Are cryptocurrencies the new international tax haven? If you are a Chinese citizen caught in the middle of the American-Sino trade war launched by President Trump in 2017, the answer might be yes. Since 2019, Chinese citizens have digitally spirited over $50 billion in cryptocurrencies out of China into international financial havens via cryptocurrency exchanges. Considering that China is
How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account?