#risk and fraud control unit

[hopestonedvisory]

Streamline Your Finances: Effective Debt Collection Services by Hopestone Advisory

In the dynamic landscape of business, maintaining healthy cash flow is essential for growth and sustainability. However, dealing with unpaid invoices and overdue accounts can be a significant challenge. That’s where effective debt collection services come into play. At Hopestone Advisory, we specialize in providing tailored debt collection solutions designed to help businesses streamline their finances and recover outstanding debts efficiently.

The Importance of Professional Debt Collection

Many businesses encounter issues with unpaid debts at some point. Effective debt collection is crucial for several reasons:

1. Improved Cash Flow

Uncollected debts can severely impact a company’s cash flow. By engaging professional debt collection services, you can recover outstanding payments more quickly, ensuring that your business has the necessary funds to operate smoothly. This is particularly important for small and medium enterprises, where cash flow is often tight.

2. Preserving Customer Relationships

While it may seem counterintuitive, professional debt collectors can help preserve customer relationships. Our approach focuses on maintaining professionalism and respect, ensuring that clients feel valued even during the collection process. This strategy minimizes potential conflicts and helps keep doors open for future business.

3. Time and Resource Efficiency

Managing debt collection in-house can be time-consuming and resource-intensive. It diverts focus from core business activities, hindering growth. By outsourcing this function to Hopestone Advisory, you can free up valuable time and resources, allowing your team to concentrate on what they do best.

4. Legal Compliance

Debt collection must be conducted within the bounds of the law. Our experienced team understands the legal frameworks governing debt collection in India and ensures that all activities comply with relevant regulations. This not only protects your business from potential legal issues but also enhances your reputation as a trustworthy organization.

Our Comprehensive Debt Collection Services

At Hopestone Advisory, we offer a range of debt collection services tailored to meet the specific needs of your business. Here’s how we can assist you:

1. Pre-Collection Services

Before initiating formal debt collection, we provide pre-collection services that include reminder notices and follow-up calls. This proactive approach often encourages timely payments without escalating the situation, helping you maintain positive relationships with your clients.

2. Negotiation and Settlement

Our team is skilled in negotiation, working directly with debtors to establish payment plans or settlements that are mutually beneficial. This flexibility often leads to quicker resolutions while ensuring that you recover as much of the outstanding amount as possible.

3. Skip Tracing

In cases where debtors are difficult to locate, our skip tracing services come into play. We employ advanced techniques and technology to track down individuals and businesses that owe you money, ensuring that your debt recovery efforts are not hindered by untraceable clients.

4. Legal Action

If necessary, we can escalate collection efforts through legal channels. Our team collaborates with legal professionals to initiate proceedings against chronic debtors, ensuring that you have all the support needed to recover your funds effectively.

Why Choose Hopestone Advisory?

When it comes to debt collection, Hopestone Advisory is your trusted partner for several reasons:

Expertise: Our team comprises experienced professionals who specialize in debt collection and understand the intricacies of the process.

Tailored Solutions: We recognize that every business is unique. Our services are customized to fit your specific needs and industry requirements.

Ethical Practices: We pride ourselves on maintaining high ethical standards in our debt collection practices, protecting your brand’s reputation.

Results-Oriented Approach: Our focus is on delivering results. We leverage proven strategies to maximize your debt recovery rates while maintaining customer goodwill.

Conclusion

Effective debt collection is vital for maintaining healthy cash flow and ensuring the sustainability of your business. At Hopestone Advisory, our comprehensive debt collection services are designed to streamline your finances and facilitate timely recovery of outstanding debts. By partnering with us, you can focus on growing your business while we handle the complexities of debt collection. Contact us today to learn how we can help you reclaim your finances and strengthen your bottom line!

[stargun2307]

I have a thing for Storches (couldn't you tell?), so here's another one of my Storch OCs, along with a map of the administrative offices of her workplace. Kommandant Tikhon, STCR-R1811, serves as the prison controller of the Adolfo H. Song Federal Penitentiary R-18. Designed from the ground up to contain bioresonants and other high-risk individuals the Nation can't or won't dispose of right away, ADX Song's most unique feature is a wing built to house degraded FLKRs awaiting transfer to a research facility or decommission.

Prior to working for the Ministry of Justice, Controller Tikhon was the Work Shift Controller at a large re-education facility on Rotfront under the Ministry of Work and Education. Work Shift Controller Tikhon's response to an impending revolt was to order the facility to operate on lockdown indefinitely and institute draconian security measures, turning it into a de facto prison. This move garnered the attention of Ministry of Justice officials, who recruited her and subsequently sent her to Song ADX.

Described by her colleagues as "a mean ADLR in a STCR frame", Tikhon is an ultra-competent prison executive with a high aptitude for efficient management. She has overseen everything from foiled jailbreaks to the successful containment of multiple bioresonants to tax fraud committed by her own STARs. A proud and stern woman, Tikhon runs an incredibly tight ship and cracks down just as hard on her own Protektors as the inmates or the Gestalts in her former re-education camp. Despite her fearsome and largely unfavorable reputation, Tikhon has a soft spot for Eules and Kolibris, and rumor has it that she's ticklish in her stomach area, particularly her abs...

Allegedly, Tikhon is in a polycule with a EULR, a STAR, and the prison warden herself, KLBR unit Kommissar Gerasim. Notice how I said allegedly... rule #1 of ADX Song is that what happens in the prison controller's office, stays in the prison controller's office...

[beardedmrbean]

“Cuckooing” could become a new criminal offence in plans under discussion by the Home Office.

A total of 48 MPs have backed a proposal that would make the act of occupying or exercising control over another person’s home in connection with criminal activity illegal for the first time.

The practice, known as “cuckooing”, is most commonly perpetrated by county lines gangs who often occupy a vulnerable person’s home to store or distribute drugs.

Problem highlighted in popular TV dramas

The problem has been highlighted in such popular television dramas as Line of Duty and Happy Valley - but is in itself not a criminal offence.

Sir Iain Duncan Smith has put forward an amendment to the Criminal Justice Bill that would make “cuckooing” punishable by up to seven years in prison.

The former Conservative leader has had a meeting with Home Office officials to discuss the proposals, which have the backing of 40 Tory MPs including Suella Braverman, the ex-home secretary.

Police visited more than 1,200 “cuckooed” addresses within one week last month, as part of a national “country lines intensification week”.

There are tools, both civil and criminal, available to police and local authorities to disrupt “cuckooing”, and perpetrators can be prosecuted for the crime that they commit within a property, such as drugs offences.

But backers of the amendment, including Sir Robert Buckland, the former justice secretary, believe that using a vulnerable person’s property as a base for such activities itself needs to become a recognised crime.

‘People with vulnerabilities being exploited’ 

“I think that ‘cuckooing’ is another example of how we can reflect the sad reality that there are still many, many people out there who have vulnerabilities who are being exploited by criminal gangs or more sophisticated operators, who use these people as a human shield in order to conceal their criminal activities.

“Therefore, I think anything we can do to strip away that last shield has got to be a good thing in terms of really meeting the criminality where it lies.”

He warned that currently victims of “cuckooing”, which can include people with mental health issues, the elderly or those with learning disabilities, currently risk facing criminal sanctions themselves for criminal activity going on in their home.

He added: “I think it is important that we seek to use the full force of the criminal law to tackle this type of exploitation.”

The proposed new law would mean that a person will have committed an offence if they occupy or exercise control over the home of another person in connection with carrying out a criminal offence.

‘Police need more powers’ 

Means of exercising such control range from the threat of use of force or other coercive behaviour, fraud, or the giving of payments or other benefits to achieve consent of the victim.

Louise Gleich, of the Joint Modern Slavery Unit at the Centre for Social Justice and Justice and Care, said: “The police need more powers to go after the criminals who cause such devastation in the lives of vulnerable people.

