need to use funds from foreign exchange reserves for supporting the national currency.

Earlier, China’s central bank abolished two rules imposed for the yuan devaluation. This means there are no worries over the yuan exchange rate. The PBOC is more concerned by the currency’s strengthening.

https://instaforex.livejournal.com/1816740.html

Метки: #forex_caricature

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Foreign exchange reserves in China increase in September

Пятница, 13 Октября 2017 г. 06:11 + в цитатник

According to the People’s Bank of China, the country’s foreign exchange reserves increased by $16.98 billion to $3.109 trillion from August. It is the highest reading since October 2016.

In August, the reserves made up $3.92 trillion, which is $10.81 billion higher than the preceding figure.

MarketWatch reported that the Chinese authorities tightened control over capital flows in attempt to stop outflows of funds. Strengthening of the yuan against the US dollar reduces the need to use funds from foreign exchange reserves for supporting the national currency.

Earlier, China’s central bank abolished two rules imposed for the yuan devaluation. This means there are no worries over the yuan exchange rate. The PBOC is more concerned by the currency’s strengthening.

https://instaforex.livejournal.com/1816740.html

Метки: #forex_caricature

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Six companies fleeing Catalonia

Пятница, 13 Октября 2017 г. 04:20 + в цитатник

The geopolitical situation in the Spanish region of Catalonia causes concern among major businesses. Some are preparing to move their head offices to other parts of the country, mainly to Madrid. View the details.

Catalonia held a controversial referendum on whether it should secede from Spain, thus creating dangerous geopolitical environment. Spain is in no wish to recognize the independence of this territory, although 90% of the Catalan voters have backed it. For most major companies this is an unfavorable situation. Some firms are moving their offices to other parts of Spain. Check them out.

Caixabank
Caixabank, the third-largest financial institution in Spain, said it
was ready to move its head office from Barcelona to Valencia in order to protect its clients' interests.
- Sabadell
  Sabadell, one of Catalonia's largest lenders, announced that it will move its headquarters away from the region to Alicante. The bank is concerned that it could suffer from having no access to the EU markets.
  - Colonial
    Spain's leading real estate firm said it was ready to move its head office out of Catalonia to Madrid.
    
    Gas Natural Fenosa
    Catalonia-based Gas Natural Fenosa, Spain's largest domestic energy company, decided to move its headquarters to Madrid with an aim to protect the interests of the firm and its customers.
    
    Dogi International Fabrics
    The textile company opted to move its legal domicile to Madrid. The reasons behind the move are the same: intention of protecting the interests of the firm and its customers and an opportunity to do business in a tranquil environment.

Oryzon Genomics
Oryzon Genomics, a biotechnology leader in Spain, said it was moving to Madrid from Barcelona to "optimize its operational effectiveness and the relationship with its investors."

https://instaforex.livejournal.com/1816384.html

Метки: #photo_news

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Six companies fleeing Catalonia

Пятница, 13 Октября 2017 г. 04:20 + в цитатник

The geopolitical situation in the Spanish region of Catalonia causes concern among major businesses. Some are preparing to move their head offices to other parts of the country, mainly to Madrid. View the details.

Catalonia held a controversial referendum on whether it should secede from Spain, thus creating dangerous geopolitical environment. Spain is in no wish to recognize the independence of this territory, although 90% of the Catalan voters have backed it. For most major companies this is an unfavorable situation. Some firms are moving their offices to other parts of Spain. Check them out.

Caixabank
Caixabank, the third-largest financial institution in Spain, said it
was ready to move its head office from Barcelona to Valencia in order to protect its clients' interests.
- Sabadell
  Sabadell, one of Catalonia's largest lenders, announced that it will move its headquarters away from the region to Alicante. The bank is concerned that it could suffer from having no access to the EU markets.
  - Colonial
    Spain's leading real estate firm said it was ready to move its head office out of Catalonia to Madrid.
    
