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BBCNEWS World Business Report June 4, 2024 11:40:00

Trading in crypto currencies. In 2022 the government had imposed heavy taxes on Crypto Trading profits. Users had moved away from local Trading Platforms to offshore exchanges like Binance And Kraken as domestic platforms had stricter know your customer rules. It is estimated that almost 4 Billion worth of crypto assets are being traded on offshore exchanges and with the recent Government Crackdown some of these volumes are not coming back to domestic operators but it is a section that the government wants to scrutinise. The world . Five richest men have more than doubled their fortunes over the last five years. Oxfams analysis found that the 5 Billion ....

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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 10:47:00

Momentum. Of course, the inflation was quite significant. Its still sticky, meaning the market may need to cut back the expectations for the Rate Cuts going into the remainder of this year. How much, the proof of the pudding will be in the et on that one. Well see how it goes. A slew of big banks are set to kick off first quarter earnings this week. What should we look out for . Jpmorgan chase put out their numbers on friday. They really pointed to the health of the consumer thats one thats perhaps moderating someone, not spending as much as they used to, perhaps savings coming down. You had the Silicon Valley Bank saga last year. Lets not forget about that. Jpmorgan had to pay almost 3 Billion in regard to that. That came through in the numbers. Overall it looks like the health of that company is doing fairly ....

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BBCNEWS Asia Business Report June 4, 2024 02:38:00

Government sent out Show Cause notices to nine such Offshore Firms asking them to talk about their registration and compliances and since last week first their websites were blocked and then they were removed from the Apple Store and now the Google Place Store has also remove these apps. Bloomberg quoted Industry Experts saying nearly 4 Billion worth of Crypto Currency assets have been traded on offshore platforms and that could be a bunch of money that is evading taxes on indian Soiland Money that is evading taxes on indian soil and that is the reason ....

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Advancing financial inclusion and economic opportunity through technology

The advancement of modern technology has enabled seamless access to financial services for customers in developed economies. However, limited infrastructure and services hinder similar access for those in developing markets. In Southeast Asia, it is estimated that around 225 million people lack access to a financial account while more than 350 million people do not have access to formal credit. As a result, many financial services that are often taken for granted, for example, the receiv. ....

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