“Simply prosecuting offenders for other crimes takes no account of the harm done to the victims. Civil orders are inadequate to properly disrupt this behaviour and stop offenders just moving on to other victims.

“A specific criminal offence is needed and we urge the Government to use the Criminal Justice Bill to update the law.”

The Home Office said: “Cuckooing is unacceptable, and the police already have a range of powers to step in and protect vulnerable people if they are being exploited in this way, including possible jail time for the perpetrator.

“We will consider the amendment and engage with parliamentary colleagues in the usual way.”

[rhe-toric]

The Disruptive Potential of Cryptocurrency, Blockchain, and DLT

Cryptocurrency, blockchain, and Distributed Ledger Technology (DLT) have been disrupting industries and challenging traditional business models since their inception. These technologies have the potential to revolutionize the way we do business, interact with each other, and even govern ourselves. In this blog post, we will explore the disruptive potential of cryptocurrency, blockchain, and DLT.

Cryptocurrency

Cryptocurrency, such as Bitcoin and Ethereum, is a decentralized digital currency that uses cryptography to secure transactions and control the creation of new units. Cryptocurrency has the potential to disrupt traditional financial systems by providing a more secure and transparent way to transfer value. Cryptocurrency eliminates the need for intermediaries, such as banks, and can help reduce transaction fees and increase financial inclusion.

Blockchain

Blockchain is a distributed ledger that records transactions in a secure and transparent way. Each block in the chain contains a cryptographic hash of the previous block, creating an immutable record of all transactions on the network. Blockchain has the potential to disrupt a wide range of industries, including finance, healthcare, and supply chain management. Blockchain can help increase transparency, reduce fraud, and improve efficiency.

Distributed Ledger Technology (DLT)

DLT is a type of database that is distributed across a network of computers. Each computer in the network has a copy of the database, and any changes to the database are recorded in a transparent and immutable way. DLT has the potential to disrupt a wide range of industries, including finance, healthcare, and government. DLT can help increase transparency, reduce fraud, and improve efficiency.

Disruptive Potential

The disruptive potential of cryptocurrency, blockchain, and DLT is significant. Here are some of the ways that these technologies could disrupt traditional industries: Finance Cryptocurrency and blockchain have the potential to disrupt traditional financial systems by providing a more secure and transparent way to transfer value. Cryptocurrency eliminates the need for intermediaries, such as banks, and can help reduce transaction fees and increase financial inclusion. Blockchain can also help reduce fraud and increase transparency in financial transactions. Healthcare

Blockchain and DLT have the potential to disrupt the healthcare industry by providing a more secure and transparent way to store and share patient data. Blockchain can help increase patient privacy and reduce the risk of data breaches. DLT can also help improve the efficiency of healthcare systems by reducing administrative costs and improving supply chain management.

Government

DLT has the potential to disrupt traditional government systems by providing a more secure and transparent way to store and share data. DLT can help increase transparency and reduce fraud in government transactions. DLT can also help improve the efficiency of government systems by reducing administrative costs and improving data management.

Conclusion

Cryptocurrency, blockchain, and DLT have the potential to disrupt traditional industries and revolutionize the way we do business, interact with each other, and even govern ourselves. These technologies offer a more secure and transparent way to transfer value, store and share data, and reduce fraud. As these technologies continue to evolve, we can expect to see more innovative solutions emerge that have the potential to disrupt traditional industries even further.

[scbhagat]

Comprehensive USAID Audit in Delhi India by SC Bhagat & Co.

When it comes to USAID-funded projects, compliance and accountability are critical. Organizations receiving grants or contracts from USAID (United States Agency for International Development) are subject to stringent audit requirements, ensuring funds are used as intended and meeting international standards. In Delhi, India, SC Bhagat & Co. stands out as a top provider for USAID audits, helping organizations navigate these complexities with precision and expertise.

Why USAID Audits Are Essential USAID audits are designed to ensure the proper use of funds allocated for developmental and humanitarian initiatives across the globe. These audits check compliance with USAID regulations, financial management practices, and project effectiveness. Organizations that meet these standards continue to foster positive relations with donors and often qualify for further funding. Non-compliance, however, may lead to significant financial and reputational consequences. For recipients in Delhi, India, an experienced audit firm like SC Bhagat & Co. ensures the audit process is seamless and thorough, maintaining the highest levels of accountability. SC Bhagat & Co.: Leaders USAID Audit in Delhi India SC Bhagat & Co. brings extensive expertise to USAID audits, with years of experience working with organizations that receive funding from international entities. Their audit team is well-versed in USAID’s specific audit requirements, offering: Comprehensive Financial Analysis SC Bhagat & Co. conducts detailed financial reviews, examining all grant allocations, expenditures, and supporting documents to ensure accurate reporting and full compliance. Compliance Verification USAID audits require adherence to specific regulations regarding expenditure, procurement, and reporting. SC Bhagat & Co. performs in-depth compliance checks to help organizations avoid costly errors. Internal Control Assessment The firm assesses the effectiveness of an organization’s internal controls, ensuring that proper safeguards are in place to manage USAID funds responsibly and transparently. Risk Management and Fraud Detection Detecting and mitigating risks, especially in high-stakes projects, is a priority. SC Bhagat & Co. identifies potential risks, focusing on fraud prevention and promoting a strong culture of ethical financial management. Audit Reporting and Recommendations Once the audit is complete, SC Bhagat & Co. provides a comprehensive report, highlighting any areas needing improvement and offering actionable recommendations to maintain compliance with USAID guidelines. Key Benefits of Choosing SC Bhagat & Co. for USAID Audit in Delhi India Localized Expertise with Global Standards: With an in-depth understanding of local business environments and USAID’s international requirements, SC Bhagat & Co. bridges local operations with global standards. Proven Track Record: SC Bhagat & Co. has a history of successful audits for USAID-funded projects, ensuring each client achieves full compliance without unnecessary delays. Personalized Service: Each organization is unique, and SC Bhagat & Co. tailors its audit approach to address specific funding structures, operational challenges, and compliance needs. How to Prepare for a USAID Audit in Delhi India While SC Bhagat & Co. takes the lead in ensuring compliance, organizations can take proactive steps to streamline the process: Organize Financial Documentation Having clear and organized records of all transactions related to USAID funding makes it easier to verify expenditures and compliance. Review Compliance Standards Regularly USAID guidelines can change, so staying updated on the latest compliance standards is crucial. Implement Strong Internal Controls Effective internal controls reduce the risk of errors and non-compliance, promoting financial responsibility within the organization. Engage Early with Auditors Early communication with SC Bhagat & Co. allows organizations to clarify audit requirements and address any potential issues upfront. Trust SC Bhagat & Co. for USAID Audit in Delhi India For USAID audits in Delhi, SC Bhagat & Co. offers unmatched expertise and a commitment to helping organizations achieve financial transparency and regulatory compliance. With SC Bhagat & Co. as your audit partner, your organization can focus on making an impact while they handle the complexities of USAID audit requirements.

[elsa16744]

Why is ESG Intelligence Important to Companies? 

Human activities burden Earth’s biosphere, but ESG criteria can ensure that industries optimize their operations to reduce their adverse impact on ecological and socio-economic integrity. Investors have utilized the related business intelligence to screen stocks of ethical enterprises. Consumers want to avoid brands that employ child labor. This post will elaborate on why ESG intelligence has become important to companies. 

What is ESG Intelligence? 

ESG, or environmental, social, and governance, is an investment guidance and business performance auditing approach. It assesses how a commercial organization treats its stakeholders and consumes natural resources. At its core, you will discover statistical metrics from a sustainability perspective. So, ESG data providers gather and process data for compliance ratings and reports. 

Managers, investors, and government officers can understand a company’s impact on its workers, regional community, and biosphere before engaging in stock buying or business mergers. Since attracting investors and complying with regulatory guidelines is vital for modern corporations, ESG intelligence professionals have witnessed a rise in year-on-year demand. 

