In recent developments, Italy’s Revenue Agency has wrapped up its investigation into the financial practices of Meta, the parent company of Facebook. The investigation drew attention due to allegations surrounding significant tax evasion, amounting to almost €887.6 million linked to operations attributed to Meta’s Irish subsidiary. This situation not only highlights the urgent scrutiny placed […]
Bybit Penalised $2.4 Million for Operating Without Dutch Registration
In a significant move reflecting the increasing scrutiny on cryptocurrency platforms, Bybit, a leading crypto exchange, has been fined €2.2 million (approximately $2.4 million) by De Nederlandsche Bank (DNB), the central bank of the Netherlands. This penalty was imposed for the company’s failure to register with the regulatory authority, a requirement established by the Anti-Money […]