Crypto trading in India - tradesanta.com

Indian crypto exchanges now looking for clarity on Taxes on crypto trading from India govt.

Indian crypto exchanges now looking for clarity on Taxes on crypto trading from India govt. submitted by eventica to CryptoNews [link] [comments]

Indian crypto exchanges now looking for clarity on Taxes on crypto trading from India govt.

Indian crypto exchanges now looking for clarity on Taxes on crypto trading from India govt. submitted by eventica to Crypto_Currency_News [link] [comments]

India Might Impose Goods and Services Tax on Crypto Trading

India might impose a Goods and Services Tax (GST) on cryptocurrency trading, Bloomberg reports, citing people familiar with the matter. Even though no legal status has been established in relation to cryptocurrencies, the government is seriously thinking about an 18% GST, the anonymous sources revealed. India’s Central Board of Indirect Taxes and Customs will present the proposal to the GST Council once the draft is completed.
Digital currencies like Bitcoin and Ethereum might be classified as intangible goods, suggesting that they’ll have a status similar to software products. The sources said that other laws would be considered in the case when cryptocurrencies are used in illegal activities.
India hasn’t explicitly forbidden cryptocurrencies, but the Reserve Bank of India banned local banks from dealing with crypto-oriented companies, thus continuing the government’s negative stance on the phenomenon. In response, several crypto-oriented companies have joined together to file motions with the Delhi High Court.
If the tax proposal is indeed implemented, it might suggest that cryptocurrencies will enter the legal area.
The current proposal of GST on crypto trading reads the following conditions:
The trade of digital currencies should be viewed as the supply of goods, and the entities providing transactions such as supply, transfer, accounting, and storage should be considered as services. The value of a digital currency might be based on the transaction rate in fiat currencies starting with rupees. If the parties involved in a cryptocurrency trade are located in India, the transaction should be considered as a supply of software while the buyer’s location should be treated as the place of supply. If one of the parties is outside Indian territory, the transactions will become liable for integrated GST (IGST) and will be viewed as the import or export of goods. Bitcoin mining will be considered a supply of service as it generates new digital currency units and involves rewards and fees, the sources said. If the value of the mining reward surpassed Rs 20 lakh, retail miners would have to register under GST, the proposal suggests.
Besides miners, cryptocurrency wallets, wallet providers, and cryptocurrency exchanges will also have to register under GST and pay taxes on commissions. If Indians choose to use foreign crypto exchanges, the transactions will be treated as imports of services, and they’ll have to pay IGST.

cryptonews #alphamarket #amc

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India Might Impose Goods and Services Tax on Crypto Trading #cryptocurrency #blockchain #bitcoin… https://t.co/JJRPaFk7FQ - Crypto Insider Info - Whales's

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S&P 1700 within 6 Months


This is a new post after some interest in a comment why I believed the S&P is going to 1700.
Update 3: I am going to limit my answers in the comments guys; as the post becomes more popular it is becoming more diluted with snark etc. I don't expect anyone to follow my opinions; I just want to share one aspect of why I am making the trades I am. I maybe wrong. Random walk and all that..
Original Disclaimer: This is based on historical precedence and we are in unprecedented times but, with history as our guide a strong argument can be made for the S&P to decline to a level that is currently inconceivable. I have disclosed all my positions near the bottom.
Update 1: Slightly long; happy to be challenged in the comments, it is late in the UK (2am) so may tidy it up and add more references and charts tomorrow. Update 2: Have expanded the post to answer as many comments and requests for references wherever possible and tagged in the requestors.

Intro: Are we in a recession?

If you believe so, or that we are heading into a recession then there are four things needed to support a genuine rally out of a recession

We are missing 2 out of those 4 criteria; the overwhelming monetary and fiscal policy (world-records) are compensating for lack of positive indicators and volatile and bullish pricing.

What do you mean by pricing?

It can be argued that the current price of stocks is not discounting for the acute and likely chronic harm to consumer sentiment and spending power. For example; the UK clothing retailer Next Group closed their bricks and mortar stores (share price increased 4%) then they cancelled all online shopping (share price increased 3%) and finally they cancelled all orders with their supply chain (shares leapt 12.8% during the rally.) There is the massive amount of second, third and fourth order effects that this one company does to the UK economy (and Turkish factories). Suppliers, shipping, design, marketing etc all cancelled and the staff furloughed.
This is one example but the indexes are currently full of similar examples and some analysts are ringing the alarm bells.

Lazard Asset Management are concerned that the pandemic “will persist longer than many investors suspect and that the economic damage will be deeper and potentially longer-lasting”.
Reddit is quick to mention that stonks only go up but there is some truth to that sentiment at present since any negative factors are dismissed as being priced in and all positive factors are heralded as a cause for stocks to rally. If priced in was accurate then we would not see record-beating market rallies back to back. 10% volatility swings over 48 hours is the very definition of not priced in.
There is evidence to suggest that, well, the bullish sentiment is wrong and mainly because it is retail investors being taken for a ride whilst funds re-balance and offload.
Retail traders "buying the dips" is normally a contrarian signal, meaning that it's time to sell. This section is for u/lntoIerant in response to a comment.

Edit to answer some comments about this portion thus far.

Do retail investors move the market?
Are retail investors buying in greater volumes?
Are retail investors dumb money?

What does this have to do with the S&P dividend and the EPS?


Major indexes are comprised of stocks that pay handsome dividends; normally 2% yield a year. The companies have reached their limit of growth (HSBC haven't discovered 5 million new customers and Shell are not finding new fossil fuels) so investors hold the stock for income-seeking reasons.
The FTSE 100 was priced in to generate £89 billion in dividends for 2019 and £90 billion+ in 2020. That has largely collapsed.
The only companies that pay dividends are those taking on debt to do so like Shell. And they have; a 10Bn credit line to maintain dividends. The Bank of Englandhad to slap 5 UK banks from issuing dividends at this time. That means that their primary valuations as income-generating stocks are questionable...
...especially since the dividends are not expected to return to the 2020 levels for another 10 years now. Edit to add: This portion is taken from the market report by BNY Mellon. You can see the chart here. The analyst is John Velis of BNY. Thanks to u/flash_aaaah_ahhhhh for prompting me.

“By 2021, the market expects dividends per share for the S&P 500 to be down to under $38 per share (a staggering 41 per cent drop from recent highs of approximately $63 per share) and then to start slowly rising again. Going out 10 years to 2030, the expectation is that dividends will just about recover to pre-Covid-19 levels.”

Main body: Onto the S&P

In 2021 the market expects the dividends per share for the S&P to be reduced to $38 per share. That is priced in and common knowledge.
That is a 41% drop from the recent highs of $63 a share and seems alarming for income seeking investors since we are not expected to recover to those prices for 8-10 years. Source.
But DataTrek have noted that we are still currently trading at 21X the trailing 10 year earnings of $122 a share.
Dividends per share normally don't fall as far as earnings per share. But they are inverted at present.
For the S&P to be trading at 2,650 level (or even higher) it means the market does not believe the pandemic or recession will have any long-term damage. That puts us squarely at odds with items 3 and 4 in our list of factors needed to exit a bear market.

Talk to me about 2008!

Thanks to u/mister_woody for asking for more data.

In other recessions, including 2008, the dividend price per share drops approximately 12-15% but the earnings per share drop by considerably more; as much as 85%.
That means that in 2008 financial crisis and subsequent bear market; the dividends per share dropped by a lower percentage amount than the total index value drop.
You can see that in this chart here.

Right now, we have the reverse. Dividend share drop in this market is 41% (which is chilling) and market drop was approximately only 30% and rallying heavily back to the mid-20's only. That makes no financial sense unless the assets were being propped up by buyers...

If the S&P follows the same playbook at 2008-9, then we would expect to see levels of around 1400 at the bottom but that seems extremely bearish expecting that this crisis is worse than 2008.
If previous indications hold true, then we would expect the S&P to drop by approximately 50-60%ish at the true bottom to reflect the 41% decrease in expected shares plus additional discounts and negative market sentiment.
In reality, we are probably likely to pull back to between 13X and 15X trailing average which puts the S&P between 1600 (low side) and 1800 (high side).

You are putting a lot of faith in a re-run of the 2008 crisis

I am. No doubt about it. After October 2008, stocks fell for another four months, piling up 40% of losses before the recently ended bull market began in March 2009.

New market indicators

Since I wrote this post, the DJIA was up over 4% and closed down on the day.
Thank you to theTwitter feed of Jim Bianco for this: Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time ... Oct 14, 2008 (Tsy Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times...Oct 3, 08, Oct 14, 08, and Oct 17, 08.
This mkt continues to trade like Oct 08. It was six months and another 25% down before the low.
Bezinga are also playing up the 2008 similarities.

Why is bullish sentiment so wrong?

The negative reports are so wildly negative that the almost defy belief. We are dealing with insane numbers way beyond our traditional frame of reasoning. This is topped only by the insanity of the scale of quantitative easing. Less than a year ago, a small movement in the non-farm payrolls would lead to a 2-3% move in the markets; now we are hitting 700K jobs lost, a truly ugly number and the market rallies hugely. Future economic students will study this to try and understand what was happening.
In the space of weeks the majority of the Western economies have swung to being effectively state-sponsored, centralised economies and no one really knows how to unwind these positions.
It is impossible to reconcile being a bull with a centralised state economy and blue-chip stocks that refuse to pay dividends but the share price remains at the same levels as when they paid a 2% yield.
The UK forecast is for the deepest contraction since 1900. Business surveys have shown activity crashing faster in March than during the financial crisis. The Office for National Statistics has published experimental research on the impact of Covid-19 on the economy.

With entire swaths of the economy having shut down “traditional forecasting methods become irrelevant”, warned Chiara Zangarelli, economist at investment bank Nomura.
Michelle Girard, economist at NatWest, said that while there was huge uncertainty about the precise magnitude of the contraction in gross domestic product in the second quarter, “there is little doubt that it will be off the scale”
That is not a bullish sentiment. It means markets are acting irrationally since fundamentals are being dismissed as priced-in. In reality; nothing is priced in.

