Micro News

According to Bloomberg on Monday, January 29th, Singapore has overtaken China and became Asia's largest investor in US commercial real estate. Singapore was the third largest investor in the commercial real estate in the US after Canada and France. In 2017, Singapore companies increased the amount of…


The tighter control by Chinese authorities can remove HENI (the High net worth Individuals) away from Hong Kong. As to Bloomberg, Singapore is slowly becoming the preferred overseas investment location for the High net worth Individuals of China, over its close regional rival Hong Kong which enforces…


The United Nations is calling for an end to tax evasion through the use of offshore schemes, especially as the UK allegedly continues to protect its territories (former colonies, infamous offshore centres) therefore preventing financial transparency. The US also refused to participate in international…


The Swiss Financial Market Supervisory Authority (FINMA) has announced sanctions against Gazprombank (Switzerland) Ltd based on the results of the investigation based on the Panamanian dossier. The Swiss state regulator FINMA have recently discovered serious shortcomings in the processes to counteract…


In the United Kingdom and the United States, it is now forbidden to use credit cards for the purcahse of bitcoin and other cryptocurrencies. This measure was taken as a result of fearing a drastic plunge in their value will not allow customers to repay their debts acccordingly. The largest banks in…


India to Tax Profits from Bitcoin Trading

Recently in India, tens of thousands of cryptocurrency investors have received notifications from tax authorities demanding payment of tax or similar levy on profits originating from bitcoin trade. According to recent reports, the Tax Department of India has collected information from nine national…


According to sources, Gibralatar is set to launch the world’s very first regulations for initial coin offerings with specific rules for the cryptocurrency sector. This is due to the rapid growth of cryptocurrency raising concern amongst many central bankers. Bankers are concered about financial stability…


Line, Japan’s largest instant messaging app, has stated that it was initiating a financial services version in order to allow users to trade and exchange virtual currencies. Line has stated that this new venture would allow for various financial services such as exchange and transact digital currencies,…


There is a legal storm around an alleged monumental money laundering case involving numerous jurisdictions which is also related to the acquisition of an Indonesian bank four years ago and is expected to consume Cyprus. The respective lawsuit details the acquisition of Indonesia’s Bank Mutiara by Tokyo-based…



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