Simultaneously, high-net-worth individuals (HNWI) and financial institutions expect a business to work toward accomplishing the United Nations’ sustainable development goals. Given these dynamics, leaders require data-driven insights to enhance their compliance ratings. 

Components of ESG Intelligence 

The environmental considerations rate a firm based on waste disposal, plastic reduction, carbon emissions risks, pollution control, and biodiversity preservation. Other metrics include renewable energy adoption, green technology, and water consumption. 

Likewise, the social impact assessments check whether a company has an adequate diversity, equity, and inclusion (DEI) policy. Preventing workplace toxicity and eradicating child labor practices are often integral to the social reporting head of ESG services. 

Corporate governance concerns discouraging bribes and similar corruptive activities. Moreover, an organization must implement solid cybersecurity measures to mitigate corporate espionage and ransomware threats. Accounting transparency matters too. 

Why is ESG Intelligence Important to Companies? 

Reason 1 – Risk Management 

All three pillars of ESG reports, environmental, social, and governance, enable business owners to reduce their company’s exposure to the following risks. 

High greenhouse (GHG) emissions will attract regulatory penalties under pollution reduction directives. Besides, a commercial project can take longer if vital resources like water become polluted. Thankfully, the environmental pillar helps companies comply with the laws governing these situations. 

A toxic and discriminatory workplace environment often harms employees’ productivity, collaboration, creativity, and leadership skill development. Therefore, inefficiencies like reporting delays or emotional exhaustion can slow a project’s progress. ESG’s social metrics will mitigate the highlighted risks resulting from human behavior and multi-generational presumptions. 

Insurance fraud, money laundering, tax evasion, preferential treatment, hiding conflicts of interest, and corporate espionage are the governance risks you must address as soon as possible. These problems introduce accounting inconsistencies and data theft issues. You will also receive penalties according to your regional laws if data leaks or insider trading happens. 

Reason 2 – Investor Relations (IR) 

Transparent disclosures can make or break the relationship between corporate leaders and investors. With the help of ESG intelligence, it becomes easier to make qualitative and manipulation-free “financial materiality” reports. Therefore, managers can successfully execute the deal negotiations with little to no resistance. 

You want to retain the present investors and attract more patrons to raise funds. These resources will help you to augment your company’s expansion and market penetration. However, nourishing mutually beneficial investor relations is easier said than done. 

For example, some sustainability investors will prioritize enterprises with an ESG score of above 80. Others will refuse to engage with your brand if one of the suppliers has documented records of employing child labor. Instead of being unaware of these issues, you can identify them and mitigate the associated risks using ESG intelligence and insights. 

Reason 3 – Consumer Demand 

Consider the following cases. 

Customers wanted plastic-free product packaging, and e-commerce platforms listened to their demand. And today’s direct home deliveries contribute to public awareness of how petroleum-derived synthetic coating materials threaten the environment. 

The availability of recharging facilities and rising gas prices have made electric vehicles (EVs) more attractive to consumers. Previously, the demand for EVs had existed only in the metropolitan areas. However, the EV industry expects continuous growth as electricity reaches more semi-urban and rural regions. 

Businesses and investors care about consumer demand. Remember, they cannot force consumers into buying a product or service. And a healthy competitive industry has at least three players. Therefore, customers can choose which branded items they want to consume. 

Consumer demand is one of the driving factors that made ESG intelligence crucial in many industries. If nobody was searching for electric vehicles on the web or everybody had demanded plastic packaging, businesses would never switch their attitudes toward the concerns discussed above. 

Conclusion 

Data governance has become a popular topic due to the privacy laws in the EU, the US, Brazil, and other nations. Meanwhile, child labor is still prevalent in specific developing and underdeveloped regions. Also, the climate crisis has endangered the future of agricultural occupations. 

Deforestation, illiteracy, carbon emissions, identity theft, insider trading, discrimination, on-site accidents, corruption, and gender gap threaten the well-being of future generations. The world requires immediate and coordinated actions to resolve these issues. 

Therefore, ESG intelligence is important to companies, consumers, investors, and governments. Properly acquiring and analyzing it is possible if these stakeholders leverage the right tools, relevant benchmarks, and expert data partners. 

[mhbayzid]

Is it Legal to Buy Crypto in Bangladesh?

Cryptocurrencies have gained global traction in recent years, but their legal status varies significantly from one country to another. In Bangladesh, the question of legality regarding cryptocurrency is a topic of considerable debate and interest among enthusiasts and potential investors. This article will dive into the current legal framework for cryptocurrencies in Bangladesh, discuss the risks and benefits, and explore the future outlook for crypto in the country.

1. Understanding Cryptocurrency: A Brief Overview

Cryptocurrencies, such as Bitcoin and Ethereum, are digital or virtual forms of money that operate on blockchain technology. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they are not controlled by any central authority, such as a government or bank. They offer various advantages, including lower transaction fees, faster transfers, and the potential for investment growth. However, the decentralized nature of cryptocurrencies also presents challenges regarding regulation and legal oversight.

Read More :

What is Staking in Cryptocurrency? A Beginner’s Guide

Top 10 Upcoming Cryptocurrency Trends in 2024

How to Avoid Common Cryptocurrency Scams

2. The Legal Status of Cryptocurrency Globally

Across the globe, cryptocurrency laws differ significantly, with countries adopting a range of approaches. For instance:

The United States has taken a generally positive stance, allowing crypto trading and taxation on profits.

Japan was one of the first countries to recognize Bitcoin as legal tender and has a well-developed regulatory framework for cryptocurrencies.

China, on the other hand, has implemented a complete ban on all crypto-related activities, including mining and trading.

The global stance on cryptocurrency often influences other countries, as governments assess both the risks and potential benefits associated with digital assets.

3. History of Cryptocurrency in Bangladesh

Government Stance and Regulations

In Bangladesh, the regulatory environment around cryptocurrency has historically been restrictive. The Bangladeshi government and the Bangladesh Bank have issued warnings and statements advising citizens against using or trading cryptocurrencies. As early as 2014, Bangladesh Bank declared that using Bitcoin or any other cryptocurrency was not only discouraged but could result in criminal prosecution.

Key Events and Milestones

Several events have shaped Bangladesh’s crypto landscape:

In 2014, the Bangladesh Bank issued a statement clarifying its position against Bitcoin, mentioning that using crypto could lead to fines or imprisonment.

Over the years, Bangladesh’s government has taken action against crypto traders, emphasizing the risks of money laundering and financing of terrorism.

Despite these restrictions, there remains a growing interest in crypto among Bangladeshis, many of whom continue to invest in and trade cryptocurrencies through various means.

4. Current Legal Framework in Bangladesh

Central Bank’s Role and Statements

The Bangladesh Bank is the primary financial regulatory authority in Bangladesh and has taken a strong stance against cryptocurrencies. According to the bank, cryptocurrencies are not recognized as legal tender, and the trading of these digital assets may violate existing anti-money laundering laws.

The Bank has cited concerns such as:

Risk of Fraud: The unregulated nature of crypto makes it susceptible to scams.

Money Laundering: Due to its anonymity, cryptocurrency transactions may facilitate illegal activities.

Anti-Money Laundering Laws

Bangladesh has stringent anti-money laundering (AML) and anti-terrorism financing (ATF) laws, which apply to all forms of financial transactions. The government has pointed out that cryptocurrency’s anonymous and decentralized nature poses risks in terms of enforcing these regulations.

5. Risks of Buying Cryptocurrency in Bangladesh

Legal Risks

Given the current legal framework, buying cryptocurrency in Bangladesh carries significant legal risks. Individuals caught trading or holding crypto could face penalties, including fines or jail time, as the government views it as a violation of foreign exchange laws and AML regulations.

Financial Risks

Even if legal risks are set aside, cryptocurrency trading comes with financial risks. The crypto market is highly volatile, meaning that values can fluctuate wildly. This unpredictability, coupled with the legal environment in Bangladesh, makes crypto investments particularly precarious for Bangladeshi citizens.