Disclosure


Spreads
Equities
Currency

Edit to add: So, your entire thesis is totally destroyed if companies keep paying dividends?

Yes.
In a nutshell.
But something else will be destroyed; the western taxpayer and future growth.

CEO said 'every pound we receive [in rates relief] will be invested in ensuring Tesco is able to support British shoppers...' That is tax payers paying a subsidy to a free-market company for the ability to shop...and also...
Mr Lewis said that the needs of savers and pension funds also needed to be considered in the debate around dividends. “We’ve thought long and hard about our responsibilities here . . . we are in a strong position to pay out for the benefit of those people

Edit to add: What about the FED and stimulus


u/tauriel81 and u/aliveintucson325 and u/100PERCENTYOLO_VEQT
OK - to truly test my own assumptions; here is my argument AGAINST my position.
The Fed have not quite printed money as Reddit loves to meme. They have issued liquidity and central banks worldwide have allowed banks to relax their requirement to hold reserves of cash. That injects money into the business world by allowing lending and borrowing to continue. It also reduces theoretical risk since the models are back within tolerance.
When the time comes they will remove the credits gradually without causing hyperinflation. They do this by paying banks not to lend back into the system by holding a % of their assets at the Federal Reserve. So they pay the banks but the banks keep the deposit at the Fed and don't pass on the liquidity to potential borrowers..gradually and sustainably.
https://www.aier.org/article/powells-new-monetary-regime/
That means the borrower of the future (home purchasers, entreprenuers etc) will have very few credit facilities available so RIP to the long-term economic growth.
We also have unprecedented government support for citizens. The largest social security welfare plan since WW2, especially in Europe.
If you believe that the Western economies can weather this storm using the bridging devices by central banks then it pays to dollar cost average into the market and keep buying the dips as a retail investor.
Lots of buoyant news from European nations and China about the slowing pandemic is overwhelming the negative leading and lagging economic indicators about economic data.
If you believe the economy can return to normal within 36 months, then it pay to be bullish and invest.
If you are day-trading, swing-trading or short-term options trading then the overwhelming market moves are likely to crush people as the system flexes under lots of volatility. You are also likely prioritising the negative news and technical analysis in your filter bubble and de-prioritising the positive news particularly when that news is fiscal or monetary policy since those things are dry, boring and incomprehensible half the time.
So you miss Fed backstops critical bankingi and instead hear UK Prime Minister in intensive care.
If you want to know what is going on...

Decide where you making a prediction. Plan your trade, trade your plan.
How do the FED take money back out of the economy?
They FED purchase the security initially to then sell it back to the asset-holder later. So the balance of credit-deficit merely swaps but by paying a small premium on the excesses that they hold, they can cushion the inflation or deflation of the currency.
So, they effectively give the bank liquidity and then remove that liquidity later by passing the asset back...but also provide a small premium to cushion the blow; 50% of the premium is then held on Federal Reserve books so that the market is not flooded with new money.
The FED previously reduced their balance sheet from $4.4 trillion to $3.7 trillion but it remains to be seen if they can unwind a position of this size.

TL:DR



submitted by DongusMcLongus to StockMarket [link] [comments]

"slightly" more objective views about China

after reading this article by a malaysian I want to put this out here to hopefully encourage some understanding and discussion

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By Zeis Siez
I’m from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.
When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.
Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victory was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.
After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government:
  1. To open the borders of China to allow goods coming in and out freely, and tax free.
  2. Make opium legal in China.
Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.
In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.
In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.
Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from feminine and power struggles.
Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.
In just 30 years, the CCP have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.
For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instill fear and hatred towards China.
Everything China does is negatively reported.
They claimed China used slave labors in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.
They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.
They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:
  1. Re-educate the Uighur extremists before they turned terrorists.
  2. Let them be, after they launch attacks and killed innocent people, bomb their homes.
China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.
During the pandemic,
When China took extreme measures to lockdown the people, they were accused of being inhuman.
When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers.
When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated.
Western Media always have reasons to bash China.
Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CCP is evil. What they really want is the Chinese to change the government, because the current one is too good.
Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.
They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?
When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.
The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.
China’s achievement has been by hard work. Not by raiding other countries.
I have deep sympathy for China for all the suffering, but now I feel happy for them. China is not rising, they are going back to where they belong. Good luck China.
End.

personal opinions:
bravo for people who actually finished reading this long ass article. I don't agree with everything said in this article but most of the article checks out. The shit going on in Xinjiang is not okay, it doesn't make sense to punish a whole ethnic group because of a group of radicals stabbed a bunch of people. the belt and road initiative is definitely aiming for expansion but at least CCP didn't bomb any other country. I feel for hong kong people as their living condition is usually horrific, but I can't read one more comment about potential "massacre" in Hong Kong. The shit has been going on for like over a year and there is no one got killed by Hong Kong police, at least CNN,MSNBC didn't report any. There is this one dumb kid who tried to grab the pistol from a single officer who was being cornered and beaten by a mob, the kid got one belly shot and survived to pass down the dumb gene. I spent most my adulthood in Boston and if you pull that shit on American cops you dead. I don't know I am probably just a dumbass but I swear to god some people won't even do the research.
submitted by XDMblahblah to China [link] [comments]

Banca internacional #07 CH – Investment banking, arbitrage, crypto y hedging diario

Este contenido fue publicado originalmente el 21/10/2019 - Aca
Posts anteriores de la serie

Background
Este es el primer post en el que me han ayudado tres usuarios residentes en la República Argentina. Los conejillos de Indias de la Banca Internacional que dieron un paso al frente mediante una pesquisa vía discord de mi parte.
Bajo un acuerdo unánime y siguiendo el modus operandi de Banca Internacional, se los mantendrá en el anonimato. Los detalles sobre las transacciones, tarjetas y bancos de Argentina han sido posible gracias a ellos, inclusive del tacaño.

Introducción
Durante los dos últimos meses han cambiado montones de cosas en la República Argentina. De los eventos que son de mi interés, se han impuesto controles de capitales conocidos localmente como el “cepo cambiario” y mediante estos posts algunos usuarios han expresado interés en servicios, divisas o inversiones las cuales no están disponibles en Argentina.
Más allá de los cambios a nivel económico, se han generado oportunidades de inversión local vía arbitrage. En principio de Bonos como el AY24 hasta que el Banco Central de la Republica Argentina actuó para mitigar el fácil acceso al yield que esta operatoria generaba. Luego, bajo una operatoria similar un gran grupo de usuarios se volcó a realizar arbitrage de crypto-assets. En general topándose con problemas de libre movimiento de capital desde y hacia los exchanges o viéndose forzados a pagar comisiones medianamente altas las que disminuían el yield de la operatoria. Este post, ofrece una solución efectiva a este problema de manera (esperemos) permanente.
Otros usuarios han demostrado interés en poder resguardarse de una futura crisis en el Dólar Americano, vía depósitos en Francos Suizos, Yuan Renmimbi, Singapore Dollar, Euros, Libras Esterlinas y metales preciosos como el Oro y la Plata. Para estos usuarios este post también es relevante.

Suiza
Suiza, oficialmente La Confederación Suiza, país que se encuentra en el centro de Europa. Si bien su capital oficial es Berna, esta y Geneva son capitales (y centros) financieros globales. Zug y sus alrededores, se han (están en proceso con algunos setbacks) convertido en centros de desarrollo de crypto-assests, blockchain y fintech.
No es parte de la EU, European Union, tampoco del EEA, European Economic Area o de la Eurozona. Pero participa del tratado Shengen (en parte) y del EU Single Market. Si bien la divisa nacional, tanto como la de Liechtenstein es el Franco Suizo (CHF), el cual posee un protocolo de pagos y transferencias propias también es parte del área SEPA. El CHF es también usado en otras zonas de Europa de facto o simplemente no oficial como Campione d’Italia.
Campione, un poco off-topic, es un enclave Italiano dentro del territorio suizo en la costa del lago de Lugano. Utilizan el Franco Suizo ya que la mayoría de sus residentes eligen utilizar bancos Suizos. Campione, es un tax haven y los residentes fiscales tienen beneficios interesantes como poder hacer trade de bonos vía entidades Suizas libre de impuestos.
Centro financiero mundial, las ideas asociadas con Suiza siempre son las mismas. Secrecía bancaria, lavado de activos, “cuentas numeradas” y similares fantasías perpetradas por Hollywood.
Es verdad que en Suiza la evasión impositiva no es considerada un delito. CRS, Common reporting Standard, es una realidad inevitable. -Argentina es miembro-
Las cuentas numeradas son una idea de los 60’s de las películas de James Bond. Y el lavado de activos, si Uds. Siguen estos posts saben que sucede a nivel global y es un mal que afecta a todos los centros financieros.
Como en otras jurisdicciones a nivel global existen diferentes tipos de banca. Private Retail (No confundir con Privada), Privada, Transaccional, de negocios, Corporativa y de Inversión.
Dentro de la banca de inversión existen brokers de prácticamente todos los instrumentos y commodities a nivel mundial.
Los brokers de FX Suizos tienen una peculiaridad, siendo que bajo regulación del FINMA como requerimiento para brokering FX se les exige una licencia bancaria.
Consecuentemente los brokers de FX son a su vez Bancos que pueden funcionar como bancos retail.

CRS: Si.

Taxacion:
No residentes
Dividendos: De 0 a 35%
Intereses: De 0 a 35%
Regalias: 0%

Controles de capitales: No.

Dukascopy Bank S.A. uno de los gigantes suizos en lo que respecta a banca de inversión. FX, CFDs, Commodities y Cryptocurrencies. Las cuentas disponibles varían medianamente entre jurisdicciones pero en general existen por separado y en conjunto lo que genera una gran confusión al momento de intentar decidir a qué servicio o paquete aplicar.
Operan en diferentes jurisdicciones bajo diferentes entidades y subsidiarias. Suiza, Latvia, Japón, Rusia, Ucrania y Hong Kong.
Al que le interese hacer trading de FX, Dukascopy ofrece soporte para MetaTrader 4, JForex, JForex Web y aplicaciones móviles.