    Gas Natural Fenosa
    Catalonia-based Gas Natural Fenosa, Spain's largest domestic energy company, decided to move its headquarters to Madrid with an aim to protect the interests of the firm and its customers.
    
    Dogi International Fabrics
    The textile company opted to move its legal domicile to Madrid. The reasons behind the move are the same: intention of protecting the interests of the firm and its customers and an opportunity to do business in a tranquil environment.

Oryzon Genomics
Oryzon Genomics, a biotechnology leader in Spain, said it was moving to Madrid from Barcelona to "optimize its operational effectiveness and the relationship with its investors."

https://instaforex.livejournal.com/1816384.html

Метки: #photo_news

Комментарии (0)

Six companies fleeing Catalonia

Пятница, 13 Октября 2017 г. 04:20 + в цитатник

The geopolitical situation in the Spanish region of Catalonia causes concern among major businesses. Some are preparing to move their head offices to other parts of the country, mainly to Madrid. View the details.

Catalonia held a controversial referendum on whether it should secede from Spain, thus creating dangerous geopolitical environment. Spain is in no wish to recognize the independence of this territory, although 90% of the Catalan voters have backed it. For most major companies this is an unfavorable situation. Some firms are moving their offices to other parts of Spain. Check them out.

Caixabank
Caixabank, the third-largest financial institution in Spain, said it
was ready to move its head office from Barcelona to Valencia in order to protect its clients' interests.
- Sabadell
  Sabadell, one of Catalonia's largest lenders, announced that it will move its headquarters away from the region to Alicante. The bank is concerned that it could suffer from having no access to the EU markets.
  - Colonial
    Spain's leading real estate firm said it was ready to move its head office out of Catalonia to Madrid.
    
    Gas Natural Fenosa
    Catalonia-based Gas Natural Fenosa, Spain's largest domestic energy company, decided to move its headquarters to Madrid with an aim to protect the interests of the firm and its customers.
    
    Dogi International Fabrics
    The textile company opted to move its legal domicile to Madrid. The reasons behind the move are the same: intention of protecting the interests of the firm and its customers and an opportunity to do business in a tranquil environment.

Oryzon Genomics
Oryzon Genomics, a biotechnology leader in Spain, said it was moving to Madrid from Barcelona to "optimize its operational effectiveness and the relationship with its investors."

https://instaforex.livejournal.com/1816384.html

Метки: #photo_news

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Anti-Russian sanctions cost EU over €30 bln

Четверг, 12 Октября 2017 г. 03:26 + в цитатник

People have always seemed to like counting others’ losses, especially if it concerns large states. It turned out the European Union, which is equal in the overall economic power to the US and China, suffered from sanctions imposed against Russia.

Despite record economic growth rates logged this year and Germany being the world’s fourth biggest economy, the EU is to face rather hard times. Partially, this is linked to sanctions against the Russian Federation. The ban has already cost the EU over 30 billion euros in lost income. Before 2014, big exports to Russia made it the fourth largest trade partner of the EU. One of the main export items was food deliveries, though one may wonder why the country spends that much money on buying food abroad.

Cyprus, Greece and Croatia were hit most as their exports to Russia plunged by 35%, 23% and 21%, respectively. Meanwhile, according to the UN estimates, the Russian economy lost $55 billion over these three years.

https://instaforex.livejournal.com/1816095.html

Метки: #forex_caricature

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Six companies fleeing Catalonia

Четверг, 12 Октября 2017 г. 02:39 + в цитатник

The geopolitical situation in the Spanish region of Catalonia causes concern among major businesses. Some are preparing to move their head offices to other parts of the country, mainly to Madrid. View the details.

Catalonia held a controversial referendum on whether it should secede from Spain, thus creating dangerous geopolitical environment. Spain is in no wish to recognize the independence of this territory, although 90% of the Catalan voters have backed it. For most major companies this is an unfavorable situation. Some firms are moving their offices to other parts of Spain. Check them out.