6. Potential Benefits of Cryptocurrency for Bangladesh

While the government has taken a cautious approach, there are several potential benefits that cryptocurrencies could bring to Bangladesh:

Financial Inclusion: With a large portion of Bangladesh’s population unbanked, crypto could provide an alternative means for people to store and transfer value.

Remittances: Crypto could make remittances faster and cheaper, benefiting the many Bangladeshi citizens who work abroad.

Blockchain Innovation: Embracing blockchain technology could foster innovation in various sectors, including supply chain management and digital identity verification.

7. How to Buy Cryptocurrency in Bangladesh (If It’s Legal)

For those interested in exploring cryptocurrency, it is crucial to stay informed about the legal context. However, if one were to proceed, the following steps outline how to do so:

Steps to Safely Purchase Crypto

Research Local Regulations: Before proceeding, consult the latest information on cryptocurrency laws in Bangladesh.

Choose a Reliable Exchange: International platforms like Binance or Coinbase are generally reputable, though accessibility may vary in Bangladesh.

Use a Secure Wallet: After purchasing crypto, transfer it to a secure wallet, such as a hardware wallet, for safekeeping.

Monitor Your Investments: Keep an eye on your portfolio and make informed decisions based on market trends.

Recommended Platforms

Since local exchanges are not available, Bangladeshi users typically access international platforms. These platforms often require additional steps for compliance, such as VPN usage or third-party wallets. However, it’s important to proceed with caution, as legal risks still apply.

8. The Future of Cryptocurrency in Bangladesh

While the current regulatory stance is restrictive, there is a possibility for change as global adoption of cryptocurrency continues. The government may consider the following trends:

Exploring Central Bank Digital Currencies (CBDCs): Some countries have explored CBDCs as a regulated alternative to cryptocurrencies, which could influence Bangladesh's approach.

Adopting Clearer Regulations: As more countries establish frameworks for crypto, Bangladesh may revisit its stance to accommodate blockchain technology’s benefits while minimizing risks.

9. Frequently Asked Questions (FAQs)

Q1: Is it illegal to own cryptocurrency in Bangladesh?

A: Yes, owning or trading cryptocurrency is currently considered illegal in Bangladesh, according to Bangladesh Bank regulations.

Q2: Can I use a VPN to access crypto exchanges?

A: While some users may use VPNs to access international exchanges, this is still legally risky, as it may violate Bangladeshi regulations.

Q3: Will Bangladesh legalize crypto in the future?

A: It’s uncertain. As crypto adoption grows globally, the Bangladeshi government may consider new regulatory approaches, but no official changes have been announced

[demi-shoggoth]

2023 Reading Log pt 12

56. Life Between the Tides by Adam Nicholson. This book really, really wants to be High Literary Art. The author writes about tide pools and coastal organisms, but is much more interested in dissecting what these have represented in art, culture and a Jungian sense of shared humanity more than he is in the actual animals, algae and other things he encounters. Throughout the book, he builds three artificial tide pools, each time devising ways to carve rock and set up filters to catch water but exclude some organisms, and I couldn’t help but think, why? Why not find natural tide pools and observe them? Why must you put your stamp on a coastline? His whole thesis seems to be something about the beauty of how the shore is a liminal place, between land and water, where ecosystems and humans alike exist in an unstable equilibrium, and yet he feels the need to attempt to control it, and does not reflect much on the contradiction. I did not care for this book, as either a work of natural history or philosophy.

57. Spirit Beings in European Folklore 1 by Benjamin Adamah. A birthday gift from my girlfriend, @abominationimperatrix. This is one of a four part encyclopedia of European monsters—this volume focuses on Scandinavia and the British Islands. The decision to edit it into multiple volumes was made relatively late in the book’s development, and it shows—there are cross references to entries that do not appear in this book, but are in other volumes. The author is an occultist, and so plays somewhat coy with whether or not he believes in the literal existence of supernatural entities; near as I can tell from this volume, he’s a believer in the idea that they have material reality as thoughtforms created by human imagination. Putting aside that quirk (which is fairly easy to do), this is a pretty good compendium of monsters, especially but not limited to the sorts of things that would be called “fey” and “undead” in RPG terms. I do have the whole set, and am looking forward to reading the rest of them.

58. If It Sounds Like a Quack… by Matthew Hongolz-Hetling. This book is a look into “alternative medicine” grifts and cranks, following the stories of six quacks from their origins to the modern day. This modern day is the COVID era, where even the most reasonable-sounding of them goes off the deep end into conspiracy theories and anti-immigrant hysteria. The author does an excellent job of using alternative medicine as a lens to look at how consensus reality has been damaged in the United States, and there are a surprising amount of connections, both direct and indirect, between these frauds and perhaps the most successful con artist of the modern era, Donald Trump (who the book refers to exclusively as “the game show host”). The book has a light touch and is very funny throughout, which makes the ending, where he discusses how people are committing real murders in the belief that COVID vaccines are turning people into zombies, hit all the harder.

59. Remnants of Ancient Life by Dale E. Greenwalt. This is a book about biomolecules found in fossils, from the famous (like pigments found in dinosaur feathers) to the rather more obscure (using trace elements to pinpoint the affinities of conodonts and Tullimonstrum). The author is an entomologist by trade, and so is a little bit unclear about the appropriate taxonomy for other groups—an editing pass over the chapters about dinosaurs would have been useful. Perhaps the most interesting chapter is on the supposed discovery of dinosaur proteins, such as collagen and even intact blood vessels, which have been almost entirely done by the lab of Mary Schwietzer, and thus are the subject of a lot of debate and skepticism.

60. Strange Bedfellows by Ina Park. This is a book about sexually transmitted infections. It can be divided roughly in half—the first half is chapter long looks at particular topics, like the stigmatization of herpes and the possible health risks of vigorous pubic hair removal. The second half is a historical survey of the history of government investigation of sexual health, including both unethical human experiments such as at Tuskegee and Guatemala, as well as the history of contract tracing in public health offices. The author’s voice comes through strongly—she’s funny and opinionated and not at all ashamed at working in a sex related field. Mary Roach wrote one of the blurbs on the back of the book, and that seems like a pretty apt comparison.

[acceptccnow]

Discussing Nutraceutical Payment Processing & Merchant Account & Regulations

Article by Jonathan Bomser | CEO | Accept-credit-cards-now.com

In the realm of high-risk payment processing, the nutraceutical industry presents a distinct set of challenges. As the demand for dietary supplements, vitamins, and herbal remedies continues to surge among health-conscious consumers, businesses in this field must grapple not only with delivering quality products but also with navigating intricate payment processing systems, securing specialized merchant accounts, and adhering to stringent regulations. This article delves into the multifaceted landscape of nutraceutical payment processing within the high-risk industry.

Understanding the High-Risk Nature of Nutraceuticals To comprehend the nuances of payment processing and merchant accounts in the nutraceutical sector, it's crucial to grasp why this industry is categorized as high-risk. Several factors contribute to this classification:

Regulatory Complexity: Nutraceuticals are subject to stringent regulations to ensure safety and efficacy. Compliance with various agencies, including the FDA and FTC in the United States, adds complexity and risk.

Product Controversies: Occasionally, nutraceutical products face controversies related to misleading claims, adulteration, or adverse events. These controversies can lead to higher chargeback rates and legal challenges.

Market Volatility: The nutraceutical market is highly competitive and subject to market trends and consumer preferences, which can result in unpredictable sales patterns.

Fraud and Chargebacks: Due to the high-value nature of some nutraceutical products, these businesses may attract fraudsters, resulting in increased chargebacks and fraud-related risks.

Unique Payment Processing Challenges Given these high-risk factors, nutraceutical companies encounter distinct payment processing challenges:

Difficulty Finding Processors: Many traditional payment processors are hesitant to work with nutraceutical businesses due to their high-risk profile. As a result, companies often need to seek specialized high-risk payment processors.