Las cuentas disponibles son
Y mixes de las anteriores. En general hay una sobreposicion de servicios entre los ofrecimientos y es lo que genera más confusión. Diferentes jurisdicciones tienen productos iguales o similares pero bajo diferentes costos.
Por una cuestión de simplicidad el post está centrado en Dukascopy Bank S.A. Suiza y no solo en esa entidad, sino en particular en el producto de nombre Mobile Current Account.

Regulación:

Dukascopy Bank – Suiza
https://www.dukascopy.bank
Licencia: Bancaria (Licenciado y supervisado por FINMA)
Cuentas: Personal/Business.
Deposito Mínimo: No requiere.
Costo de mantenimiento: No.
Tarjeta: Si, Visa física y virtual disponibles.
No-residentes: Si, total soporte.
Detalles: La Mobile Current Account ofrece acceso a depósitos en 23 divisas. Todos los IBANs son suizos, con lo que se puede recibir EUR y CHF vía Transferwise. Tiene soporte para enviar y recibir depósitos vía SEPA y SWIFT para todas las divisas. Pueden efectivamente hacer una transferencia desde su banco directo a Dukascopy.
Suiza, por no ser Unión Europea permite la emisión de tarjetas de débito a no residentes en la confederación o la Unión Europea. Cosa que muchos bancos o EMIs con apertura de cuenta online no ofrecen. La tarjeta tiene costo.

Cargos relevantes (Para transacciones en EUR, para operaciones en otras divisas consultar el link)
https://www.dukascopy.bank/swiss/fees-limits/
Transferencias entre cuentas internas: Gratis
Transferencias dentro Dukascopy Group: Gratis
Depósitos a Dukascopy Card: Gratis
Retiros de Dukascopy Card: Gratis
Depósitos vía tarjetas de Crédito o Debito: 1.2% (En EUR)
Transferencias SEPA: EUR 2.30
Transferencias SWIFT: EUR 20
Aviso: Existen más cargos no relevantes al post, otras opciones de depósito y retiro vía tarjetas de otros bancos, Neteller y Skrill. Lean los detalles antes de operar.

Cargos de la tarjeta Dukascopy
Costo tarjeta Dukascopy física: CHF 18.5
Costo mensual de la tarjeta Dukascopy física: CHF 1
Costo tarjeta Dukascopy virtual: CHF 5
Costo mensual de la tarjeta Dukascopy virtual: CHF 5

Limites
Depósitos per quarter: EUR 3000
Balance: EUR 50.000
Los límites se pueden ampliar hasta el 450% enviando documentación sobre su ocupación, ingresos y residencia fiscal. Los limites se resetean los 1ro Enero, 1ro de Abril, 1ro de Julio y 1ro de Octubre.

Registro y onboarding
Dukascopy Bank (Mobile current account) con onboarding digital vía una app llamada Dukascopy 911, la cual es una especie de social network bancaria. Por registrarse vía esa app el usuario recibe 5 DKUs, un token de Dukascopy que tiene un (soft) peg al Euro. El chat de soporte y los webinars son vía esta aplicación. Una manera de generar extra DKUs es contestando preguntas y participando en la red social la cual dependiendo de la performance del usuario reparte tokens a modo de recompensa.
La cuenta bancaria en si una vez registrada, si bien se puede operar desde Dukascopy 911 es preferible operarla desde Dukascopy Bank, otra aplicación. Desde esta última, pueden abrir una cuenta en EUR y hacer el funding inicial vía tarjeta de débito o crédito.

Particularidades importantes
En los fees se discrimina entre transferencias SEPA y Wires (SWIFT, de más alto costo) sin embargo en la aplicación solo existe una opción, Wires. Si el usuario elige EUR como divisa y utiliza datos bancarios de la Unión Europea, el banco detecta esto y hace la transferencia vía el medio más económico. Hay que prestar atención de usar los datos bancarios correctos de la entidad a la que se intenta hacer el deposito cosa de evitar a toda costa utilizar datos bancarios SWIFT en lugar del preferido, más económico y eficiente SEPA.

Beneficios
El beneficio principal se preguntaran…?
Dukascopy acepta depósitos vía tarjetas de crédito y débito bajo una comisión de solo 1.2% (En Euros) y la cuenta móvil no tiene fees de mantenimiento. Se pueden hacer transferencias SEPA directo a exchanges como Binance Jersey la cual ya establecimos que tiene de los fees más bajos del mercado.
Se han probado tarjetas de Argentina Visa y Mastercard de débito y crédito. Un solo usuario tuvo problemas con tarjeta de BruBank pero pudo utilizar su tarjeta de crédito y como beneficio sumar millas (en el caso del usuario el deposito fue tomado como compra y no genero gastos de adelanto de efectivo).
El monto máximo que se ha podido autorizar con tarjetas Argentinas fue de EUR 1000 , sin embargo varios depósitos consecutivos de EUR 500 también funcionaron. Un usuario se comunico con Visa para autorizar los pagos y desde ese momento no tuvo más problemas. Lamentablemente depositos de EUR 1.7 han fallado...

EDIT: El monto maximo depositado en las pruebas fue de EUR 1000 y no de EUR 850 como se habia posteado originalmente.

Referrals
Algunos usuarios me preguntan sobre referrals de servicios que he posteado en el pasado a modo de recompensa por el tiempo que invierto a nivel personal haciendo research y escribiendo. Si bien algunos de estos servicios ofrecen recompensas, no es algo que vaya par en par con mi moral.
Desde que comencé a escribir sobre banca y servicios financieros, solo ha habido un solo referral, el de Binance Jersey. El cual visto las reglas no paga absolutamente nada, pero si me interesaba a modo de monitorear el nivel de suscripción.
Desde mi punto de vista, los referrals, viniendo de mi parte son poco éticos. Se puede dar a entender que en lugar de informar sobre el mejor servicio, se comparte uno el cual beneficia al que refiere a costas de los usuarios referidos y es posible (muy) que los usuarios no estén al tanto de esta situación.
Por este motivo desde este momento empezando desde el artículo titulado Digital assets C01 – JE | Offshore digital assets, al final del post se van a encontrar con una sección de Donations con 5 direcciones de crypto donde pueden transferir lo que les parezca adecuado.
Los cálculos de retorno efectivo haciendo arbitrage de crypto utilizando los servicios de mis posts varían desde el 12% al 17%.
Desde ya les agradezco por su generosidad y si ustedes quieren hacer referral de cualquier servicio por su cuenta me parece perfecto. Esta regla es pura y exclusivamente mía por una cuestión de neutralidad y ética.
Desde ya muchas gracias por ofrecer el apoyo que ofrecen y los comentarios constructivos.

Links de registro e información
Para la cuenta de la cual se discute en el post
Dukascopy Mobile Bank
Para trade en Suiza
Dukascopy Bank S.A.

Donations.
Token Wallet address BTC 19xvUdQoZosrzYKNaTCK834zRkg5Bogop BCH qqqmyqjspnq0fazk9wvv0elc8vxdp2rkvgfqs3s87x LTC LKNvBgwEtE3w7oEUYiSVb96qCe7xFDBvp8 ETH/DAI 0x1cbbcf2ca8849893ad7feac5ef5c735f6d91fa4e XMR 44AXEt8ZkmjgGuUrPaoNTzBGhp92L3HozSYxAip7dz8qL6A3neJBriLRSjC8Qnam4tEhfw2yXzcXsbZ2dJiWHDC7Ji8nBvx 
submitted by diyexageh to LATAM_PersonalFinance [link] [comments]

Crypto trading

Do we need to pay tax(in India) for trading crypto if the amount is under 2.5lk?
submitted by siva915 to IndianStreetBets [link] [comments]

An excerpt that I found from a forum that I frequent as a Chinese that was not born and raised in China

and I agree with it 100%. Read this and I would like to hear the thoughts of people against the actions of the party in China. I am not a wumao or whatever that is and just want a wholehearted discussion.
By a Malaysian:
I’m from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.
When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan conquered China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.
Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victoria was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.
After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government:
  1. To open the borders of China to allow goods coming in and out freely, and tax free.
  2. Make opium legal in China.
Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military raided the Summer Palace, and threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.
In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.
In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.
Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from famine and power struggles.
Then came Deng Xiao Ping and his famous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.
In just 30 years, the CCP have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.
For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instil fear and hatred towards China. Everything China does is negatively reported.
They claimed China used slave labor in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.
They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.
They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:
  1. Re-educate the Uighur extremists before they turned terrorists.
  2. Let them be, after they launch attacks and killed innocent people, bomb their homes.
China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.
During the pandemic,
When China took extreme measures to lockdown the people, they were accused of being inhuman.
When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers.
When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated.
Western Media always have reasons to bash China.
Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CCP is evil. What they really want is the Chinese to change the government, because the current one is too good.
Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.
They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?
When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.
The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.
China’s achievement has been by hard work. Not buy looting the world.
I have deep sympathy for China for all the suffering, but now I feel happy for them. China is not rising, they are going back to where they belong. Good luck China.
submitted by chenigmatressurion to DeepThoughts [link] [comments]

Views about China

I'm from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.
When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.
Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victory was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.
After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government: 1. To open the borders of China to allow goods coming in and out freely, and tax free. 2. Make opium legal in China. Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.
In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.
In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.
Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from feminine and power struggles.
Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.
In just 30 years, the CCP have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.
For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instill fear and hatred towards China. Everything China does is negatively reported.
They claimed China used slave labors in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.
They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.
They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US. When terrorist attacks happened in Xinjiang, China had two choices: 1. Re-educate the Uighur extremists before they turned terrorists. 2. Let them be, after they launch attacks and killed innocent people, bomb their homes. China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.
During the pandemic, When China took extreme measures to lockdown the people, they were accused of being inhuman. When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers. When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated. Western Media always have reasons to bash China.
Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CCP is evil. What they really want is the Chinese to change the government, because the current one is too good.
Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.
They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?
When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.
The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.
China’s achievement has been by hard work. Not by raiding other countries.
I have deep sympathy for China for all the suffering, but now I feel happy for them. China is not rising, they are going back to where they belong. Good luck China.
submitted by SherrySicily to u/SherrySicily [link] [comments]

