HSBC Triggers Fraud Alert, Leading to Stenn's Sudden Downfall

In a stunning turn of events, the global banking giant HSBC has raised alarms regarding potential fraudulent activities linked to the fintech company Stenn, which has resulted in the abrupt collapse of the latter. Stenn, known for its innovative financing solutions that help exporters and importers manage trade finance, found itself embroiled in a crisis as HSBC's concerns came to light.

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Italy to Increase Capital Gains Tax on Bitcoin to 42%: A Major Shift in Cryptocurrency Regulation

In a significant policy change, Italy has announced plans to increase its capital gains tax on cryptocurrency transactions, specifically targeting Bitcoin. The tax rate will escalate from the existing 26% to a striking 42%, effective from 2024. This move is part of Italy's broader effort to tighten its grip on digital assets following a surge in investments and trading activities driven by the cryptocurrency boom.

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