Not so long ago there was a period when it seemed that world central banks were on the path to normalization. We have been approaching a significant milestone on a long journey since 2008, when in response to the collapse of the global financial system, central banks around the world adopted a number of unconventional political measures. They lowered interest rates to zero. Under the sign of quantitative easing, they have acquired mountains of bonds.
Janet Yellen, then chairman of the U.S. Federal Reserve, ended her quantitative easing program in October 2014. By this time, the country’s central bank had accumulated assets of $ 4.5 trillion. Since then, the balance has been depleted, and interest rates have risen. The European Central Bank (ECB) did not join the quantitative easing game until March 2015, but stopped its purchases in December 2018. Meanwhile, the Bank of Japan was the exception that proved the rule. Continue reading
Bitcoin is a currency that is created and held electronically. This is the first cryptocurrency example. Cryptocurrency is a digital currency that uses encryption methods to regulate the formation of currency units and verify the transfer of funds without a central bank.
What is bitcoin?
Bitcoin is decentralized, which means that no authority or institution holds or controls bitcoins. The regular currency is controlled by one governing body, such as the central bank. If a country needs more money, it can print more money, but it depreciates the currency and leads to inflation. Bitcoins can be transmitted electronically and have almost instantly and historically had low fees, although this has recently changed.
According to reports, bitcoin fees for a transaction have soared recently, thanks to a block in the blockchain blockchain chain limiting the number of transactions that can go through at any given time. Continue reading
You have probably already heard that the business in Singapore is extremely profitable. Among the main reasons, a favorable investment climate, humane taxation, state support programs for companies and easy access to sources of additional financing were probably mentioned.
But hearing is one thing, and starting a business in Singapore is another. You begin to search for additional information on the Internet, and gradually get lost in the flow of information, the reliability of which causes certain doubts. The pronounced commercial component on the websites of intermediaries is also haunting. As a result, the final decision is postponed until better times, which in most cases never come.
Meanwhile, the idea of starting a business in Singapore is really quite robust. We will not talk about the main stages of company registration and choosing a bank for continuous service. This topic deserves a separate thorough discussion, and we will try to disclose it in the following materials. But to discuss whether this jurisdiction is really so profitable is definitely worth it. Continue reading