Views about China

I'm from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.
When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.
Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victory was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.
After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government: 1. To open the borders of China to allow goods coming in and out freely, and tax free. 2. Make opium legal in China. Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.
In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.
In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.
Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from feminine and power struggles.
Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.
In just 30 years, the CCP have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.
For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instill fear and hatred towards China. Everything China does is negatively reported.
They claimed China used slave labors in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.
They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.
They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US. When terrorist attacks happened in Xinjiang, China had two choices: 1. Re-educate the Uighur extremists before they turned terrorists. 2. Let them be, after they launch attacks and killed innocent people, bomb their homes. China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.
During the pandemic, When China took extreme measures to lockdown the people, they were accused of being inhuman. When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers. When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated. Western Media always have reasons to bash China.
Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CCP is evil. What they really want is the Chinese to change the government, because the current one is too good.
Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.
They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?
When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.
The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.
China’s achievement has been by hard work. Not by raiding other countries.
I have deep sympathy for China for all the suffering, but now I feel happy for them. China is not rising, they are going back to where they belong. Good luck China.
submitted by SherrySicily to u/SherrySicily [link] [comments]

Sorry for being real!

This is a creative writing piece! Please don’t take anything I wrote as truth, please do your own research! For entertainment purposes only! Ok! Really bored and feel like a rant! So I’m not sure if you follow what is going on outside of your little box or not? But here is a update on what the fuck is going on (Aussie Man Review Style)! So let’s start with the fact that the US is fucking broke! Like 24 trillion in debt! And the only way they are going to get rid of it, is by killing all the people they owe. Just like John Wick, Right! so most countries in the world use the US dollar to trade oil and commodities, and it’s used as the worlds reserves currency (petrodollar). Anyways due to the US dollar being backed by nothing, like fuck all (maybe it’s the couple thousand nukes it has)! A lot of countries that are currently being sanctioned by these bullies have decided to drop the dollar and do bilateral trade in their own currencies and create cbdc’s! That’s why Gaddafi was killed, he was trying to create a Africa gold standard currency. I would call a leader that provided tax free income, free health care, schooling, power etc a dictator would you. Anyways, Think of it like this, the bully keeps beating you up, won’t let you play the game and keeps stealing your lunch money and cuts you out of the lunch line, so instead of letting them get away with it, you build a new system, so they can’t. another example the setup of BRICS and their new system to bypass SWIFT (international payment system for US dollars). If you haven’t heard of it, look it up! So the US dollar is about to dive! Smart countries and people have been buying Gold to be prepared for the coming collapse and looming devalue of the dollar, or the inflation, good idea to diversify your RSP’s or super buy a little gold or crypto and have some wealth preservation (my crypto has outperformed all my other investments by far). So moving forward, The Trump administration is trying to destabilize the world, and has no regard for international law. Not so recently in news, Trump was at an NRA conference ripping up an UN small arms treaty with him saying quote “America Citizens live by America laws, not the laws of foreign countries” so the rest of the world must bow to US sanctions! So Canada detained the daughter of Huawei founder, because of US sanction laws regarding Iran and she is still in Canada out on bail a year later!! More news today, Iran has sent its fleet of battle ships, aircraft carrier, nuke bomber planes to the Gulf of Mexico, in hopes to stabilize the area and bring democracy and freedom to the citizens for America. Iran has setup military bases along the Canada and Mexico border, justified by The US aggression and provocation behaviour in the area, and if the US try’s to attack Iran or any of its interests, The US will be sorry. Oh sorry, it’s the other way around, The US is in the Persian Gulf and the South China Sea, The US’s disputed waters and territory! It’s not called South West United States Sea! I would like to see China and Russia cruise around to the Gulf of Mexico, It’s freedom of navigation “BITCH”. Think of the absolute power these individuals think they have! You have the leader of Israel, Benjamin Netanyahu announce the other day that he is going to name a new development in Golan Heights after Trump, think of this for a second! Isn’t that’s part of Syria? So who the fuck gave them that right? No one! I think if a terrorist organization came into my country or home town and bombed the fuck out of it and then named it after their leader that looks like a Oompa Loompa, I most likely wouldn’t go back either. There’s an immigrant crisis across Europe, millions left homeless, the humanitarian crisis in Yemen is out of control! All over the world people are being fucked! All because of the actions of the most organized crime Cartel on the Planet (The Pentagon)! And, don’t we have the UN to deal with groups like this! Oh yeah! I forgot the US only lives by its own laws! Poor Venezuela, Think of this, I go back to Australia and create a new National Assembly, Not recognized by the Australia people, not voted in, and turn around and say “I’m now the new leader of Australia”, and I get my shit fuckery business buddies to give me all the money out of the Government accounts, meanwhile most folks are “like fuck that’s going to happen”. The Venezuelans have been crippled by US sanctions for the last decade! They make it out that it is being lead by a dictator! Such a bad man, he won’t let US Aid in, yeah sounds pretty shitty right, United States Agency for International Development, all you ignorant fucks out there only hear US aid, read between the lines. Isn’t every fucking country the US doesn’t like ran by fucking corrupt governments and dictator! What’s happening there is, The US is going to need it’s fuel from somewhere once the WAR in the Middle East and Asia starts. In the last year the Trump administration has pulled out of FUCKING huge global agreements, Like the JCPA with Iran and the EU, INF treaty with Russia, Understand that it was the Trump administration that started all these pull outs, saying the other countries were the problem, with all their actions destabilizing regional areas! What the fuck! War War War, Oil, Oil, Oil, Money, Money, Money. Afghanistan, Iraq, Libya, Syria, Yemen, Israel vs Palestine, Israel vs Iran, India vs Pakistan? And you’re worried about fucking Isis! And more times than not, it always turns out to be paid by US dollars, and Bitcoin is now a security threat! China trade War! And now the US wants to puts it Intermediate Range Missiles in Asia to stabilize the region! Holy fuck that has immediately done the opposite! Fuck America and it’s love for blowing shit up! Look everyone, I’m America, I just spent $40 million on this really cool thing, “What’s it do?” It stabilizes things! Ok how does it work, AMERICA FUCK YEAH “hold my fucking beer while I blow this country off the map”! Trump comment on the Afghan war! Not so recently by Trumps approval assassination the 2nd highest ranking member of Iran’s Islamic revolutionary guard, let that sink in for bit! That’s like assassinating Mike Pompeo, but he doesn’t have millions of people that would celebrate his life. I understand America is completely fucked either way, it’s mainly because there all a bunch of dumb fucks, and have let their country be built by a bunch of psycho’s paths. It’s fucking crazy that in today’s world 90% of the population have no fucking idea, what so ever, about anything! But believe FB, IG, Twitter, Tiktok are platforms for truthful unbiased thoughts. So yes, I’m no truth seeker, no, I’m not woke af, you have Julian Assange fighting for his life for doing what millions of people do everyday, fight for freedom to self express. I’m going to finish with this! We had world wars, where millions of young people fought for the freedom we have now. Don’t let what little freedoms we have left be taken away, due to our inability to truly question the narrative that is being spread by our completely corrupt system. Anyways that’s enough truth for one day! Wouldn’t want to offend anyone, who has been hyper normalized!
submitted by FiGWiG27 to u/FiGWiG27 [link] [comments]

Weekly Update: 24 crypto assets live on ParJar fiat on/off ramp, FantomVision PWA, $LINK + Voyager, $GHOST for $ESH Hodlers... – 17 Apr - 23 Apr'20

Weekly Update: 24 crypto assets live on ParJar fiat on/off ramp, FantomVision PWA, $LINK + Voyager, $GHOST for $ESH Hodlers... – 17 Apr - 23 Apr'20
Hiya folks! Hope the shelter-at-home is treating you well. As you might know that the super cyclone Amphan struck Eastern India and Bangladesh day before yesterday. As a result, I went into radio silence for two days. Now that I am back in the grid (albeit with ultra-super slow internet; this post took 4+ hours of retries just to upload pictures), let’s get rolling with the weekly update catch-up series again. Here’s your week at Parachute + partners (17 Apr - 23 Apr'20):

