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| United States: Virtual Currency Tax Consequences A growing number of startups are offering virtual currencies to investors through initial coin offerings (ICOs) as a way to raise capital, often with little or no awareness of the tax consequences of their actions. Many startups sell specially created cryptocurrencies to initial project backers who expect the ...
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| Bitcoin latest: Government denies it is about to launch its own digital currency The UK Government has denied that it is planning to issue its own version of bitcoin. But the plan hasn't been entirely ruled out, and the Bank of England is actively watching the potential impact of a government introducing its own digital currency. The UK's central bank has long been rumoured to be ...
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| West Africa: ECOWAS Common Currency - Presidential Taskforce Lays Groundwork The summit aimed at assessing progress towards a single regional currency by 2020. ECOWAS, the Economic Community of West African States, was set up in 1975. A summit in Niamey, Niger last October by the four leaders chosen by Heads of State of the 15-nation bloc also discussed how to hasten ...
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| Yen strength conversation changes if dollar weakness is systemic If you were a miserly Japanese CEO, under investor pressure to raise earnings guidance and political pressure to increase salaries, the past 10 days of currency action have been like a lottery win. Volatile, model-breaking and defiant of easy explanation: the yen, in its flurry of strength against the US ...
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