Beware Trumponomics, Warns Financial Advisory Giant
Donald Trump is wrapping up misguided policies that will potentially threaten the U. S. and global economy with sensible supply side reforms, warns the boss of one of the world's largest independent financial advisory organizations. The comments from Nigel Green, founder and chief executive of deVere Group, come as the outspoken billionaire frontrunner prepares for the latest Republican presidential candidate this evening. Mr Green observes: Trump is a Big Picture guy - and he has the soaring rhetoric to go with it. But the details of his economic plans appear sketchy. The nuts and bolts....
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those who materially assist, sponsor, or provide financial, material, or technological support for these activities.” In the document, the OFAC argues that acceding to ransomware demands–which are normally settled using cryptocurrencies–not only emboldens cybercriminals but also....
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.” Visa’s Global Crypto Advisory Services Payments giant Visa announced Wednesday the launch of its “global crypto advisory services,” an offering within Visa Consulting & Analytics (VCA). “This comes at a moment when digital currencies are taking greater hold....
Remember just a few days ago when we filed a post noting that Missouri officials had issued an advisory on the topic of bitcoin and cryptocurrencies? I closed that post by saying that "...there's likely more [of these warnings] to come", and that is exactly what has happened. The next state to throw up their warning flags is Nevada. In conjunction with a group of national state organizations (specifically, the Conference of State Bank Supervisors and the North American Securities Administrators Association), the Nevada Financial Institutions Division has reportedly begun warning citizens....
In a press statement released on the 10th of March, Mexico's Central Bank, aptly named the Bank of Mexico, has issued an advisory related to bitcoin, as pointed out by our friends at CoinDesk. Translated copies reveal much of the same warnings the bitcoin community is accustomed to at this point. The advisory begins with a very brief primer on the digital currency, and works its way to note that "The current legal requirements do not recognize them as an official medium of exchange nor as a store of value or any other form of investment." The Bank of Mexico, or Banco De México, warns....
Mercator Advisory Group has published a research note on global bitcoin regulation, making it the latest established name in the financial industry to release a report on bitcoin. The note, titled 'Global Digital Currency Regulations: Divergent Paths', examined trends in digital currency regulation and concluded that industry development is currently hampered by a lack of regulatory consistency. "The global payments industry has been taken aback by the rise of the new payment technology represented by bitcoin and other digital currencies, which at its core has the potential to radically....