24 cryptocurrencies are now live on ParJar for trading with fiat in Europe, India and UK. This is massive! The new ParJar and #cryptoforeveryone masks look great Clinton! Designers in Parachute, Clinton is looking for fresh original designs for merchandise in the Parachute Shop. You can bag some cool $PAR and discount codes if your art makes it to the store. The #par4par raffle currently has a 500k $PAR prize pool. If you have 10k $PAR in your ParJar, you can claim a ticket. Get in on it! Foo hosted a Parena so that winners can get a taste of the raffle with their prize $PAR. Bose hosted a random TTR trivia this week for a 10k $PAR prize pot. Don't forget her rules: "you argue and you're wrong, you skip next question". Gamerboy's Tiproom quiz theme was a secret. Did you find out what it was? Charlotte’s Tuesday TTR trivia was fun as always. Victor hosted an animal-themed trivia for 1k $PAR in prize per question. Two-for-Tuesday continued with the ongoing series of letters. This week Gian got Parachuters to post music "featuring bands or artists whose name starts with the letters M, N, O or P". As always, super thankful for the playlist Sebastian! 136 music videos in total. Dang! Jason’s #wholesomewed prompt involved Parachuters sharing unconventional art pieces. "They can be made by you or someone else".
Visit the Parachute Shop for more epic merch like these
Uber cool #wholesomewed entries by (clockwise from top left) Fakhir, Erol, Pars, Georg, Eric, OilJam, Peace Love
Click here to track this week’s aXpire burn transaction. CEO Gary Markham wrote about Time Recording in his latest blog post. More insights into 2gether’s study about women in crypto were released. This is part of their original study report on female crypto consumers which was first published in March. $BOMB founder Zachary Dash set the ball rolling on a proposal system for brainstorming on ideas for the project. Click here for a sample proposal. For #XIOSocial discussions, Citizens talked about what interest rate would be ideal for $XIO when the dApp launches. $LINK was added to Voyager’s platform this week. Click here for the full range of available assets. Voyager also featured in MyFirstBitcoin.info's list of "Where To Buy Bitcoin". They also launched an integration with crypto trading education platform Market Rebellion this week. Switch announced that $ESH token holders will be eligible to claim John McAfee-backed $GHOST coins on 25th May. News of Ghost’s launch was shared in bitcoin.com, Cointelegraph, CoinPedia, Crypto News Flash and CryptoNewsZ. Neva Fomo’s review of SwitchDex was released this week. The winners of the #BUIDLonFantom Developer contest were announced this week. The FantomVision block explorer was upgraded to a Progressive Web App (PWA) which can be installed on your device as an application. The team hosted a monthly AMA in their Discord. This will be happening every month from now. A new technical paper on smart was contracts was published as well.
Bitcoin is a clear favourite for trading among female users
Bounty0x’s fundraiser on Republic came to a close this week with funding crossing over targeted amount by nearly three times. Founder Angelo Adam also shared a sneak peek into how the Hypedia platform could look like. Uptrennd Head of Community, Luke, started an #InfectedWithGratitude giveaway that brought 2 days of wholesome joy to the community. Founder Jeff Kirdeikis sat down for an Altcoin Buzz interview to talk all things crypto. IOST joined Uptrennd this week. Coingecko joined in the fun too. Awesome! Congratulations on onboarding 30k+ new users in 2020 alone. The team also set the ball rolling for a community-powered blockchain awards. The District0x District Weekly can be read here. Meme Factory now has a fixture inside the virtual world of Cryptovoxels. Hydro made it to the semifinal round of Ground Up Ventures’ March Madness Startup Competition. Congrats! With news of Google’s smart debit card leaking out recently, the team at Hydro discussed the implications of the tech giant entering digital banking. They also wrote at length about FinTech in Brazil and strategies to bank the unbanked. The team also made a presentation at the Canada FinTech Summit this week. For the latest Sentivate development updates click here, here, here and here. SelfKey’s $KEY token was listed on Kyber Network this week. Read more details here. The team opened up an AMA questionnaire form for the community. AMA date not decided yet. They are also hiring currently. Apply if you’re up for it. SimpleSwap listed $KEY and joined SelfKey’s Crypto Exchange Marketplace. To learn more about Constellation’s ERC20 to mainnet $DAG swap, click here. COTI crew sat down for an AMA with KuCoin this week. The KuCoin staking campaign (announced last week) reached its cap within 5 minutes of opening up. If you were hoping to be a mode operator, hope you reached out to the team on time. To read the fee policy, click here. $COTI will be listed on Coinbit next week. Main registration for Staking 2.0 was started.
The Hypedia mockups look great!
Pynk is now SEIS/EIS approved which entitles investors in its fundraise round to tax benefits. Wibson hosted an online meetup with Crypto Resources Academy for their Spanish community. This was followed by an ETHSantiago meetup to discuss data privacy. Harmony founder Stephen Tse was part of a Miami DevCon Fintech panel to talk about DeFi and blockchain in finance. Also, congratulations on becoming the top blockchain project by GitHub activity. Stake Heist was formally opened with bounties to find bugs in the Open Staking Testnet Network and build stuff on it for some sweet $ONE. Delegators were also invited to test the staking dashboard in return for $ONE prizes. Watch more about it here. $ONE got listed on WazirX. Ankr published a comprehensive Open Staking node setup guide. Another major announcement this week was that a chunk of block rewards from staking in the phase 2 testnet will be converted to mainnet $ONE. Woohoo! Click here for an early sneak peek into the new IntelliShare website. A quick introduction of the testnet Pacific Program was also released. In his latest article, GET Protocol CEO Maarten Bloemers expanded on the significance of contactless ticketing in the post-coronavirus world. The article was an excerpt from the team’s submission to the Dutch Ministry of Public Health, Welfare and Sport to explore possible opportunities. Maarten was interviewed by HKB News of Korea where talked about all things GET. Their crowd management solution was featured on Cointelegraph as well.

And with that, we have to say Bye for now. See you again with another update. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Weekly Update: ParJar push notification, $BIRD on BitZ exchange, Switch acquires VeriSafe, GET Protocol ticketing for DI-RECT livestream... – 8 May - 14 May'20

Weekly Update: ParJar push notification, $BIRD on BitZ exchange, Switch acquires VeriSafe, GET Protocol ticketing for DI-RECT livestream... – 8 May - 14 May'20
Hi Parachuters. Here’s your week at Parachute + partners (8 May - 14 May'20):

As mentioned last week, #financialfridays are back with a vengeance. Jason announced the start of the first one in Parachute this week. Create a play crypto portfolio and win some real crypto. Also, Parachute is one of the nominees in Uptrennd’s ongoing Blockchain Awards voting for Best Community. Make your vote count. Gamerboy hosted a Random Trivia in TTR for 10k $PAR in prizes. Congratulations to Peace Love for winning this week’s Parena. more epic new rules for prizes by Foo. Haha. ParJar sent out its first ever push message to users, new and old, informing them of the new fiat on-ramp bringing along lots of new folks to the ParJar channel who got their first taste of Parena this week. Seeing the excitement from new peeps, Foo followed it up with a blink-and-you-miss-Parena. Good fun. Seen the entries of the Tiproom Pushups contest yet? Don’t forget to catch them here. Absolutely wicked! We came to the end of the alphabet train with this week’s Two-For-Tuesday seeing Parachuters post "videos featuring bands or artists whose name starts with the letters Z, A or E". Thank you for getting the playlist into shape as always Sebastian. Charlotte hosted a 100 question massive quiz in TTR this week – 10 sets of 10 questions each. If you’re participating in the Parachute Crypto League, don’t forget to check the latest service announcement from Mark.
The first ever ParJar push notification
These look great, Eric
OST Chief Engagement Officer Simon Pop will be speaking at the Diffusion Digital web conference two weeks from now. Don’t miss it. SelfKey opened up a poll to take inputs from the community on which marketplaces appeal to them the most. If you haven’t yet checked out the project, you can watch its intro video on TokenTuber. To learn more about the SelfKey Exchanges Marketplace, click here. Harmony’s native wallet is now supported on the Chrome Store. The rewards campaign for delegators and validators for Pangaea Phase 3 testnet staking closed this week. Learn all about Harmony’s Effective Proof-of-Stake mechanism from this quick intro video. Co-founder Sahil Dewan sat down for an interview with Coin Crunch India to talk all things Harmony. The team will appear for an AMA with Guarda Wallet next week. Mainnet underwent a scheduled update. With a major code release to close the week, Harmony is now super close to Open Staking on mainnet. The final members of the 6th Autonomous Committee were selected and the Committee established through a voting processes that started last week. For the transcript of founder Raymond Xiong’s AMA with CoinKeeper, click here. Few weeks back, we saw the first glimpse of the testnet Pacific Program. More details were released this week. GET Protocol’s GUTS Tokens announced that they will be ticketing a special live-streamed show for DI-RECT starting next week. It will be a pay-as-you-like liveshow. How does that work? Click here to read about it. A clusterstamp which makes data storage manageable in COTI’s DAG-based data architecture was deployed this week. $COTI was listed on Atomic Wallet.
Harmony has entered the final phase towards Open Staking launch on mainnet
In this week’s aXpire’s literature, Matthew wrote about enterprise expense management software while Joakim shared a 101 on legal billing software. Track this week’s 20k $AXPR burn here. After a disruption due to the COVID-19 crisis, shipment of the first batch of 2gether cards were resumed for dispatch this week. On this occasion the team published articles on the reasons to join 2gether, getting started with the app and importance of KYC. In this week’s #XIOSocial discussion, Citizens talked about the economic viability of XIO. Birdchain’s $BIRD token was listed on BitZ exchange this week. Voyager CEO Stephen Ehrlich will be hosting a crypto investment webinar on May 27th. He also appeared for a Cheddar interview to talk about bitcoin halving. The platform announced a partnership with Silver Cost Basis to enable accurate profit and loss statements for preparing tax returns. Recurring Buys feature was added to the platform as well. Read more about it here. Continuing with the ongoing 10 part blog series, Switch published the remaining parts this week – new features, DAO/governance, GHOST, DESH + SDEX and closed it off with a biggie i.e. acquisition of VeriSafe. $ESH was listed on FatBTC. Hope you didn’t miss out on the giveaway event. The crew will sit down for an AMA with Satoshi Club next week. The latest Fantom website was launched. Uptrennd which is now 500+ days old now has been stacking 60% user growth month-on-month. Pretty neat. District0x’s latest weekly update covers news such as Meme Factory bugfixes, upcoming QA etc. The biweekly dev update was published as well. Hydro made its case for using the integration platform in a blogpost. Plus, an article explaining the quick onboard-ability of virtual cards.

