CRYPTOCURRENCY POSES A RISK OF TAX EVASION, THERE IS A NEED OF STRICTER COMPLIANCE: US TREASURY

Highlights

• The Treasury said in a release that it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service

• The Treasury Department said “Cryptocurrency already poses a significant detection problem by facilitating illeg...

‘INDIA HAS BEEN EXEMPLARY IN PUBLISHING ITS FOREIGN EXCHANGE MARKET INTERVENTION’ SAYS US REPORT

Highlights

• In a report submitted to Congress on Friday, the US Department of Treasury said India has been exemplary in publishing its foreign exchange market intervention

• According to the India section of the Treasury Department report, India's goods trade su...

US 10-YR TREASURY YIELD ROSE TO 1.74% FOR FIRST TIME SINCE JANUARY 2020

Highlights

• For the first time since January 2020, the U.S. 10-year Treasury yield on Thursday went up to 1.74 percent

• According to the US Federal Reserve, it was expecting higher economic growth and inflation in the country this 2020 and also repeated its pledge ...

JANET YELLER WARNS ABOUT BTC ONCE AGAIN

Highlights:

•             Yeller has consistently maintained that BTC used for illegal fundings

•             She has specifically stated funding i...

JANET YELLEN : CRYPTOCURRENCIES ARE EASIER TO HANDLE TO FINANCE TERRORISM

Highlights:

•             US Treasury Secretary Janet Yellen has been reiterating the risks involved in cryptocurrencies

•             Yeller also ...

GOLD PRICES SLUMP AS DOLLAR RATE STEADIES

Highlights

• The traders seemed optimistic with the reports of President-elect Joe Biden planning to unveil his stimulus plan worth over $1.3 trillion

• Spot gold went down by 0.3 percent to $1,838.44 per ounce, while the US gold future fell 0.8 percent to $1,839.80<...

U.S. ONCE AGAIN PUTS INDIA ON THE CURRENCY MANIPULATION WATCHLIST

Highlights

• This moves came after continuous dollar purchases made by the Reserve Bank of India that resulted in its forex reserves going up by $100 billion in this financial year

• Recently the U.S. Treasury Department labeled Switzerland and Vietnam as currency ma...

U.S. DESIGNATES SWITZERLAND AND VIETNAM AS CURRENCY MANIPULATORS

Highlights

• The U.S. Treasury Department labeled Switzerland and Vietnam as currency manipulators and has decided to keep China on a watch list

• As per the Treasury, Switzerland was judged to have intervened in the currency market by more than was necessary to addr...

PRESIDENT-ELECT JOE BIDEN LIKELY TO NAME JANET YELLEN AS U.S. TREASURY SECRETARY

Highlights

• Financial experts are predicting that this move will shift Treasury's focus heavily toward progressive efforts to tackle growing economic inequality and battling against climate change

• Yellen, who made history in 2014 after she became the first wom...

TRUMP TO BYTEDANCE: SELL TikTok BY SEP 15 OR GET BANNED

Highlights:

•    The US treasury will earn a huge amount from this likely deal

•    This deal will ensure database security for the US

The latest on the TikTok update is that in a press conference, Trump talks about his meeting...

TRUMP: 45 DAYS FOR TikTok TO FINALISE THE DEAL WITH MICROSOFT

Highlights:

•      Trump takes a stand on TikTok – Microsoft deal

•      The security of user database is a concern

Post Microsoft’s announcement on Sunday about going ahead with exploring the de...