BITCOIN

The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part of their 2021 tax statements, leaving close to $7.6 million in such assets undeclared. Argentine Tax Authority AFIP Finds Irregularities The Argentine tax authority has ramped up its vigilance for digital and cryptocurrency taxes. Recently, the institution announced that it had discovered a series of irregularities that involved at least 184 taxpayers, who failed to refer to their digital and cryptocurrency holdings in their tax statements. The scrutinized tax statements, corresponding to fiscal year 2021, involve a difference of close to $7.6 million in assets undeclared, which will have to be paid according to rules for existing estate taxes. The AFIP explained this was the result of c

Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects a Crash Landing Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash landing in a tweet last week. Rosenberg is the president and chief economist of Rosenberg Research. He was previously chief economist and strategist at private wealth management firm Gluskin Sheff and chief North American economist at Merrill Lynch in New York. Sharing a chart on Twitter Thursday showing the Federal Reserve Bank of Philadelphia’s manufacturing business outlook since 1968, he wrote: Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing. Rosenberg further noted that th

Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’ Through a CBDC Florida Governor Ron DeSantis announced “comprehensive legislation” Monday to protect consumers and businesses in his state “from the Biden administration’s weaponization of the financial sector through a central bank digital currency (CBDC).” Governor DeSantis warned: The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control. He added that the proposed legislation will protect consumers and businesses in his state “from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned survei