And with that, it’s a wrap. See you again with another update.
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Crypto Regulation in Countries which witnessed Spike in Crypto Interest

CoinMarketCap, one of the most preferred sources for crypto market capitulation has recently released the graph of countries that have registered a surge in crypto usage. The report named nine countries including Nigeria, Australia, Spain, Canada, Mexico, U.K., Colombia, India, and Pakistan which marked huge growth in Cryptocurrency Interest. However, it is pivotal to understand the type of crypto regulations, frameworks ad polices these countries are entertaining.
Nigeria - With Nigeria being one of the biggest countries in the world population-wise, it also boasts of being one of the leading countries in Africa in terms of GDP boasting of about $500 billion nominal GDP returns. Taking a look at the crypto regulation in Nigeria, Bitcoin and all other forms of crypto are all legal although the Security Exchange Commission in the country has warned the population of the high risk involved. With the previous move by the government of Nigeria to ban crypto trading, the regulations are still unclear with the government issuing strong warnings of the volatility in the market.
Spain - Spain mirrors Nigeria in the way that digital assets are approached in the country with the European nation not having a single regulation when it comes to crypto adoption. The Spanish government joined forces with the Spanish Security and Exchange Commission to teach investors on the dangers of trading in crypto assets. Even with the absence of regulations, the government has said that it does not see crypto as a means of tender, they may be referred to as securities.
Australia - As far back as 2017, when Bitcoin was trying to make its mark in the financial market, Australia was one of the few countries that moved swiftly to encourage the budding investment. The government declared the digital assets a legal investment in the country and as such is treated as property while being subject to Capital Gains Tax. Previously, Australia subjected crypto assets to a double taxation scheme with the assets classed under the Goods and Services Tax but the recent change has encouraged a widespread adoption.
Canada - Canada has swiftly moved to ask all businesses and investments to register their respective firms under the FinTRAC as their activities would be monitored by the body to check fraud and money laundering. The new crypto law according to FinTRAC is that all transactions that are more than $7,000 should be duly noted. The sending and receiving party should be identified and failure to do so would attract severe charges. The new law has given investors a huge relief in terms of eliminating fears of fraud.
Mexico - Mexico enacted a new law to guide crypto in March 2018 but was met with resistance across the country. The new law states that cryptocurrencies were illegal but could be used as a means of payment across the country. The new law states specifically that Banxico, the country's central bank should monitor all crypto activities and would report all unauthorized transactions whilst handing out fines to businesses that fail to adhere to the instructions. The major boost is that crypto businesses have not been levied with a clear tax system as regards digital assets.
United kingdom - Ever since the wide adoption of crypto around the world, the United kingdom has always measured the activities of crypto exchanges across the country. Even though the government has refused to see digital assets as a means of legal tender, they have moved swiftly to enforce a registration with the FCA amongst the exchanges in the country. With no ground laws in place to monitor the activities of the exchange, the country has levied the capital gains tax on individuals and investments dealing in cryptocurrencies.
Colombia - Colombia has one of the worst rules and regulations when it comes to crypto adoption. Presently, the country lacks a legal framework when it comes to regulating crypto. With the country witnessing a 61% growth in terms of FinTech companies despite the seemingly unregulated activities of crypto exchanges in the country. With the Colombian law failing to recognize cryptocurrency trading as a legal investment, most of the exchanges in the country are always subject to losing their services for handling of illegal transactions.
India - India recently passed a bill into law that said that banks can now work with crypto exchanges in the country. This development comes after the legality of crypto exchanges and the laws that govern them were called into questions after the Supreme Court permitted them to carry out their activities in the country. Presently, the trading of crypto in the Asian country is legal and has seen so many adoptions even before the court ruled in its favor. With a legal framework scheduled to be drafted in the coming weeks, only time will tell if it would favor more adoption.
Pakistan - Pakistan issued a blanket ban on crypto investments across the country in 2019 but has soon suspended the ban and asked all crypto exchanges and service providers to register their business with the state bank of Pakistan. The country executives are presently going into a meeting to discuss how the legal frameworks for the adoption of crypto would be in the country. Despite the ban that was effective since last year, the majority of the Pakistan population has owned cryptos in other countries but can now comfortably trade in their own country.
submitted by Bit2buzz to btc [link] [comments]

[EVENT] Where My Money At?

Politics

 
"Your party was beaten, your challenger's party now controls the Assembly, and hence the Assembly-Interior Ministry Committee, and further hence the Subdepartment of Elections, so you have been beaten. You shall shortly be sent home in disgrace. Unless."
"I know what I must do, sir! I will immediately become a YCP delegate and vote yes for-"
"NO! Tze-Yingtai will vote yes but Tze-Yingtai will remain a Progressive until after he does so."
"Why wait to switch? I'm happy to switch."
"We want to show the motions have bipartisan support, you idiot. Early in the next Assembly session, when I tell you to do so, you will switch parties. Now congratulations on your victory, and get out."
-Chen Qitian, a leading figure of the Young China Party, and a recently-defeated member of the Chinese Progressive Party in a private meeting.
Riding on a wave of public sympathy after the publication of “Concerning the Consequences of the Present Agricultural System Within China”, the NCERA-YCP coalition were able to pressure moderate members of the ZP-PP opposition to gain enough votes to force through enact and also form a public symbol that land reform is a bipartisan effort, disillusioning many hopeful landlords of the prospect that the legislative opposition can act as a cohesive entity to maintain the current status quo in terms of agriculture. Though some members of the Progressive Party (many of them former participants within the Peifu administration formerly part of the now-defunct Harmony Association) have reported allegations of intimidation by the Young China Party, citing that after some backroom meetings that they cannot ascertain what was discussed, PP members crossed the floor in regards to the land reform when they had previously been staunch opponents, the Gendarmerie has been quite lax in its investigation of such reports. Following the initial debate around the issue of clarifying whether the National Assembly has such powers (which was settled after the National Assembly voted to declare all land to be held in the common trust, ownership, and benefit of the people making that the central Qing government such had the powers to regulate, manage, and otherwise involve itself in matters of land policy and working conditions in the countryside), the NCERA has since established a framework that a radical reform programme has been developing with great momentum.

Civil Reform

 
The first part of expanding governmental protections for peasants was, first, a simple nonbinding resolution condemning any forms of abuse from landlord to peasants, who are all equal subjects of the Empire, and endorses the reinforcement of central law in these regions, as opposed to the status quo of permitting landlords to continue harmful practices outside the government's vision. Though under Qing common law, such abuses are already illegal, they are allowed to continue because there has been little recent interference on such practices by the Imperial Gendarmerie, and as such landlords think that they can act with impunity as they think themselves as insulated from lawful prosecution. Though such a resolution does little more than to express the collective opinion of the National Assembly, it nevertheless serves a considerable role in demonstrating a shift in government policy. Following this, the National Assembly also introduced an inter-ministerial Office for Agricultural Reviewal, operated jointly by the Ministries of the Interior and Agriculture by which peasants can report abuses and petition for a governmental investigation for violations of Qing law, which shall be conducted primarily by the Gendarmerie, as opposed to regional security forces. Moreover, new guidelines for Qing officials who collect agricultural information (primarily for census and information to be presented to the National Assembly) have been drafted to also include the accounts of local peasants rather than simply only the landlords speaking for them.
Already, reports are coming in stating that the agricultural system's previous state has been significantly misreported, and several inaccuracies are surfacing, which has been used by the ruling NCERA-YCP coalition to address any charges that the reforms envisioned by the government are unneeded. Bribery of Qing officials has been also seen as a prevalent (though hard-to-rid) issue within agricultural relations, and the Anti-Corruption Bureau of the Interior Ministry, headed by Feng Youlan, has been tasked with eliminating any larger instances of corruption that may impede on the reforms' effectiveness.

The Chinese Land Reform

 
Pursuant to their electoral promises, and acting at such an opportune time, the NCERA-led administration has enacted a set of agricultural laws collectively grouped under the General Land Reform Programme. Attacking what they call the private fiefdoms of another nobility, the NCERA has enjoyed a large degree of support from the peasantry, though conservative elements within the government have been viewing such a reversal of government policy as an example of the NCERA's "crypto-syndicalism".
According to recent statistics, an unnecessarily large amount of land goes fallow (even in consideration of soil replenishment) due to the landlords hold of non-leased land, that is usually kept closed until new tenants arrive. In order to remedy this, a maximum of one-fourth the land under a landlord’s possession may be kept fallow without penalty (unless they can prove to the Ministry of Agriculture of any circumstances that necessitate keeping it fallow such as soil depletion), with any further land being incurring a punitive 62% tax on any exported agricultural goods and rents coming from productive land, giving the landlords a heavy incentive to keep lands worked and peasants employed.
In addition, a land redistribution programme has also been enacted, following Georgist single-tax principles and seeking to set governmental intervention in economic rent, that seeks to massively benefit the peasants by forcing landlords to surrender considerable amounts of land to peasants and mandate favourable terms for land prices for those with less land as opposed to those with more land (to put it simply: peasants get economic privileges when it comes to purchasing land, as ownership of land now incurs taxes based in proportionate volume). Furthermore, the current rent system, where landlords and the gentry can set their own rent rates (sometimes reaching near-impossible numbers to realistically satisfy) on both harvests and cash earned from peasants, a new policy has been enacted with the cooperation with the Ministries of Finance and Ministry of Agriculture spearheading it that , firstly, enables agricultural harvest to be considered as government-collected tax (giving peasants the ability to pay newly-raised taxes in the form of agricultural products as opposed to cash, making the system relatively easier and less painful when the taxman comes) as well as having agriculture product and cash be translated into a singular metric of “value”, by which a government agency can better regulate landlord taxes. For instance, if a landlord operates solely from rent derived from his tenant’s agricultural product, then a limit shall be set at 37.5%. Similarly, if a landlord operates solely from rent set at a cash rate, then a hard cap shall be set on how much a landlord can pry out of a single tenant. That way, even if the landlord uses some combination of both, both will be considered as having value for governmental purposes, and as such peasants can better enjoy the fruits of their own labour.

