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This Fintech Note specifically considers the challenges that tax law systems face to achieve neutrality in taxing transactions in one specific type of crypto asset: stablecoins. Stablecoins are a category of crypto assets that aim to maintain a stable value relative to a specified asset or to a pool of assets, such as sovereign currencies. In this way, they are designed to address the problem of volatility in the prices of crypto assets; price volatility generally makes these assets poor candidates to be a store of value and is one of the main impediments against their more widespread adoption as a means of payment. The prospect of a more widespread adoption of stablecoins warrants a closer look at their tax treatment and associated challenges.
Cryptoassets represent one of the most high profile financial products in the world, and fastest growing financial products in history. From Bitcoin, Etherium and Ripple's XRP-so called "utility tokens" used to access financial services-to initial coin offerings that in 2017 rivalled venture capital in money raised for startups, with an estimated $5.6 billion (USD) raised worldwide across 435 ICOs. All the while, technologists have hailed the underlying blockchain technology for these assets as potentially game changing applications for financial payments and record-keeping. At the same time, cryptoassets have produced considerable controversy. Many have turned out to be lacklustre investmen...
Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money. Central banks have been pondering wheter and how to adapt. One possibility is central bank digital currency (CBDC)-- a widely accessible digital form of fiat money that could be legal tender. This discussion note proposes a conceptual framework to assess the case for CBDC adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity. This note also surveys research and pilot studies on CBDC by central banks around the world.
Logistics and transportation is one of the highest carbon emitters among all the economic sectors. Following the Paris Climate Conference (COP21), where countries adopt first-ever universal and legally binding global climate deals, governments start to set emission targets and impose regulations on disclosing carbon emission activities. Campaigns have also been organized to initiate corporations to mitigate carbon emissions and raise public awareness on carbon footprint. This book gives a foundation on carbon footprint concepts, and methodologies on carbon footprint mapping and reporting. It also provides illustrations on pilot implementation of carbon footprint toolkits, as well as case studies showing the best practices on carbon emission mitigation for practitioners, scholars, and students.
MANY DAWNS is about the continuing journey of individuals and organisations in Singapore to improve the quality of life of intellectually disabled people (IDPs) in Singapore.It recounts key historical events relating to service provision, capture something of the spirit of the Voluntary Welfare Organisations' movement over the last 50 years, and deepen public's understanding of the meaning of intellectual disability to IDPs, service providers, caregivers and society.
Meet Danny Ni, who's unlike your typical Asian kid, his family owns a restaurant within the toughest parts of New York. As he realizes his coming of age, he worries about his future....but that's not the only thing he'll need to worry about...for a strange and powerful force is coming his way, not only it changes his life...but also the course American history!
Wake up. Train. Sleep. Repeat. Socializing not encouraged. Eating not recommended. Welcome to the life of Chinese American pop star Rose B.D. The headlines will tell you that the thin, talented, and adored Flower Princess of Shanghai has it all. No one suspects that dangerous struggles linger beneath the surface - not even Rose herself. But after crossing paths with outgoing college student Lucas, Rose's eyes are quickly opened to the reality of what living in the spotlight means. When symptoms of an eating disorder become too much to ignore, Rose finds herself having to choose between the life she has worked so hard to build and the severe aftermath of neglecting her needs. Through Rose's story, Cheng shines a light on the inadequate conversation surrounding mental health within the entertainment industry. In Unglamored, beauty standards within Asian culture are challenged, the power of celebrity influence is recognized, and readers are reminded that true healing comes through vulnerability and meaningful human connection.