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Largest cryptocurrency exchange investigated for tax crimes

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Largest cryptocurrency exchange investigated for tax crimes

Binance is the world’s largest cryptocurrency exchange platform. The service was created in 2017 and is based in the Cayman Islands, a renowned tax haven.

However, Binance is currently under investigation by the US Department of Justice and the US Internal Revenue Service. We are talking about suspicions of money laundering and tax crimes.

Those who follow the cryptocurrency market are probably already used to a certain set of concepts and platforms. CoinMarketCap, Coinbase, Binance, Ethereum, Bitcoin, Dogecoin, among others, are some of the most common terms when it comes to digital currencies.

Cryptocurrencies are undoubtedly one of the most talked about and controversial topics at the moment. And every day there is news, both favorable and less profitable for this segment.

Binance is being investigated for money laundering and tax crimes

Binance, the world's largest cryptocurrency exchange is currently under investigation by the US Department of Justice and the US Internal Revenue Service on suspicions of money laundering and tax crimes.

The platform is based in the Cayman Islands, a tax haven associated with tax evasion. In addition, the company also has an office in Singapore. Thus, the platform may have avoided a lot of taxes.

In accordance with ChainalysisBinance, a cryptocurrency market analytics company, was the primary digital currency exchange through which illicit funds were channeled. And the values ​​were not low at all.

Chainalysis estimates that Binance has committed more than $ 756 million in illegal activity. And that's the bulk of its $ 2.8 billion flow last year.

A Binance spokesperson added that the company takes its legal obligations very seriously and works with regulators and authorities.

No official investigation has yet been announced. It remains for us to wait for further developments and the possible consequences of this situation.

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Economy

The government will extend the tax cut on fuel. View new values

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The government will extend the tax cut on fuel.  View new values

The government will extend the tax cut on petroleum products for the next two months, according to CNN Portugal. But fix the values ​​and stop revisiting them every week.

The government will extend tax cuts on petroleum products in July and August to bring down the final price of fuel. CNN Portugal knows that this decision was approved this Thursday by the Council of Ministers and that it has new characteristics.

The current tax reduction applied only to the months of May and June, thus ending on June 30th. But as fuel prices remain very high, the government decided to extend the decision for another two months, thus covering July and August.

But the model is not exactly the same. The government decided to stop weekly reviews of ISP cuts, as it has done so far, and fix the cuts. Recall that the original goal was to achieve with the help of ISP the equivalent of reducing VAT from 23% to 13%. To do this, the government has launched a set of measures, which now intends to simplify.

Overall, as government sources have been able to confirm to CNN Portugal, the measures approved by the Council of Ministers will constitute a decrease of 28.2 cents per liter of diesel fuel and 32.1 cents per liter of gasoline.which is close to the current values.

According to data from the Directorate General of Energy and Geology from this Thursday, the average price of plain diesel fuel in mainland Portugal is currently 2,062 euros per litre. The average price of regular gasoline 95 is 2101 euros per liter.

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Economy

Nasdaq down 30% since January, S&P 500 closes worst half since 1970 – ECO

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Nasdaq down 30% since January, S&P 500 closes worst half since 1970 - ECO





Nasdaq down 30% since January, S&P 500 closes worst half since 1970 – ECO
































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Jackpot for some depositors. Treasury certificates to pay 11% in July – IVF

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Jackpot for some depositors.  Treasury certificates to pay 11% in July - IVF





Jackpot for some depositors. Treasury certificates to pay 11% in July – IVF































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