Founding the Agricultural Bank of China

 
One of the main reasons that the Fengtian government enjoys so much economic prosperity is that because of its pre-established industrial base and its ownership of the former Legations Cities, it also enjoys a very high degree of foreign investment, especially from Japan, while the Qing subsequently experiences a dearth of investment. The status quo for drawing private funding for investments into the economy of giving Western companies (especially Sino-German enterprises and companies) special privileges has been reviewed, and been since seen as unsustainable, especially if in a state of war. Since the Qing government can’t do much in the ways of attracting foreign investments, aside from trying to compete with Fengtian for foreign capital in its internal infrastructure projects, the new economic policy that has been enacted seeks to reform the domestic economy in a way so that the structure reorient itself to enable internal market elements towards the singular goal of reinvigoration of growth by coordinating the energies and resources of internal forces. To this extent, the government has sponsored the creation of the Agricultural Bank of China (informally referred to as AgBank) to be stationed in Beijing (and to be later re-located to Wuchang once the Zhili War has been settled) which shall enjoy special privileges in exchange for providing the Empire’s peoples with certain services. For instance, any material goods bought on credit by the Agricultural Bank of China shall be relatively free from any excise taxes that would normally be collected, in exchange for the Agricultural Bank of China offering any who approach a loan to pay for such material goods easy access. Operating under the reserve-fractional lending system commonly employed by American banks (with its notable benefits in being able to act as a monetary pump that is not pegged to any larger economic activity, while also ensuring economic growth even if the silver-backed Qing currency begins to lose value), the Agricultural Bank of China shall act as creditor to domestic enterprises, and enable purchases on credit on (hopefully) a national scale. Furthermore, AgBank is expected to establish a clear line of credit to well-off peasants, enabling them to purchase equipment for agricultural mechanization in installments set by the bank. The credit system in particular (akin to pre-Weltkrieg British mortgage system in terms of housing) is structured to help circulate much-needed capital from spender-to-seller and be infused to business ventures while monetary resources are no longer locked to back up physical goods.
The Agricultural Bank of China is to be established as a private entity within the territories of the Empire, with the Imperial Qing Government as majority shareholder (with economic decisions from the government in regards to management of the Agricultural Bank of China being done to the discretion of the Ministry of Finance unless otherwise defined by the National Assembly in any future circumstance), that has also been granted a specially-issued government charter by which it is to act under. Moreover, the AgBank is also permitted the autonomy to establish holding companies in its name, as well as establish subsidiary branches, unless directed not to under the bank’s board of directors. Every six months, the AgBank is to submit a report to its shareholders concerning its larger operations, and follow the directives of its board of directors that are decided through a majority vote (which is granted in numbers of relative shares any singular holder retains). Chang Kia-ngau is to be the first Bank President for the Agricultural Bank of China, and shares are currently being sold to private individuals in order to build up monetary reserves to begin both fractional-reserve lending operations and domestic investments. The Agricultural Bank has also begun to issue loans secured by applicants’ property, so that any larger issues such as low crop yields or damages incurred may not become a serious hindrance in domestic growth, while also ensuring collective bailouts for any that suffer such damages (with a small fraction being directed towards the bank) through insuring personal holdings (giving internal stability in terms of regular economic boom or decline). As such, assets (such as cattle, agricultural tools, or land) can be acquired without tremendous risks involved. The Agricultural Bank of China is expected to enjoy the de facto status of the Empire’s lender of last resort in order to provide liquidity within the internal market so that goods (especially for peasants and agricultural products) can retain a larger part of their value as opposed to the former system of producers being forced to sell at a loss in order to mitigate economic damages.

Sharing the Wealth (No We’re Not Longists)

 
Given the considerable success of Fengtian’s “String of Pearls” plan in developing the former Legations Cities (even if Western-built infrastructure within the region assisted in a substantial capacity), current Qing economists have come to the view that the economic benefits of a centralized banking system should be spread out as far as possible to increase the prospective volume of the bank itself: the larger the bank’s reach is, the more successful it is set to be. To this end, one of the first actions the AgBank’s board of directors have done is to direct the Bank’s efforts to the South (with a main goal of establishing a subsidiary company or branch office in Guangdong). Should the Presidency and the Chairmanship of the Kuomintang Government agree, then any branch offices or subsidiary companies shall operate under the centralized apparatus of the main Agricultural Bank of China, but will abide by any set regulations enacted by the Kuomintang Government (with the exception to nationalization of any assets in ownership by the Agricultural Bank of China within Kuomintang-controlled territory, at least until a point where the AgBank has matured to a point where it can survive a major nationalization). Moreover, it is requested that the Kuomintang undergo a similar land reform as currently underway within the Qing to better streamline operations for easy investment between private individuals involved with the AgBank. The peasants in Kuomintang territory will enjoy similar increases in available capital (though not to the extent as it would if the KMT were to perform coordinated cooperation with Qing authorities) and nascent resource extraction operations will be able to receive AgBank loans.

Experimenting with Reserve Currency

 
In order to also assist with establishing the Agricultural Bank of China, and keeping it afloat even in the event of war, Qing economic hardship, poor harvests, or other events that may affect economic stability, the Agricultural Bank of China has sent a request to the Qing Foreign Ministry to establish a reserve currency. An experimental idea, the notion of a reserve currency for the Agricultural Bank involves setting controlled intra-monetary exchange rates with foreign currency in accordance to both domestic and international market fluctuations to ensure that the bank doesn’t suffer too traumatically from any pullout of capital from domestic investors. As such, the Foreign Ministry has requested both the Russian State and New England to enable the Qing government to set an official exchange rate to guarantee some value of Qing currency to prop up the AgBank with ease by ensuring private confidence. Though Germany was considered as a candidate, especially considering the presence of Sino-German business ties within the Qing government, the current conflict between Japan and Germany has decreased the Chinese consumer’s confidence in the Papiermark’s value, and as such the AgBank has declined to store Papiermarks as part of its stored reserve currency. After consideration of the Dominion of Canada’s internal economic efforts, it has been surmised that, although the Canadian economy has a good potential for growth and would form a strong basis for reserve currency, there would not be enough Canadian dollars in foreign circulation outside the Atlantic area to effectively maintain storage in China. Since the rupee is shared between the Dominion of India and the Princely Federation, such currency has been deemed too unstable for use while the AgBank is being established. As such, the candidates for use in the reserve currency are the ruble and New England dollar. The current Yuan-to-Ruble and Yuan-to-New England Dollar rates, as set by market estimates, shall be used as a basis for the reserve currency. If New England and the Russian State agree to the proposal, then an emergency stockpile of rubles and New England dollars shall be maintained within the AgBank’s holdings, and make the current valuation rate a metric for foreign trade, thus ensuring (in theory) the value of the bank’s Yuan in any and all investments so long as the foreign currency reserves aren’t depleted (which is unlikely to happen unless in the worst of economic depressions).
submitted by The_NKVD to WeltkriegPowers [link] [comments]

Your Morning Reading List and the Coming Global Debt Crisis

TOC:

  1. INTRO
  2. TLDR
  3. EXPLANATION
  4. MY POSITIONS
  5. READING LIST
Hello /wallstreetbets and fellow autists (ever realize that autist is just one letter away from artist?). I hope you're having a good morning. I'm here to give you a big reading list.
But first, the TLDR:
I had the (dis?)pleasure of visiting the World Economic Forum in Davos this year. I was invited because a Swiss investment group provided seed funding for my company, and they had a few events there. It was a fun, strange time. I had Nouriel Roubini yell at me about crypto being a scam, mistook Robert Shiller for a waiter (he looked good in his tux), and talked with Mr. Solomon - DJ D-Sol - about his career as a DJ, without knowing who he was. See these pictures:
A lot of people in Davos were scared about the Coronavirus, but they're all even more scared about debt. Bankers are terrified because a debt crisis is coming, and no one has any idea what to do about it. All the tools in the toolbox are broken, and all the nuts that can be tightened are nearly stripped. There is no plan.
I started reading more about the repo market, the debt crisis we're in, and how this beer virus is compounding this. We're pretty fucked - so we may as well get some tendies out of the whole mess. I can't explain the gravity of the situation to you with you reading the reading list below. Skim through the articles and see what interests you, and then read the ones that sound scariest to you. I also highly recommend the one from the "World Socialist Website" - Growing fears of global debt crisis - probably written by some Trans-Geographical Ethnic Economies Studies B.A. holder, but it's well put together. Also note the Corporate Debt Article (with this attached diagram https://imgur.com/a/4KhGW2m).
Check out the awesome DD on repo markets by Joesocktwo from a few days ago: https://www.reddit.com/wallstreetbets/comments/fe5s7e/the_fed_repos_are_an_attempt_to_prop_up_the/, and my comments on ABSA Bank.
Also pinging a0wner1, otto_zxon, riodeshake, shaw2885, hoxbat, and Odd-Sense who all expressed interest in a post like this.
Also Virtue_Voidwalker claims to have researched all this and found that banks are not the play. Please, Ms Voidwalker, let me know if I'm wrong, and tell us where we should be YOLOing our money instead!

!!!!!DO NOT TAKE MY INVESTMENT ADVICE! I AM NOT AN INVESTMENT ADVISOR! I AM AN AUTISTIC IDIOT ON THE INTERNET!!!!!

On that note, the following are my positions and strategy for today's big day. I'm not taking this so seriously regarding making money (and I have a tiny portfolio) but I want % gainz to stroke my ego. If you have any plays you think I should make with a remaining few hundred to play around with, tell me what they are. Thanks.
Note that all unless otherwise marked as such, I just have one of each listed option.

SELL:

TICKER STRIKE DATE P/C GAIN/LOSS ($)
EWI $16 04/17/20 P +13
SPY $105 04/17/20 P +8
EWJ $30 06/19/20 P +1
TOTAL N/A N/A N/A $22

HOLD:

TICKER STRIKE DATE P/C GAIN/LOSS ($)
EWG $20 07/17/20 P -0.65
EWG $19 04/17/20 P +38
EWI $20 04/17/20 P +63
INDA $28 04/17/20 P +10
INDA $25 06/19/20 P +1.85
IBN $11 09/18/20 P +6.85
SPY $200 04/17/20 P +149
SPY $180 04/17/20 P +41.35
SPY $175 04/17/20 P +13.85
SPY $157 04/17/20 P +42
SPY $145 06/19/20 P +50
DIA $151 04/17/20 P +78
DIA $149 04/17/20 P +141
DIA $149 04/17/20 P +30.35
BAC $22 05/15/20 P +26.35
BCS $5 01/15/21 P +0
TOTAL N/A N/A N/A $690.95

BUY:

TICKER STRIKE DATE P/C
BAC $19 08/21/20 P
BCS $4 01/15/20 P
DB $5 10/16/20 P
ICICI $12 09/18/20 P
EWG $22 07/17/20 P
INDA $26 09/18/20 P

PRE-2019

The Repo Market and the Start of the Financial Crisis

The loss of liquidity at the firms that were the biggest players in the securitized banking system ...led to the financial crisis.
The National Bureau of Economic Research | 2010

What types of assets are used as collateral in the repo market?