Caixabank
Caixabank, the third-largest financial institution in Spain, said it
was ready to move its head office from Barcelona to Valencia in order to protect its clients' interests.
- Sabadell
  Sabadell, one of Catalonia's largest lenders, announced that it will move its headquarters away from the region to Alicante. The bank is concerned that it could suffer from having no access to the EU markets.
  - Colonial
    Spain's leading real estate firm said it was ready to move its head office out of Catalonia to Madrid.
    
    Gas Natural Fenosa
    Catalonia-based Gas Natural Fenosa, Spain's largest domestic energy company, decided to move its headquarters to Madrid with an aim to protect the interests of the firm and its customers.
    
    Dogi International Fabrics
    The textile company opted to move its legal domicile to Madrid. The reasons behind the move are the same: intention of protecting the interests of the firm and its customers and an opportunity to do business in a tranquil environment.
    
    Oryzon Genomics
    Oryzon Genomics, a biotechnology leader in Spain, said it was moving to Madrid from Barcelona to "optimize its operational effectiveness and the relationship with its investors."

https://instaforex.livejournal.com/1815917.html

Метки: #photo_news

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Honesty is the best policy

Среда, 11 Октября 2017 г. 07:00 + в цитатник

HSBC Holdings PLC has been spotted by the US and UK monetary authorities being involved in dishonest forex practices. In September 2017, the US Federal Reserve fined the British multinational bank $175 million for “unsafe and unsound practices” in its forex business.

The US central bank detected that HSBC had shared confidential information about client’ orders and told competitors about their own trading positions. The regulator ruled that the HSBC management is to blame for market manipulation as it failed to monitor chat rooms where traders swapped information about investment positions. As a result, the management is facing a massive fine. Besides, the Fed required HSBC to tighten its internal controls and risk management in forex trading.

Interestingly, in 2014 the US Commodity Futures Trading Commission and Britain’s Financial Conduct Authority imposed a heavier fine on HSBC for market manipulation. The British bank is not the only financial institution which has been accused of forex rigging. Apart from HSBC, several large banks from the US, the UK, France and other countries have been fined for price fixing, misusing confidential customer information, and other dishonest practices.

https://instaforex.livejournal.com/1815745.html

Метки: #photo_news

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Honesty is the best policy

Среда, 11 Октября 2017 г. 07:00 + в цитатник

HSBC Holdings PLC has been spotted by the US and UK monetary authorities being involved in dishonest forex practices. In September 2017, the US Federal Reserve fined the British multinational bank $175 million for “unsafe and unsound practices” in its forex business.

The US central bank detected that HSBC had shared confidential information about client’ orders and told competitors about their own trading positions. The regulator ruled that the HSBC management is to blame for market manipulation as it failed to monitor chat rooms where traders swapped information about investment positions. As a result, the management is facing a massive fine. Besides, the Fed required HSBC to tighten its internal controls and risk management in forex trading.

Interestingly, in 2014 the US Commodity Futures Trading Commission and Britain’s Financial Conduct Authority imposed a heavier fine on HSBC for market manipulation. The British bank is not the only financial institution which has been accused of forex rigging. Apart from HSBC, several large banks from the US, the UK, France and other countries have been fined for price fixing, misusing confidential customer information, and other dishonest practices.

https://instaforex.livejournal.com/1815745.html

Метки: #photo_news

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Top 10 cryptocurrency world's gurus

Среда, 11 Октября 2017 г. 03:47 + в цитатник

In the cryptocurrency world, there are enough people who have become professionals in their business. They are considered leaders not only in the crypto-community but also beyond.

ryptocurrencies have become a part of our life. They won the financial market by conquering many of the largest businessmen and investors. As for their further application, disputes in both the digital and the real world continue. However, there are those who forced this innovation to work for them. We suggest learning more about these people.

