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India’s finance minister calls for global crypto regulation

India’s Minister of Finance, Nirmala Sitharaman, said that all countries must unite for better worldwide crypto regulation . Speaking at the Global Fintech Fest 2023, Sitharaman added that there should be a global regulatory framework “for handling issues related to crypto assets.”  According to The Free Press Journal, the finance minister stressed the importance of the country’s Income Tax Return (ITR), claiming that some tax categories have risen by a minimum of three times in terms of tax filings. You might also like: Seoul to target North Korea’s illicit crypto assets with a new cyber bill Sitharaman added that technology is one of the essential tools for positive change. “I want [the] banking system, the financial ecosystem [including] the mutual funds, stock markets… everybody to keep in mind that when someone deals with his (customer’s) money, the organizations will have to think about the future and ensure that they (customers) nominate...

How to financially prepare for a recession

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills. A recession is a period of economic decline that can impact individuals and businesses alike. It’s important to take steps to prepare for a recession to help minimize the potential negative impact on your finances. Here are some strategies to consider: Build an emergency fund Building an emergency fund is one of the most critical steps to take to prepare for a recession. One may aim to save at least three to six months’ worth of living expenses in a separate account. This money can be used to cover their basic expenses in case of job loss or other financial hardships. 8 lessons for life: 1. Health over wealth 2. Know when to pivot 4. Become self-sufficient 5. Invest in you education 6. Pick your battles wisely 7. Have an emergency fund 8. Build several income streams — M O R E (@OwnFoundations) March 24, 2023 During a recession, losing a job and strugg...