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The Great Crypto Re-Banking Has Begun

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For crypto firms, the vibe-shift is a blessing. Although they have comparatively few problems accessing overseas bank accounts—often in the Cayman Islands or Switzerland—in lieu of a US bank account, they are often unable to earn yield on deposits or transact seamlessly with US-based counterparties, and sometimes incur high account fees. Neither do they benefit … Read more

The fight to protect US data has begun

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Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Three years ago, Sebastian Majstorovic, a German historian and data scientist, embarked on a striking rescue mission. After Russia invaded Ukraine, he co-created a 1,000-strong network of fellow nerds — two-thirds of them … Read more

U.K.’s wealth exodus has only just begun, as the effects of dismantling its multi-billion dollar non-dom tax regime kick in

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The U.K.’s overhauling of a divisive tax regime that allowed international millionaires to live in the country while paying lower taxes is triggering an exodus of the rich.  A new system replacing the lucrative “non-domicile” tax status took effect on Apr. 6, requiring those with a permanent home abroad but living in the U.K., to … Read more

Fintech founder Charlie Javice’s criminal trial has begun

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The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters reported.  Lawyers reiterated their original claims and defenses from the lawsuit filed by JPMorgan Chase against Javice in December of 2022. The financial services giant alleges that Javice helped “fake millions of customers in order … Read more

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