UBS Confronts Obstacles in Merging Credit Suisse Wealth Management

The integration of Credit Suisse (CS) into UBS is facing challenges in the Swiss market. Concerns among CS bankers have arisen as UBS aims to present a positive image of the integration. The Central Switzerland region, which stretches from the Bernese Oberland to Solothurn, has become a hotbed for bankers switching to competitors. In addition, […]

UBS Confronts Obstacles in Merging Credit Suisse Wealth Management

The integration of Credit Suisse (CS) into UBS is facing challenges in the Swiss market. Concerns among CS bankers have arisen as UBS aims to present a positive image of the integration. The Central Switzerland region, which stretches from the Bernese Oberland to Solothurn, has become a hotbed for bankers switching to competitors. In addition, […]

US Crypto Tax Evasion Cases Surge, IRS Implements New Reporting Guidelines

The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]

US Crypto Tax Evasion Cases Surge, IRS Implements New Reporting Guidelines

The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]

SEC Lawsuit Against DEBT Box Faces Dismissal Amid Allegations of Misrepresentation

DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]

SEC Lawsuit Against DEBT Box Faces Dismissal Amid Allegations of Misrepresentation

DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]

Lugano Embraces Cryptocurrency: Bitcoin and Tether Now Accepted for Taxes and Municipal Services

The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]

Lugano Embraces Cryptocurrency: Bitcoin and Tether Now Accepted for Taxes and Municipal Services

The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]