Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

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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…

Iceland Prepares for a Post-Bitcoin Future

Iceland Prepares for a Post-Bitcoin Future

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In February 2018, poet and former Icelandic presidential candidate, Andri Snær Magnason, took to Twitter to decry the immense energy consumption of Bitcoin miners. At the time, Vice reported the country was in danger of an energy shortage because of the expansive work of crypto miners. Magnason’s comments echoed the sentiments of others in Iceland, describing…