Higher Fees: High-risk merchant accounts typically come with higher fees and processing rates compared to low-risk industries.

Chargeback Management: Due to the potential for product dissatisfaction or disputes over claims, nutraceutical businesses must implement robust chargeback management strategies to mitigate financial losses.

The Role of Specialized Merchant Accounts Nutraceutical businesses operating in the high-risk industry often turn to specialized high-risk merchant accounts. These accounts cater specifically to industries like nutraceuticals and offer several advantages:

Risk Mitigation: High-risk merchant accounts are equipped to handle the unique challenges of the nutraceutical sector, including fraud prevention and chargeback management.

Payment Gateway Compatibility: These accounts integrate seamlessly with payment gateways tailored to high-risk industries, ensuring smooth transaction processing.

Expertise: High-risk merchant account providers have experience in navigating the complexities of nutraceutical regulations and compliance.

Navigating Regulatory Frameworks To maintain credibility and avoid legal repercussions, nutraceutical businesses must diligently adhere to regulatory standards, even in the high-risk category. Key regulatory aspects include:

Labeling and Claims: Ensuring accurate and compliant labeling, including health claims, is crucial to meeting regulatory standards.

Quality Control: Compliance with Good Manufacturing Practices (GMP) is essential for maintaining product quality and safety.

Adverse Event Reporting: Prompt reporting of adverse events linked to products is vital to safeguard consumer health and meet regulatory obligations.

In essence, the nutraceutical industry, as a part of the high-risk payment processing landscape, faces unique challenges in payment processing, merchant account acquisition, and regulatory compliance. Successfully navigating these complexities demands a strategic approach, unwavering commitment to quality, and partnerships with specialized high-risk payment processors. By effectively addressing these challenges, nutraceutical businesses can flourish in an industry driven by health-conscious consumers while upholding trust and integrity.

[unpluggedfinancial]

Why People Oppose CBDCs and the Laws Enacted to Fight Them

Central Bank Digital Currencies (CBDCs) have become a hot topic in the world of finance. These digital currencies, issued by central banks, promise to revolutionize the way we transact. However, they also face significant opposition. This article explores the reasons behind the opposition to CBDCs and the legislative actions taken against them.

What are CBDCs?

CBDCs are digital versions of a country’s fiat currency, issued and regulated by the central bank. Unlike decentralized cryptocurrencies such as Bitcoin, CBDCs are controlled by the government. Countries like China and the Bahamas have already launched their versions of CBDCs, while many others, including the United States, are exploring their potential.

Reasons for Opposition

Privacy Concerns

One of the primary concerns about CBDCs is the potential for government surveillance. Unlike cash transactions, which are anonymous, digital transactions can be tracked. This could allow governments to monitor individuals’ spending habits and financial activities closely. For instance, a government could potentially know what you buy, when you buy it, and where you buy it. This level of surveillance is unsettling for many who value their financial privacy.

Control and Censorship

CBDCs could also give governments unprecedented control over personal finances. They could, for example, freeze accounts or limit what individuals can spend their money on. This level of control raises concerns about potential misuse of power. Imagine a scenario where political dissenters find their access to funds restricted because of their opposition to the government.

Economic Freedom

Opponents of CBDCs argue that they could erode financial autonomy. Decentralized cryptocurrencies like Bitcoin offer an alternative to the traditional financial system, promoting financial freedom and independence. In contrast, CBDCs are seen as a tool for reinforcing governmental control over the economy.

Security Risks

Digital currencies are susceptible to cyber-attacks and fraud. The infrastructure supporting CBDCs would need to be highly secure to prevent hacking and protect users’ funds. Any vulnerabilities in the system could have severe consequences, including financial losses and disruptions in the economy.

Laws and Regulations Against CBDCs

Opposition to CBDCs has led to the introduction of various laws aimed at restricting or prohibiting their use. Several states in the US have taken significant steps in this direction.

State-Level Legislation

South Dakota: Recently passed a law prohibiting the state from accepting CBDCs as payment and blocking participation in CBDC trials.

Indiana, Florida, and Alabama: Between April and June 2023, these states passed laws excluding CBDCs from the definition of money under the Uniform Commercial Code, potentially discouraging business usage.

Oklahoma: Passed a law preventing the state from participating in CBDC trials or using CBDCs.

Federal-Level Legislation

CBDC Anti-Surveillance State Act: In September 2023, the House Financial Services Committee voted in favor of this act, which would prohibit the Federal Reserve from issuing a CBDC directly to individuals or using it for monetary policy. This bill still needs to pass the full House and Senate.

Political Stances: Former President Donald Trump has vowed to block a CBDC if he becomes President again.

Impact of Opposition

The opposition to CBDCs has significant implications for their adoption and implementation. State-level laws and proposed federal bills create substantial hurdles, signaling strong resistance to their rollout. Concerns about financial privacy and government overreach play a crucial role in shaping public opinion and legislative action. If the opposition successfully limits or prevents the rollout of CBDCs, it could influence global approaches to digital currencies.

Conclusion

The debate over CBDCs is far from over. While they promise to modernize the financial system, the concerns about privacy, control, economic freedom, and security cannot be ignored. The laws and regulations against CBDCs reflect a broader political and societal debate about the future of money and financial autonomy. As this debate continues, it is essential to stay informed and engaged with developments in digital currencies.

Call to Action

What are your thoughts on CBDCs? Do you support their implementation, or do you have concerns about their impact? Share your opinions in the comments section below.

For more insights on financial freedom and digital currencies, subscribe to our blog and join the conversation. Don't forget to check out our YouTube channel, Unplugged Financial, where we dive deeper into these topics with in-depth analyses, expert interviews, and practical advice. Join us as we explore the future of money and the potential for a financial revolution!

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Let's learn about the Bitcoin evolution together!

[hopestonedvisory]

Hopestone Advisory is a leading document verification company in Punjab, offering reliable services to authenticate personal and business documents. Our expert team ensures thorough checks to prevent fraud and ensure compliance. Trust us for accuracy—contact Hopestone Advisory today!

[boaringoldguy]

Another success for Free Speech!

ntd.com

US Supreme Court Temporarily Halts Order Blocking White House Social Media Contacts

NTD

6–7 minutes

The Supreme Court in Washington on Oct. 9, 2023. (Mandel Ngan/AFP via Getty Images)

The U.S. Supreme Court on Friday kept intact a temporary injunction on restrictions that were imposed by lower courts on the Biden administration’s ability to communicate with social media companies over removing content that it deems to be misinformation.

Justice Samuel Alito temporarily placed on hold a preliminary injunction constraining how federal officials and the White House communicate with platforms such as Facebook, Instagram, YouTube, or X, formerly Twitter. Attorneys general in Missouri and Louisiana last year filed a lawsuit against the administration and other federal officials, accusing them of censoring conservatives on topics such as the 2020 election or COVID-19 vaccines.

The order Friday will keep the matter on hold until Oct. 20, giving the Supreme Court more time to consider a request from the Biden administration to block the lower court ruling earlier this year that found officials likely coerced the companies into censoring certain posts, in violation of the U.S. Constitution’s First Amendment free speech protections.

Justice Alito first placed a temporary hold on the injunction pending the justices’ review on Sept. 14. That pause lapsed as a lower appeals court reheard the matter. Alito is the justice designated by the court to act on certain matters arising from a group of states including Louisiana, where the lawsuit was first filed.

In July, Louisiana-based U.S. District Judge Terry Doughty blocked the Biden administration from communicating with the tech firms, saying that the plaintiffs were likely to succeed in their lawsuit and said the federal government suppressed views on COVID-19 masks, lockdowns, and vaccines, as well as fraud claims around the 2020 election.