Olaf Carlson-Wee

The first employee at Coinbase, a cryptocurrency exchange, Carlson-Wee has since launched Polychain Capital, a leading hedge fund that invests in blockchain assets.

On the podcast Unchained, Wee explains how he wrote his undergraduate thesis on Bitcoin in 2011 despite objections from professors, who declared the currency “dead." His foresight paid off then and now, as he currently manages $15 million in assets at Polychain Capital.

Andreas Antonopoulos

Andreas Antonopoulos is at the vanguard of cryptocurrency. He's the author of Mastering Bitcoin, the leading technical guide to understanding Bitcoin, as well as The Internet of Money, a primer on why digital currency is important.

Vinny Lingham

Vinny Lingham, star of Shark Tank South Africa, is a well-recognized Internet entrepreneur who immigrated to California a decade ago and is currently the co-founder and CEO of Civic, a startup that is leading a global digital identity revolution.

Laura Shin

A writer and senior editor at Forbes, Shin manages the publication's crypto and blockchain technology coverage.

Tai Zen and Leon Fu

This duo started the first and oldest cryptocurrency investing channel on Youtube to help their family, friends, and peers learn about cryptocurrency investing after getting tired of repeating themselves. They are known as the “Oracles of Crypto" for their immensely profitable and well documented premonitions of popular cryptos. They spend their time building trading tools, such as TaiFuIndexes to help investors monitor the health of the markets and make accurate investing decisions. As the founders of Cryptocurrency Market they also offer bootcamps and investing education.

Tai Zen and Leon Fu

This duo started the first and oldest cryptocurrency investing channel on Youtube to help their family, friends, and peers learn about cryptocurrency investing after getting tired of repeating themselves. They are known as the “Oracles of Crypto" for their immensely profitable and well documented premonitions of popular cryptos. They spend their time building trading tools, such as TaiFuIndexes to help investors monitor the health of the markets and make accurate investing decisions. As the founders of Cryptocurrency Market they also offer bootcamps and investing education.

Ameer Rosic

Ameer Rosic is a serial entrepreneur, marketing expert, angel investor, and Blockchain evangelist. He's the CEO of Blockgeeks Inc and respected commentator in the blockchain field. He's a featured speaker at Blockchain at Mars and Western University, and on sites like VentureBeat, NexWeb and Engadget.

Chris Dunn

An active investor and founder of Skill Incubator, home to the largest premium community of crypto traders and investors, Chris Dunn focuses on educational and financial startups.

He's been featured as a cryptocurrency thought leader in publications like Fox News and Entrepreneur. His goal is to help 100,000 people successfully invest in cryptocurrencies.

Peter Sin

Peter is an experienced financial professional with one of Singapore's leading financial advisory firm. Peter is the founder of Singapore Bitcoin Club, Singapore's largest cryptocurrency trading educational community. Peter speaks at various seminars where he share his personal views on portfolio diversification and leveraging crytos as a financial asset.

Charlie Lee

Charlie Lee, former Director of Engineering at Coinbase, is the founder of Litecoin. Recently, Lee decided to focus full-time on Litecoin, a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is a proven medium of commerce complementary to Bitcoin.

https://instaforex.livejournal.com/1815323.html

Метки: #photo_news

Комментарии (0)

Top 10 cryptocurrency world's gurus

Среда, 11 Октября 2017 г. 03:47 + в цитатник

In the cryptocurrency world, there are enough people who have become professionals in their business. They are considered leaders not only in the crypto-community but also beyond.

ryptocurrencies have become a part of our life. They won the financial market by conquering many of the largest businessmen and investors. As for their further application, disputes in both the digital and the real world continue. However, there are those who forced this innovation to work for them. We suggest learning more about these people.

Olaf Carlson-Wee

The first employee at Coinbase, a cryptocurrency exchange, Carlson-Wee has since launched Polychain Capital, a leading hedge fund that invests in blockchain assets.

