Share of Robinhood Markets Inc fell by nearly 7% on Monday following a news that PayPal Holdings Inc may start an online brokerage service. Reports have also emerged saying, regulators were looking at imposing a potential ban on a practice that accounts for the bulk of the company’s revenue. Shares of Robinhood extended an early…
On Tuesday, Hong Kong’s securities watchdog stated, the city will require every cryptocurrency trading platforms to be regulated regardless of whether they trade securities. In a statement Hong Kong’s Securities and Futures Commission (SFC) said, previously the regulatory framework for cryptocurrency trading platforms had the ‘opt in’ option; now this has become mandatory, said SFC…
The development is in line with those of other countries who are aiming to bring large multinational companies within the ambit of their tax net. On Monday, in a significant development, New Zealand disclosed it aims to update its laws in order to tax the earnings of multinational tech companies, including Facebook, Amazon.com, Google. The…
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