At the time, he warned that “during the COVID-19 pandemic, a period perhaps best characterized by widespread doubt and uncertainty, the United States Government seems to have assumed a role similar to an Orwellian ‘Ministry of Truth.’”

Later, the U.S. Fifth Circuit Court of Appeals shrunk the lower court’s injunction, but it affirmed that the White House, Surgeon General’s office, U.S. Centers for Disease Control and Prevention, FBI, and the Cybersecurity and Infrastructure Security Agency (CISA) cannot communicate with the tech firms relating to content moderation.

“In doing so, the officials likely violated the First Amendment,” the appeals judges wrote at the time.

“The platforms’ censorship decisions were made under policies that CISA has pressured them into adopting and based on CISA’s determination of the veracity of the flagged information,” the appeals court order added. “Thus, CISA likely significantly encouraged the platforms’ content-moderation decisions and thereby violated the First Amendment.”

“On issue after issue, the Biden Administration has distorted the free marketplace of ideas promised by the First Amendment, bringing the weight of federal authority to bear on any speech it dislikes,” the GOP members of Congress wrote in their filing.

Response

An emergency filing from the Department of Justice (DOJ) last month asked the high court to allow officials to respond to online posts that they allege pose a danger to public health. The DOJ had argued that federal officials have to be able to respond to those posts for national security reasons as well.

“Under the injunction, the Surgeon General, the White House Press Secretary, and many other senior presidential aides risk contempt if their public statements on matters of policy cross the ill-defined lines drawn by the Fifth Circuit,” Solicitor General Elizabeth Prelogar wrote for the DOJ. “CDC officials run the same risk if they accurately answer platforms’ questions about public health. And FBI agents risk being hauled into court if they flag content posted by terrorists or disinformation disseminated by covert malign foreign actors.”

The order handed down by Judge Doughty, she argued, was “vastly overbroad” and “covers thousands of federal officers and employees, and it applies to communications with and about all social media platforms.”

The case represents one of numerous legal battles underway pitting free speech against content moderation on the internet, with many Democrats and liberals issuing warnings of platforms’ posts about public health, fraud, and vaccines. Republicans have accused those platforms of censoring their viewpoints.

In their lawsuit filed in 2022, the two Republican attorneys general for Missouri and Louisiana wrote that content related to Hunter Biden’s laptop published initially by the New York Post two weeks before the 2020 election was also blocked by Twitter, Facebook, and other social media platforms.

They also alleged that the Biden administration pressured social media platforms under the threat of a possible antitrust lawsuit or allegedly threatened to change federal laws that shield those firms from lawsuits relating to users’ posts.

Reuters contributed to this report.

From The Epoch Times

[newstfionline]

Monday, September 18, 2023

Americans broadly support military strikes in Mexico, Reuters/Ipsos poll finds (Reuters) About half of Americans support sending U.S. military personnel into Mexico to fight drug cartels, according to a Reuters/Ipsos opinion poll, though there is less backing for sending troops without Mexico’s approval. The findings show broad public support for calls by most major candidates in the 2024 Republican presidential nomination contest to send special forces into Mexico, the U.S.’s biggest trading partner, or conducting missile or drone strikes there. Some of the candidates have said they would be prepared to send military forces without first receiving permission from the Mexican government. With the United States experiencing a dramatic rise in overdose deaths related to the synthetic opioid fentanyl, tamping down the flow of narcotics from Mexico has become a major theme among Republicans. Almost 80,000 Americans died from opioid-related overdoses in 2022, according to the U.S. Centers for Disease Control, with fentanyl being the primary culprit.

Battle Over Electric Vehicles Is Central to Auto Strike (NYT) A battle between Detroit carmakers and the United Auto Workers union, which escalated on Friday with targeted strikes in three locations, is unfolding amid a once-in-a-century technological upheaval that poses huge risks for both the companies and the union. The strike has come as the traditional automakers invest billions to develop electric vehicles while still making most of their money from gasoline-driven cars. The negotiations will determine the balance of power between workers and management, possibly for years to come. That makes the strike as much a struggle for the industry’s future as it is about wages, benefits and working conditions. The established carmakers are trying to defend their profits and their place in the market in the face of stiff competition from Tesla and foreign automakers. Workers are trying to defend jobs as manufacturing shifts from internal combustion engines to batteries. Because they have fewer parts, electric cars can be made with fewer workers than gasoline vehicles. A favorable outcome for the U.A.W. would also give the union a strong calling card if, as some expect, it then tries to organize employees at Tesla and other nonunion carmakers like Hyundai, which is planning to manufacture electric vehicles at a massive new factory in Georgia.

Guatemala’s president-elect says he’s ready to call people onto the streets (AP) President-elect Bernardo Arévalo plans to call Guatemalans into the streets next week to protest efforts to derail his presidency before he can take office, he said Friday in an interview with The Associated Press. It would be Arévalo’s first such request since winning the election Aug. 20. Since his landslide victory, the attorney general’s office has continued pursuing multiple investigations related to the registration of Arévalo’s Seed Movement party, and alleged fraud in the election. International observers have said that is not supported by evidence. Arévalo said he has tried his own legal maneuvers to stop those who want to keep him from power, but now it’s necessary for the people to come out to the streets to support him. Arévalo, a progressive lawmaker and academic, shocked Guatemala by making it into an Aug. 20 presidential runoff in which he beat former first lady Sandra Torres by more than 20 points.

Ukraine’s Crimea attacks seen as key to counter-offensive against Russia (BBC) This week saw spectacular Ukrainian attacks on the Crimean Peninsula, hitting Russian warships and missiles. Estimates of the damage done ran into billions of pounds and raised the question: is Ukraine getting ready to retake Crimea, which Russia annexed in 2014? Crimea is a Russian fortress, so it is important not to get carried away. The Ukrainian Defense Ministry estimates that some 32,000 Russian troops were stationed in Crimea ahead of Russia’s February 2022 invasion. Russian nuclear weapons are reportedly deployed there as well. “[Ukraine’s] strategy has two main goals,” says Oleksandr Musiienko, from Kyiv’s Centre for Military and Legal Studies. “To establish dominance in the north-western Black Sea and to weaken Russian logistical opportunities for their defence lines in the south, near Tokmak and Melitopol.” In other words, operations in Crimea go hand-in-glove with Ukraine’s counter-offensive in the south.

Three Neighbors of Ukraine Ban Its Grain as E.U. Restrictions Expire (NYT) Hours after the European Union ended a temporary ban on imports of Ukrainian grain and other products to five member nations, three of them—Poland, Hungary and Slovakia—defied the bloc and said they would continue to bar Ukrainian grain from being sold within their borders. As Ukraine, one of the world’s largest grain exporters, has struggled to ship its grain because of Russia’s invasion, the European Union has opened up to tariff-free food imports from the country, a move that had the unintended consequence of undercutting prices and hurting farmers in several countries in the east of the European Union. As part of a deal meant to protect those countries, the bloc allowed some grain to transit through them, but prohibited domestic sales. Brussels’ decision to let that deal expire at midnight on Friday revived an issue that has threatened European Union unity on support for Ukraine. The Hungarian agriculture minister, Istvan Nagy, announced an extended ban that would include more products in a Facebook post early Saturday morning, saying that “we will protect the interests of the farmers.” On Friday, Poland’s president ordered that the ban be kept in place and Slovakia’s ministry of agriculture also announced a continuation of the ban, underlining that it didn’t apply to transit through the country.

Afghan Taliban Detain 18, Including American, on Charges of Preaching Christianity (VOA) Afghanistan’s Taliban have detained 18 staffers, including an American, from a nonprofit group for allegedly preaching Christianity. The Afghan-based International Assistance Mission (IAM) confirmed Friday that Taliban authorities had twice raided its office in central Ghor province this month and taken away the staff. They were taken into custody on charges of “propagating and promoting Christianity” in Afghanistan, a spokesman said. The IAM says on its website that the nonprofit group has been working in Afghanistan only to improve lives and build local health, community development and education capacity. “We are a partnership between the people of Afghanistan and international Christian volunteers, and we have been working together since 1966.”