On the podcast Unchained, Wee explains how he wrote his undergraduate thesis on Bitcoin in 2011 despite objections from professors, who declared the currency “dead." His foresight paid off then and now, as he currently manages $15 million in assets at Polychain Capital.

Andreas Antonopoulos

Andreas Antonopoulos is at the vanguard of cryptocurrency. He's the author of Mastering Bitcoin, the leading technical guide to understanding Bitcoin, as well as The Internet of Money, a primer on why digital currency is important.

Vinny Lingham

Vinny Lingham, star of Shark Tank South Africa, is a well-recognized Internet entrepreneur who immigrated to California a decade ago and is currently the co-founder and CEO of Civic, a startup that is leading a global digital identity revolution.

Laura Shin

A writer and senior editor at Forbes, Shin manages the publication's crypto and blockchain technology coverage.

Tai Zen and Leon Fu

This duo started the first and oldest cryptocurrency investing channel on Youtube to help their family, friends, and peers learn about cryptocurrency investing after getting tired of repeating themselves. They are known as the “Oracles of Crypto" for their immensely profitable and well documented premonitions of popular cryptos. They spend their time building trading tools, such as TaiFuIndexes to help investors monitor the health of the markets and make accurate investing decisions. As the founders of Cryptocurrency Market they also offer bootcamps and investing education.

Tai Zen and Leon Fu

This duo started the first and oldest cryptocurrency investing channel on Youtube to help their family, friends, and peers learn about cryptocurrency investing after getting tired of repeating themselves. They are known as the “Oracles of Crypto" for their immensely profitable and well documented premonitions of popular cryptos. They spend their time building trading tools, such as TaiFuIndexes to help investors monitor the health of the markets and make accurate investing decisions. As the founders of Cryptocurrency Market they also offer bootcamps and investing education.

Ameer Rosic

Ameer Rosic is a serial entrepreneur, marketing expert, angel investor, and Blockchain evangelist. He's the CEO of Blockgeeks Inc and respected commentator in the blockchain field. He's a featured speaker at Blockchain at Mars and Western University, and on sites like VentureBeat, NexWeb and Engadget.

Chris Dunn

An active investor and founder of Skill Incubator, home to the largest premium community of crypto traders and investors, Chris Dunn focuses on educational and financial startups.

He's been featured as a cryptocurrency thought leader in publications like Fox News and Entrepreneur. His goal is to help 100,000 people successfully invest in cryptocurrencies.

Peter Sin

Peter is an experienced financial professional with one of Singapore's leading financial advisory firm. Peter is the founder of Singapore Bitcoin Club, Singapore's largest cryptocurrency trading educational community. Peter speaks at various seminars where he share his personal views on portfolio diversification and leveraging crytos as a financial asset.

Charlie Lee

Charlie Lee, former Director of Engineering at Coinbase, is the founder of Litecoin. Recently, Lee decided to focus full-time on Litecoin, a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is a proven medium of commerce complementary to Bitcoin.

https://instaforex.livejournal.com/1815323.html

Метки: #photo_news

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BoE tells banks to find 4 billion pounds of bail-in debt by 2022

Вторник, 10 Октября 2017 г. 08:55 + в цитатник

Apparently, the problems of the bank are not always the problems of its clients. Even revoking of a license does not mean that the bank's clients will lose their funds. There are regulators who really try to protect ordinary citizens from financial losses as much as possible.

For example, one of the oldest financial institutions in the world, the Bank of England, introduced new rules in the best interests of the UK taxpayers. The new requirements for the banks operating in the UK include a reserve stock of 4 billion pounds. Banks have to find these funds by 2022. These rules are aimed at shielding taxpayers when lenders go bust, the Bank of England said. Without such a cushion, for example, during the financial crisis, the state had to save the affected companies among which large banks such as the Royal Bank of Scotland and Lloyds were. The new BOE rules will allow even very large financial institutions to go bankrupt without attracting taxpayers' money.

