Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

post-img

Read More

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of…

Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures

post-img

Read More

Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. Kenyan authorities have sounded tough on virtual currency, warning banks and individuals against trading such,…

Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them

post-img

Read More

Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For…

‘Cryptocurrencies and Precious Metals Can Co-Exist,’ Explains Ron Paul

‘Cryptocurrencies and Precious Metals Can Co-Exist,’ Explains Ron Paul

Read More

Just recently the notorious libertarian and Austrian economist, Ron Paul, released a paper that discusses the world’s issues with central economic planning. In the report, Paul goes into vast detail on how precious metals and cryptocurrencies can co-exist in order to prevent current market monopolies from “rigging the economy.” Also Read: US Authorities Seize Over…