U.S. and China Expand Global Spy Operations (NYT) As China’s spy balloon drifted across the continental United States in February, American intelligence agencies learned that President Xi Jinping of China had become enraged with senior Chinese military generals. Mr. Xi was not opposed to risky spying operations against the United States, but American intelligence agencies concluded that the People’s Liberation Army had kept Mr. Xi in the dark until the balloon was over the United States. When Mr. Xi learned of the balloon’s trajectory and realized it was derailing planned talks with Secretary of State Antony J. Blinken, he berated senior generals for failing to tell him that the balloon had gone astray, according to American officials briefed on the intelligence. The episode threw a spotlight on the expanding and highly secretive spy-versus-spy contest between the United States and China. The balloon crisis, a small part of a much larger Chinese espionage effort, reflects a brazen new aggressiveness by Beijing in gathering intelligence on the United States as well as Washington’s growing capabilities to collect its own information on China. The C.I.A. and the Pentagon’s Defense Intelligence Agency have set up new centers focused on spying on China. U.S. officials have honed their capabilities to intercept electronic communications, including using spy planes off China’s coast. The spy conflict with China is even more expansive than the one that played out between the Americans and the Soviets during the Cold War, said Christopher A. Wray, the F.B.I. director.

Villagers survived Morocco’s earthquake but lost nearly everything else (Washington Post) By all accounts, life in this village in Morocco’s Atlas Mountains was simple and good, even if it was rarely easy. Families had lived for generations in the small cluster of houses surrounded by olive and nut trees, which generated a third of the village’s income. Money from sons and daughters who grew up and moved to cities provided the rest. When a 6.8-magnitude earthquake shook the region on Sept. 8, Tiniskt was decimated in a matter of seconds. More than 50 of its 330 residents died—there was no time to wash and bury them properly. Everyone knew each of the dead. But the survivors have each other. They have spent the past week in blue, government-provided tents. On a recent morning, women ladled out milk porridge from communal pots for breakfast. Men parceled out equal portions of donated goods for each family. Boys played soccer in the dirt. Toddlers nestled into adults’ laps—it didn’t matter whose. On Thursday, Morocco’s King Mohammed VI announced an aid package to help people rebuild their homes. The villagers in Tiniskt—used to relying on each other—weren’t waiting around. A local association affixed solar lights to wooden poles to illuminate the central road. A young man collected plastic to construct a shower. Starting over was a daunting task, one man said. But it their only choice.

Adventure tourism (NYT) In 2001, a British man named Tom Morgan decided to host an extreme car race. It would start in Britain and end in what he thought was the world’s most difficult destination for most people to reach: Ulaanbaatar, Mongolia, more than 5,500 miles away. He called it the Mongol Rally. Participants had to drive the worst car they could find, avoid any planning and have as much fun as possible. Only six cars raced the first year. But interest grew as people began to talk about the rally online. “It’s gone ballistic,” Morgan said. More than 2,000 teams are on the wait-list to join the next Mongol Rally. The growing popularity of the race is one example of interest in trips to remote destinations. Adventure travel companies and insurance providers are reporting record sales this year. Companies say their clients are skipping Bali or Santorini in favor of destinations with less tourism infrastructure. The number of visitors to Antarctica has more than tripled in the last decade. Nepal granted a record number of permits to climb Mount Everest this year. And car rental companies in Mongolia sold out of SUVs this summer.

[allweb3]

Cryptocurrency for Beginners: Essential Insights and Guidance

Cryptocurrency, a digital and decentralized form of money, has transformed the way we think about finance and technology.

For beginners, navigating the world of cryptocurrency can be both exciting and overwhelming.

This article serves as a comprehensive guide, offering beginners insights into the fundamental aspects, benefits, risks, and practical steps to get started in the cryptocurrency realm.

Understanding Cryptocurrency: The Basics

At its core, cryptocurrency is a digital or virtual form of currency that utilizes cryptographic techniques to secure transactions and control the creation of new units.

Unlike traditional currencies issued by governments and central banks, cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

1. How Cryptocurrencies Work

Cryptocurrencies operate on blockchain technology, which is a distributed and immutable ledger that records all transactions.

Each transaction is grouped into a "block," and these blocks are linked together, creating a chain of information.

This decentralized nature ensures transparency, security, and resistance to censorship as Perseus Crypto explains it nicely.

2. Key Cryptocurrency Concepts

Blockchain: A decentralized ledger that records all transactions in a secure and transparent manner.

Wallet: A digital tool that stores your cryptocurrency holdings, enabling you to send, receive, and manage your coins.

Private and Public Keys: Cryptographic keys that grant access to your cryptocurrency. The public key is like an address, while the private key is your password.

Mining: The process of validating transactions and adding them to the blockchain using powerful computers and solving complex mathematical puzzles.

Benefits of Cryptocurrency

1. Financial Inclusion: Cryptocurrencies enable access to financial services for the unbanked and underbanked populations around the world.

2. Decentralization: Cryptocurrencies operate on decentralized networks, reducing the influence of central authorities and intermediaries.

3. Security: Blockchain's cryptographic techniques ensure secure transactions and protection against fraud and hacking.

4. Transparency: Transactions on a blockchain are public and transparent, enhancing accountability.

5. Borderless Transactions: Cryptocurrencies enable fast and low-cost cross-border transactions.

6. Potential for Growth: Some cryptocurrencies have experienced significant price appreciation, offering opportunities for investment growth.

Risks and Considerations

1. Volatility: Cryptocurrency prices can be highly volatile, leading to rapid and unpredictable value changes.

2. Security Concerns: Cryptocurrencies are susceptible to hacking, scams, and phishing attacks. Secure storage is crucial.

3. Regulatory Environment: Regulations for cryptocurrencies vary by jurisdiction and can impact their legality, taxation, and use.

4. Lack of Understanding: The complexity of the technology and market can lead to uninformed decisions.

5. Lack of Regulation: The decentralized nature of cryptocurrencies means there may be no recourse for fraudulent activities or disputes.

Getting Started with Cryptocurrency

1. Education Is Key

Before investing in or using cryptocurrencies, educate yourself about the technology, terminology, and potential risks.

Numerous online resources, courses, and communities provide valuable insights.

2. Choose the Right Cryptocurrency

Research different cryptocurrencies to understand their purposes, use cases, and market trends.

Bitcoin, Ethereum, and others have distinct features and applications.

3. Select a Reliable Exchange

Choose a reputable cryptocurrency exchange to buy, sell, and trade cryptocurrencies.

Look for factors like security measures, fees, user-friendliness, and available coins.

4. Secure Your Investments

Use strong, unique passwords for your exchange accounts and enable two-factor authentication (2FA).

Consider using hardware wallets for enhanced security.

5. Start Small and Diversify

For beginners, start with a small investment you can afford to lose.

Diversify your investments across different cryptocurrencies to manage risk.

6. Stay Informed

Stay updated with the latest news and trends in the cryptocurrency space.

Follow reputable cryptocurrency news websites, blogs, and social media accounts.

7. Avoid FOMO and Emotional Decisions

Fear of missing out (FOMO) and emotional decisions can lead to impulsive actions.

Stick to your investment strategy and avoid making decisions solely based on short-term price movements.

8. Be Prepared for the Long Term

Cryptocurrency investments are often more successful with a long-term perspective.

Avoid making decisions based on daily market fluctuations.

Conclusion

As you embark on your journey into the world of cryptocurrency, remember that education and caution are your best allies.

Understand the technology, the benefits, and the risks before making any investment decisions.

With the right knowledge and a thoughtful approach, you can navigate the complex and dynamic cryptocurrency landscape, potentially harnessing its benefits and contributing to the evolution of modern finance.

