Europe is currently hit by a heat wave with life-threatening temperatures. It has been raging across the Mediterranean and much of Western Europe, with Portugal, Spain, France, Germany and the UK, seeing extended droughts, devastating forest fires, and public infrastructure damaged. The European Commission’s Joint Research Centre warned this week that 46% of the EU’s territory is at high risk of drought, with rivers lacking water and an alert level of 11%. In Belgium, public transport has been limited as it is feared that the heat could cause the rails to expand so much that, in the...

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Government regulation in the U.S. and elsewhere is expected to actively influence the development of digital asset products and markets over the next decade. As the digital assets industry and consumers await regulatory clarity, recent events have exacerbated longstanding concerns about the potential use of cryptocurrency to facilitate illicit activities and sanctions evasion. Despite the recent market contraction in digital assets, industry market cap still stands at around $1 trillion, up from $14 billion from five years ago.1, 2, 3...

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Amesto Global has a proven track record of assisting clients with their market entry and ongoing operations to ensure that our clients are in full compliance with Irish local laws and regulations. Our hands-on approach is fully embedded in our day-to-day practice and service delivery. As a licensed service provider in Ireland, we can manage and control all accounting, finance, HR administrative and company secretarial aspects of a company’s operations and effectively act as an extension of the head-office. We...

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Tax filing – and penalties – for foreign accounts may soon be the subject of a major legal decision. The U.S. Supreme Court plans this fall to hear Bittner v. U.S. This case presents a conflict over statutes under the Bank Secrecy Act (BSA). The question is whether a “violation” under the BSA is the failure to file an annual FBAR no matter the number of foreign accounts or whether there is a separate violation for each account that isn’t...

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The EU and the UK are developing significant changes to their regulatory frameworks to reflect the growing importance of the cryptoasset sector in Europe. We discuss a major EU development—the proposed Markets in Cryptoassets Regulation (MiCA)—immediately below and significant UK regulatory initiatives in the following section. MiCA On June 30, 2022 the Parliament and Council of the EU reached provisional political agreement in relation to MiCA. MiCA aims to introduce a harmonized legal framework for certain cryptoassets and cryptoasset market participants...

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