The Bank of England is rightly proud of its reputation as a global financial center and intends to retain this title even after leaving the EU. "We don’t want a financial center that doesn’t take risks," said Bank of England Deputy Governor Jon Cunliffe. Apparently, that is why many officials, politicians, business owners and other prosperous people from developing countries prefer English banks to the local ones.

https://instaforex.livejournal.com/1815227.html

Метки: #forex_caricature

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BoE tells banks to find 4 billion pounds of bail-in debt by 2022

Вторник, 10 Октября 2017 г. 08:55 + в цитатник

Apparently, the problems of the bank are not always the problems of its clients. Even revoking of a license does not mean that the bank's clients will lose their funds. There are regulators who really try to protect ordinary citizens from financial losses as much as possible.

For example, one of the oldest financial institutions in the world, the Bank of England, introduced new rules in the best interests of the UK taxpayers. The new requirements for the banks operating in the UK include a reserve stock of 4 billion pounds. Banks have to find these funds by 2022. These rules are aimed at shielding taxpayers when lenders go bust, the Bank of England said. Without such a cushion, for example, during the financial crisis, the state had to save the affected companies among which large banks such as the Royal Bank of Scotland and Lloyds were. The new BOE rules will allow even very large financial institutions to go bankrupt without attracting taxpayers' money.

The Bank of England is rightly proud of its reputation as a global financial center and intends to retain this title even after leaving the EU. "We don’t want a financial center that doesn’t take risks," said Bank of England Deputy Governor Jon Cunliffe. Apparently, that is why many officials, politicians, business owners and other prosperous people from developing countries prefer English banks to the local ones.

https://instaforex.livejournal.com/1815227.html

Метки: #forex_caricature

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Wall Street: Supporters and opponents of bitcoin

Вторник, 10 Октября 2017 г. 07:02 + в цитатник

The most popular cryptocurrency of the world - bitcoin - has managed to gain both supporters and opponents during its existence.

Currently, the banking institutions of Wall Street, the global financial center, are experiencing a split. The stumbling block was cryptocurrency No.1, bitcoin. It has both supporters and opponents, between whom disputes about the advisability of this means of payment do not cease. Consider a list of those and others, and listen to their arguments.

Firstly, the largest bank Goldman Sachs is characterized by the positive attitude to bitcoin. It keeps its hand on the pulse of this cryptocurrency dynamics. Significant support for bitcoin is provided by Lloyd Blankfein, the CEO of Goldman Sachs.

The largest financial company Fidelity Investments can be called a supporter of cryptocurrencies, in particular bitcoin. The management of the corporation sees further prospects for growth of bitcoin, and one of its representatives, Abigail Johnson, the CEO-strategist of Fidelity Investments, actively supports new digital means of payment.

Another major financial corporation, Morgan Stanley, is partly in the camp of bitcoin supporters, and partly - among its opponents. The division takes place at the leading level: the general director of the bank, James Gorman, is for the cryptocurrency, and Jamie Dimon, the general director of JP Morgan.

Jamie Dimon is categorical in relation to bitcoin. He considers it a "bubble", which will disappear as it appeared on the financial market. Distrust of a businessman to cryptocurrencies is discordant with the company's attitude to this type of digital money, but he holds his opinion.

Jordan Belfort, the so-called "Wolf of Wall Street" joined the series of businessmen unfriendly to bitcoin. The leading expert and experienced strategist in the financial industry believes that bitcoin is a kind of fraud, where the security issue remains open.

https://instaforex.livejournal.com/1814919.html

Метки: #photo_news

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Wall Street: Supporters and opponents of bitcoin

Вторник, 10 Октября 2017 г. 07:02 + в цитатник

The most popular cryptocurrency of the world - bitcoin - has managed to gain both supporters and opponents during its existence.

