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Hong Kong Warns Investors of Bit coin Risks

Hong Kong Warns Investors of Bit coin Risks

April 8, 2014 9:35 pm

Hong Kong’s Financial Services and the Treasury have issued warnings to investors to be cautious when trading in virtual currencies like Bitcoin. The Bureau is tasked with the provision of advice to the government and regulators on issues that include financial sector policies and oversight. It highlighted that since mid 2013, the government and financial […]

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Singapore to Regulate Virtual Currency Traders

April 8, 2014 9:34 pm

MAS (Monetary Authority of Singapore) on 13th March 2014 announced that it will undertake the regulation of domestic virtual currency intermediaries to address potential money laundering and terrorism financing risks. MAS consider virtual currency transactions to be very vulnerable to money laundering and terrorism financing risks due to anonymous nature of these transactions. To counter […]

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UK’s Doors Remain Open to New Arrivals

April 8, 2014 9:32 pm

Official figures indicate that the net long-term migration to the UK rose by 58,000 in the year ending September 2013, despite a Conservative Party pledge to cut admittance. 40,000 more EU citizens arrived to work in Britain than in the previous years. However, there was also a significant decrease in non EU immigration, down to […]

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UAE’s MoF Signs Tax Transparency MoU with DMCC

April 8, 2014 9:32 pm

UAE’s (United Arab Emirate) Ministry of Finance (MoF) has signed an MoU (memorandum of understanding) with the DMCC (Dubai Multi Commodities Center) , the UAE’s largest and fastest growing free trade zone, at the headquarters of the ministry in Dubai. The MoU will assist in ensuring international standards of transparency in the exchange of information […]

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