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Swiss central bank readying cross-border digital currency test
Switzerland's central bank is planning its first digital currency test with another country, one of its governing board members said on Thursday.
The economic consequences of bank credit contraction
As well as financing escalating government deficits, central banks face an additional problem of replacing contracting bank credit to the non-financial private sector if a slump is to be avoided. The problem comes at the worst possible time in the bank credit cycle, with commercial banks’ balance sheets as highly leveraged as they have ever been.
Biden Capital Gains Hike Would Hit Couples Earning $1 Million
President Joe Biden’s coming proposal to ramp up the capital gains tax would hit both individuals earning $1 million and married couples filing jointly earning the same amount, according to a White House official.
A Golden Future: Visualizing the Economic Case for Gold
Gold is not only a precious metal but also a precious investment. Learn more about why investors choose gold in this infographic.
City of Seoul seizes cryptocurrencies from tax delinquents
The Seoul metropolitan government said Friday it has seized the cryptocurrencies of hundreds of top tax delinquents who hid their assets in digital form, becoming the country's first local government to do so.
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