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international monetary fund demands tax reform from Hong Kong
**Hong Kong economy is one of the most attractive among the international entrepreneurs**. This is why the international monetary fund issued tax reform recommendations for this jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue ...
Path: BlogPros and cons of Central Bank Digital Currency in the view of the IMF
The interest towards Central Bank Digital Currencies (CBDC) keeps growing since the early developments that started more than a decade ago. According to the international monetary fund (IMF), about 80% of central banks are exploring CBDC at some level. Last week the IMF’s Managing Director briefed the pros and cons of CBDC, below are outlined some of them. Among the advantages of ado...
Path: BlogEl Salvador: Bitcoin will become legal tender, alongside the US dollar
...the first country in the world to adopt bitcoin as legal tender. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvadors’s program with the international monetary fund. President Nayib Bukele’s is known for his love of technology is expecting that the new law will bring financial inc...
Path: BlogLabuan FSA Tightens Money Broking Rules Amid Growing Industry
...ervices. Like other international financial centers, Labuan FSA is aligning its regulations with global standards set by bodies such as the Financial Action Task Force (FATF), the International Organization of Securities Commissions (IOSCO), and the international monetary fund (IMF). Labuan FSA Director General, Mr. Nik Mohamed Din Nik Musa, highlighted the importance of these changes, noting, ...
Path: Blog