[mariacallous]

(JTA) — Israel’s new government is wasting little time before following through on a central promise made by its leading politicians: to reshape the country’s judiciary and give lawmakers more power over it.

Yariv Levin, the newly appointed justice minister, on Wednesday announced planned legislation that would severely limit the Israeli Supreme Court’s ability to review and overturn laws and pledged to increase governmental control over the appointment of judges. Under his proposal, a majority of 61 Knesset members could override Supreme Court rulings, effectively ensuring that any governing coalition could override rulings it does not like.

Those moves are seen as overdue by leaders of the country’s right-wing parties, who think the judiciary has veered too far to the left. In recent years, the Supreme Court has banned Israeli construction on private Palestinian lands in the West Bank, forced the acceptance of non-Orthodox conversions and guaranteed some rights to gay couples — all of which the new government opposes.

The proposal’s critics, who include the political opposition as well as an array of liberal and nonpartisan groups in Israel and the Diaspora, say the moves would shatter Israel’s system of checks and balance and cut away at the country’s credential as the only authentic democracy in the Middle East.

“A country that removes basic democratic checks and balances and eviscerates the independence of the judiciary can no longer seriously be referred to as a full democracy,” the CEO of the New Israel Fund, Daniel Sokatch, said in a statement. He added, “The international community, including the United States government, should see this move for what it is — a lurch towards autocracy.”

“It is excruciating to see this government directly undermine the core values of democracy and religious freedom that we value so deeply,” said a statement by the Rabbinical Assembly, the Conservative movement’s rabbinical group.

A majority of Israelis believe that the Supreme Court should retain the right to strike down Knesset laws that conflict with the country’s “basic laws,” which are widely considered tantamount to a constitution, a poll conducted last month by the Israel Democracy Institute found. But the respondents were deeply divided by their religious orientation; 15% of haredi Orthodox Jews said the court should retain that right, while 76% of secular Israelis said so.

Yedidya Stern, the head of the Jewish People Policy Institute, a nonpartisan think tank based in Jerusalem, said in a statement that the question of how the judiciary should be structured should not be subject to normal political decision making.

“This is a question that deserves to be discussed in a substantive manner, with a careful examination of the benefits and risks to the public relating to each of the proposals on their own merits,” said Stern, whose group does not typically criticize Israeli government leaders. “A process of politicization of the judicial system imperils its independence and must be opposed.”

Prime Minister Benjamin Netanyahu said he would support the legislation; he has campaigned against the judiciary since facing corruption charges, for which a trial is ongoing. The proposed changes come as the high court justices are set to debate a new law, opposed by the country’s attorney general, that allows people convicted of tax crimes to serve in the Cabinet. The law is designed to ensure a ministerial role for Aryeh Deri, who is currently serving a suspended sentence for tax fraud. Deri criticized Levin for unveiling the judicial reform proposal so close to his hearing.

[elsa16744]

Why is ESG Intelligence Important to Companies? 

Human activities burden Earth’s biosphere, but ESG criteria can ensure that industries optimize their operations to reduce their adverse impact on ecological and socio-economic integrity. Investors have utilized the related business intelligence to screen stocks of ethical enterprises. Consumers want to avoid brands that employ child labor. This post will elaborate on why ESG intelligence has become important to companies. 

What is ESG Intelligence? 

ESG, or environmental, social, and governance, is an investment guidance and business performance auditing approach. It assesses how a commercial organization treats its stakeholders and consumes natural resources. At its core, you will discover statistical metrics from a sustainability perspective. So, ESG data providers gather and process data for compliance ratings and reports. 

Managers, investors, and government officers can understand a company’s impact on its workers, regional community, and biosphere before engaging in stock buying or business mergers. Since attracting investors and complying with regulatory guidelines is vital for modern corporations, ESG intelligence professionals have witnessed a rise in year-on-year demand. 

Simultaneously, high-net-worth individuals (HNWI) and financial institutions expect a business to work toward accomplishing the United Nations’ sustainable development goals. Given these dynamics, leaders require data-driven insights to enhance their compliance ratings. 

Components of ESG Intelligence 

The environmental considerations rate a firm based on waste disposal, plastic reduction, carbon emissions risks, pollution control, and biodiversity preservation. Other metrics include renewable energy adoption, green technology, and water consumption. 

Likewise, the social impact assessments check whether a company has an adequate diversity, equity, and inclusion (DEI) policy. Preventing workplace toxicity and eradicating child labor practices are often integral to the social reporting head of ESG services. 

Corporate governance concerns discouraging bribes and similar corruptive activities. Moreover, an organization must implement solid cybersecurity measures to mitigate corporate espionage and ransomware threats. Accounting transparency matters too. 

Why is ESG Intelligence Important to Companies? 

Reason 1 – Risk Management 

All three pillars of ESG reports, environmental, social, and governance, enable business owners to reduce their company’s exposure to the following risks. 

High greenhouse (GHG) emissions will attract regulatory penalties under pollution reduction directives. Besides, a commercial project can take longer if vital resources like water become polluted. Thankfully, the environmental pillar helps companies comply with the laws governing these situations. 

A toxic and discriminatory workplace environment often harms employees’ productivity, collaboration, creativity, and leadership skill development. Therefore, inefficiencies like reporting delays or emotional exhaustion can slow a project’s progress. ESG’s social metrics will mitigate the highlighted risks resulting from human behavior and multi-generational presumptions. 

Insurance fraud, money laundering, tax evasion, preferential treatment, hiding conflicts of interest, and corporate espionage are the governance risks you must address as soon as possible. These problems introduce accounting inconsistencies and data theft issues. You will also receive penalties according to your regional laws if data leaks or insider trading happens. 

Reason 2 – Investor Relations (IR) 

Transparent disclosures can make or break the relationship between corporate leaders and investors. With the help of ESG intelligence, it becomes easier to make qualitative and manipulation-free “financial materiality” reports. Therefore, managers can successfully execute the deal negotiations with little to no resistance. 

You want to retain the present investors and attract more patrons to raise funds. These resources will help you to augment your company’s expansion and market penetration. However, nourishing mutually beneficial investor relations is easier said than done. 

For example, some sustainability investors will prioritize enterprises with an ESG score of above 80. Others will refuse to engage with your brand if one of the suppliers has documented records of employing child labor. Instead of being unaware of these issues, you can identify them and mitigate the associated risks using ESG intelligence and insights. 

Reason 3 – Consumer Demand 

Consider the following cases. 

Customers wanted plastic-free product packaging, and e-commerce platforms listened to their demand. And today’s direct home deliveries contribute to public awareness of how petroleum-derived synthetic coating materials threaten the environment. 

The availability of recharging facilities and rising gas prices have made electric vehicles (EVs) more attractive to consumers. Previously, the demand for EVs had existed only in the metropolitan areas. However, the EV industry expects continuous growth as electricity reaches more semi-urban and rural regions. 

Businesses and investors care about consumer demand. Remember, they cannot force consumers into buying a product or service. And a healthy competitive industry has at least three players. Therefore, customers can choose which branded items they want to consume. 

Consumer demand is one of the driving factors that made ESG intelligence crucial in many industries. If nobody was searching for electric vehicles on the web or everybody had demanded plastic packaging, businesses would never switch their attitudes toward the concerns discussed above. 

Conclusion 

Data governance has become a popular topic due to the privacy laws in the EU, the US, Brazil, and other nations. Meanwhile, child labor is still prevalent in specific developing and underdeveloped regions. Also, the climate crisis has endangered the future of agricultural occupations. 

Deforestation, illiteracy, carbon emissions, identity theft, insider trading, discrimination, on-site accidents, corruption, and gender gap threaten the well-being of future generations. The world requires immediate and coordinated actions to resolve these issues. 

Therefore, ESG intelligence is important to companies, consumers, investors, and governments. Properly acquiring and analyzing it is possible if these stakeholders leverage the right tools, relevant benchmarks, and expert data partners.