Repo using collateral other than high-quality government bonds is often called credit repo. On the cusp between government and credit collateral are high grade bonds issued by ... the World Bank, as well as sovereign issues ... and agency issues (issued by public sector bodies such as the government-guaranteed mortgage agencies in the US).
ICMA | Unknown

A Debt Crisis Seems To Have Come Out Of Nowhere

Over the last five years a worrisome number of low-income countries have racked up so much debt they are now at high risk of being unable to pay it back — with potentially devastating consequences not just for their economies but for their citizens, many of whom are already living in extreme poverty.
NPR | April 20th, 2018

2019

The World Bank saw the debt crisis looming

The WB and the IMF have systematically made loans to States as a means of influencing their policies. Foreign indebtedness has been and continues to be used as an instrument for subordinating the borrowers. Since their creation, the IMF and the WB have violated international pacts on human rights and have no qualms about supporting dictatorships.
Center for the Abolition of Illegitimate Debt | July 17th, 2019

Armstrong Economics - the Repo Crisis

The Fed began its Repo loan interventions on September 17th *BECAUSE** banks no longer trust banks. ... There have been frightening similarities to the liquidity crisis of 1998 and 2007-2009.*
Armstrong Economics | November 1st, 2019

The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn

Banks prefer to keep money at Fed instead of lending to other banks
MarketWatch | December 7th, 2019

Things To Know About Pozsar's Potential 'Repocalypse' At Year-End, Which 'May Precede' QE4

Zoltan Pozsar, US term (money) markets icon, just stunned with a "doomsday" report about upcoming crisis in repo markets, predicting the Fed may lose control of overnight rates by year-end.
Seeking Alpha | December 13th, 2019

Repo Oracle Zoltan Pozsar Expects Even More Turmoil

The Credit Suisse analyst foresaw the recent trouble in the financial system’s plumbing. He says it’s not over.
Bloomberg | December 20th, 2019

Repo is Wall Street's big year-end worry. Why?

The $2.2 trillion repurchase agreement market - part of the inner workings of the U.S. financial system - is facing what could be another strain as the year comes to a close. That could have wider implications than just Wall Street.
Reuters | December 22nd, 2019

The Fed seems to have halted a potential crisis in the overnight lending market — for now

There were concerns that end-of-year funding issues could cause another cash crunch that sent short-term rates surging. However, Wall Street veterans said the Fed is not out of the woods yet.
CNBC | December 30th, 2019

JAN-FEB 2020

World Bank warns of global debt crisis amid borrowing buildup

Current debt wave is largest, fastest and most broad-based since 1970s, say economists
The Guardian | January 8th, 2020

Growing fears of global debt crisis

Global debt is on track to reach an all-time high of more than \$257 trillion in the coming months after surging by around $9 trillion in the first three quarters of 2019, according to a report issued by the Institute for International Finance (IIF) earlier this month.
World Socialist Website (yes, I know) | January 22nd, 2020

The Size of Corporate Debt One Rung Above Junk Has Never Been Greater, Warns Louis Gave

Louis Gave at Gavekal Research says the greatest source of potential instability in the years ahead lies with the massive growth of the U.S. corporate debt market, particularly at the BBB-rated (near junk) level. Gave recently told FS Insider that it has far outpaced the economy and could be due for a reset during the next downturn, which is increasingly becoming a concern by other strategists.
Financial Sense | February 1st, 2019

Argentina Economy Chief Warns of ‘Deep Debt Restructuring

Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis.
Bloomberg | February 12th, 2020

How Coronavirus Is Affecting Repo Markets

As investors sold equities, many found a home for their cash in European repo markets, and repo activity recorded its busiest day of the year following the January 31 equities sell-off.
OpenMarkets | February 13th, 2020

World Bank pandemic bond under pressure as coronavirus spreads

A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses.
Reuters | February 19th, 2020

Sovereign debt challenges require innovative approaches

For the IMF, the rapid debt accumulation in more than 40% of African economies is a key concern. This is particularly troubling given limited appetite to implement another debt forgiveness initiative, such as the Highly Indebted Country (HIPC) Initiative, by major creditor countries.
ABSA Bank | 2020

MARCH 2020

Coronavirus fears could boost demand for Fed repo support

Heightened concerns about the spread of the coronavirus and its impact on the U.S. economy could boost the need for liquidity and force the Federal Reserve to rethink its plans to scale back the support it offers to money markets, analysts said Tuesday.
Reuters | March 3rd, 2020

World Bank Group Announces Up to $12 Billion Immediate Support for COVID-19 Country Response

The World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak.
World Bank | March 3rd, 2020

Lebanon Will Default on Foreign Debt Payment Amid Deepening Economic Crisis

The decision will appease protesters who have clamored for the government to prioritize domestic concerns. But it does little to solve the nation’s financial woes.
The New York Times | March 7th, 2020

Fed Moves to Keep Credit Flowing and Money Markets Calm Amid Coronavirus Turmoil

The central bank urged banks to work with their affected customers and moved to keep the financial system functioning smoothly.
The New York Times | March 9th, 2020

Repos Drive Outstanding Fed Liquidity to $233.6 Billion

Temporary liquidity provided by central bank approaches peak levels seen at the start of the year
The Wall Street Journal | March 10th, 2020

Can't pay, won't pay: What now for Lebanon's debt crisis?

Lebanon has bowed to the inevitable and said it won’t be honoring a $1.2 billion bond payment that was due on Monday. It will be its first default, but what options does one of the world’s most debt-strained countries now have?
Reuters | March 10th, 2020

An Italian financial crisis is certain – the big question is how contagious it is

The EU can rewrite its rules and let governments borrow more to counter the crisis or let Italy go the way of Greece
The Guardian | March 10th, 2020

Argentina's decree paves way for $68.8 bln debt revamp

Argentina's debt restructuring will see the country try to revamp as much as $68.8 billion in foreign law bonds, the government said in a decree early on Tuesday, paving the way for a deal with creditors it hopes to strike this month.
Nasdaq | March 10th, 2020

Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt

A surge of risky borrowing by companies around the world leaves the global economy especially exposed to the potential costs of the outbreak.
The New York Times | March 11th, 2020

Fed boosts money it’s providing to banks in overnight repo lending to $175 billion

The Federal Reserve increased the amount it will make available for overnight bank repo operations from at least \$150 billion to $175 billion. In addition, the central bank extended its two-week operation to April 13 after it was supposed to end Thursday.
CNBC | March 11th, 2020

The Fed’s Baffling Response to the Coronavirus Explained

The next time the country’s largest banks become insolvent, rather than bailing banks out, Congress should nationalize them.
Common Dreams | March 11th, 2020

An inside look at ... pandemic bonds, which have $425 million [at stake]

Investors holding the World Bank's pandemic bonds stand to either reap massive profits or lose hundreds of millions of dollars, depending on the coronavirus outbreak's lethality. The instruments offer higher-than-average returns, but bondholders will lose their principal in the event of a qualifying pandemic.
Business Insider | March 11th, 2020
submitted by jumpjetmaverick to wallstreetbets [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Cryptocurrency trading now legal in India India's economy, Cryptocurrency and its regulations Taxation Of Bitcoin and Cryptocurrency in India Indian Crypto user को मिला Income Tax का Notice, अब होना होगा पेश I आप कैसे बचे ऐसे Notice से ? CryptoTrader.Tax For Tax Professionals - Demo

Please tell us if the tax department is using any tools to track cryptocurrency transactions in India. If yes, what are they. Please tell us how does a trader need to calculate tax for profits made from Cryptocurrency trading. Typically every RTI receives a response after 3 weeks, sometimes exactly on the 30th day which is the last day for The amount you invest in ELSS is exempt up to a maximum of INR 1.5 lakh according to section 80C of the Income Tax Act and the returns thereof after the three-year lock-in period are tax exempt. Thus, making it one of the most lucrative investment options in the market. The Indian crypto exchanges have approached the Reserve bank of India for clarity on digital currency taxation in the country.. Local daily Economic Times reported on Monday that the exchange platforms in the country had written a collective letter to the central bank seeking the clarifications.. The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation We all know this fact that crypto trading was banned by RBI back in 2018 but recently few months back, this BAN was lifted and crypto trading... In a word, up to the end of March 2018, the authorities were issuing various press releases cautioning people against their risks, when the Reserve Bank of India finally adopted the crypto law that banned financial services firms from cryptocurrency trading.

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Cryptocurrency trading now legal in India

In this video, we will share the details of Income tax notice received by someone in India, Explaining all the information asked by Income tax department and... Trading Criptomonedas en cuenta demo ... Semillero de Ingresos 7,394 views. 15:26. CryptoTrader.Tax Demo Video - Crypto Tax Software - Duration: 7:56. CryptoTrader Tax 198 views. India Ahead's Vandana Sebastian Bawa spoke with Nischal Shetty, CEO of Wazirx and Naimish Sanghvi, founder and CEO of Coin Crunch India to get an insight on what the crypto community expects from ... Will Wright from Mining Store & Adrian Forza from Crypto Tax Australia break down the complexities of taxation in the cryptocurrency industry and make it simple for the every day user to understand. Five reasons why India is crying out for a crypto revolution ... I only recommend crypto trading to already experienced traders! ... Nothing herein shall be construed to be financial legal or tax ...

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