Race Toward Digital Currency: US vs China
While the US tries to adapt digital currency to its welfare state and otherwise avoid it in the global markets, China spent the last five years working on the digital yuan. Ben Franklin once said: I am for doing good to the poor, but I differ in opinion about the means. I think the best […]
The Crypto Economy Has Arrived & Not a Minute Too Soon
Cryptocurrency has been around for about a decade, but it’s becoming normalized and its application more commonplace and streamlined. By: Bobby Casey, Managing Director GWP It used to be, bartering was the only form of economic transaction. You have cows, I have tomatoes. We determine a quantity of cows that equal the value of a […]
Looking Forward: Observations on Business & Global Markets
Looking forward, what are some observations we can make about how to come back, be more resilient, and mindful of the bigger players in the global market? April 27, 2020 By: Bobby Casey, Managing Director GWP A lot of us are trying to get a read on what’s next. Or is there a next? If […]
From Purge of Status Quo to Surge in Opportunities
Economies are suffering, but was this the purge from a terrible status quo that could lead to a surge of new opportunities? April 13, 2020 By: Bobby Casey, Managing Director GWP This situation isn’t totally unprecedented. Many of us watched the world after 9/11, and are still living with the legislative artifacts of that time. […]
Encryption – The Fight Continues to Defend Privacy
The battle to defend end-to-end encryption and privacy continues as congress introduces yet another measure for back doors into people’s data. March 9, 2020 By: Bobby Casey, Managing Director GWP Certainly when data breaches occur at large entities like Yahoo, Equifax, JP Morgan Chase, and Anthem, there’s plenty of reason to be concerned for the […]
Gaming Currencies: Taxable or Not?
The IRS scrubbed some language from its guidance about virtual currencies, and how gaming currencies could fall under that definition. February 17, 2020 By: Bobby Casey, Managing Director GWP Full disclosure: I am having the worst time deciphering the difference between satire and real news. I recognize some sites as being satire, like the Onion […]
Other Central Banks May Follow China’s Example
If China’s crypto-yuan takes off, what does that mean for those in the traditional banking system now? Who would have thought that a simple idea shared with the world in 2009 would eventually be altered and leveraged by China to upend banking as we know it? Well, the time has come, and if you have […]
IRS Guidance on Taxing Virtual Currencies Rolls out for 2019
The IRS is rolling out new guidance to compel more voluntary compliance in reporting crypto holdings. But is this just another case for 2nd citizenship? January 13, 2020 By: Bobby Casey, Managing Director GWP There was crypto guidance issued in the international space for the FATF (Financial Action Task Force), and then there is the […]
Second Citizenship Becoming a Viable Option for Expats
Citizenship renunciation or second citizenship become viable solutions for expats, especially those with any dealings in crypocurrencies. January 6, 2020 By: Bobby Casey, Managing Director GWP Oppression is the number one reason why people leave one place for another. This is why people leave abusive homes. This is why people flee dictatorships and unaccountable regimes. […]
Protect Your Cash: Don’t Carry Any!
Imagine being presumed guilty of money laundering, tax evasion, or improper reporting for simply being in possession of a large sum of cash. It’s legal and it’s happening. December 16, 2019 By: Bobby Casey, Managing Director GWP You have too much cash and no permit for it. Imagine hearing those words and being brought up […]
