#Insights#

Photo: Bloomberg The Financial Industry Regulatory Authority (FINRA) has slapped Wells Fargo Clearing Services, LLC with a fresh fine of $75,000 for inconsistencies in data reporting. This is the second fine on the bank by the financial watchdog this month. The California-headquartered bank has alre

Photo: Libra Facebook is reportedly planning to launch its ambitious project Libra as early as January 2021. The digital currency will be launched in a limited format than originally anticipated. According to a report by the Financial Times on Friday, three people associated with the Libra project c

Photo: FM Mikhail Mishustin, the Prime Minister of Russia announced on Thursday that the government plans to recognize digital financial assets as property and the owners of cryptocurrencies will be able to claim and protect their property rights in Russian courts. According to the official transcri

Photo: Bloomberg The Internal Revenue Service in the United States (IRS) is reportedly sending warning letters to crypto holders again and claiming that they owe taxes on under-reported gains of crypto holdings. Similar letters were sent to cryptocurrency users last year. According to a blog post, p

Photo: Robinhood Robinhood users are reporting that they have been experiencing issues with certain types of bank transfers. The new problem adds to users’ frustration after the app was plagued with recurring tech issues that prevented them at many times from accessing their accounts or executing tr