Currently, the banking institutions of Wall Street, the global financial center, are experiencing a split. The stumbling block was cryptocurrency No.1, bitcoin. It has both supporters and opponents, between whom disputes about the advisability of this means of payment do not cease. Consider a list of those and others, and listen to their arguments.

Firstly, the largest bank Goldman Sachs is characterized by the positive attitude to bitcoin. It keeps its hand on the pulse of this cryptocurrency dynamics. Significant support for bitcoin is provided by Lloyd Blankfein, the CEO of Goldman Sachs.

The largest financial company Fidelity Investments can be called a supporter of cryptocurrencies, in particular bitcoin. The management of the corporation sees further prospects for growth of bitcoin, and one of its representatives, Abigail Johnson, the CEO-strategist of Fidelity Investments, actively supports new digital means of payment.

Another major financial corporation, Morgan Stanley, is partly in the camp of bitcoin supporters, and partly - among its opponents. The division takes place at the leading level: the general director of the bank, James Gorman, is for the cryptocurrency, and Jamie Dimon, the general director of JP Morgan.

Jamie Dimon is categorical in relation to bitcoin. He considers it a "bubble", which will disappear as it appeared on the financial market. Distrust of a businessman to cryptocurrencies is discordant with the company's attitude to this type of digital money, but he holds his opinion.

Jordan Belfort, the so-called "Wolf of Wall Street" joined the series of businessmen unfriendly to bitcoin. The leading expert and experienced strategist in the financial industry believes that bitcoin is a kind of fraud, where the security issue remains open.

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Countries with the cryptocurrency taxation

Понедельник, 09 Октября 2017 г. 05:01 + в цитатник

The active use of cryptocurrencies in global markets forces the authorities of many countries to change their attitude towards them, and also consider them as a source of tax collections.

The widespread distribution of cryptocurrency, sweeping the world, forced the governments of several countries to look at digital money from a different angle. Neither bitcoin, nor other cryptocurrencies yet have the status of the official means of payment, but the authorities are taking the first steps in this direction. One such measure is the introduction of taxation. We propose to find out in which countries the tax regulations for digital money operate.

The USA

The state considers the cryptoжcurrency as a capital asset in the hands of the taxpayer, drawing a parallel with shares, bonds and other investment instruments. The Internal Revenue Service (IRS) considers bitcoins as property, not currency. Any transactions with bitcoins are taxed. Owners of cryptocurrencies should inform the IRS about all their transactions.

EU countries

Two years ago, the European Court of Justice, the highest judicial instance of the EU, decided to exempt operations conducted with bitcoins from value-added tax (VAT). The decision was made on the basis of the regulation governing circulation of currencies, banknotes and coins in the European Union. The European Court ruled that bitcoin is a currency, and although VAT is not levied on the purchase and sale of tokens, other transactions may be taxed.

The UK

In the Foggy Albion, bitcoin is considered a foreign currency. To regulate cryptocurrency, the tax rules applied to foreign currency are used. However, transactions with bitcoins, which are considered speculative, are not taxed.

Germany

For four years, bitcoin is considered in Germany a kind of private money. Cryptocurrencies are taxed at a rate of 25%. The tax is taken only in the event that the profit is received within one year from the moment of using bitcoins. If the sale of the cryptocurrency has taken place more than a year after their acquisition, then this tax will not be levied.

Japan

In the Land of the Rising Sun, bitcoin received the status of an official means of payment. Since July 2017, the sale of cryptocurrency is not subject to a consumption tax, but money from operations with bitcoins is equated to income from doing business. These incomes, according to national legislation, are subject to taxes on profits and capital gains.

Australia

On the Green Continent, operations with cryptocurrencies are considered barter agreements. When calculating taxes, bitcoin is regarded as an asset and source of income. The receiving of bitcoins and their exchange are considered exchange trades and taxed.

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Countries with the cryptocurrency taxation