How To Find A Reliable Bookkeeping Firm For Cryptocurrency

The rise of cryptocurrency in today’s time has had a lot of people excited in the past few months. More and more businesses are also starting to accept it as a means for their customers to pay for goods. In addition to that, some countries are putting more and more effort in making cryptocurrency as a form of an additional source of income for their nation. Malta is without a doubt one of those countries. In fact, it has set itself to become the Blockchain Island of the world and it’s pretty determined to reach that goal.

One of the major proofs that Malta is doing a great job in achieving its goal is the recent announcement that Binance made. This company, which is known to be one of the biggest cryptocurrency exchanges in the world in terms of volume, has announced that it has chosen Malta as the location of its new headquarters. Favorable cryptocurrency regulations in Malta have been said to be one of the reasons for the company’s decision.

The Prime Minister of Malta confidently believes that Binance’s decision was because of what the country and its governments can offer in terms of cryptocurrency.

Why Did Binance Move To Malta?

One of the biggest reasons why Binance has decided to move to Malta because it wants to be able to provide fiat-to-cryptocurrency deposits and withdrawals, which will help it improve its overall liquidity and will allow them to open up their platform to a new set of investors through fiat purchases. As of the moment, only a few exchanges offer this kind of option, which has forced a lot of investors to look for other kinds of hedging alternatives like the stable token Tether so that they can protect themselves from the effects of the massive volatility and correlation of the cryptocurrency markets.

Malta has welcomed Binance well into its island. The company is aiming to start good relationships with different local Maltese banks so that it can start offering fiat-to-cryptocurrency deposits and withdrawals at the soonest possible time. In addition to that goal. Binance also decided to build their headquarters in Malta so that they can mitigate the risks brought about by their centralized system and so that they can offer their customers a trustless and decentralized solution so that they won’t have to worry about transparency and security, which are two things that are rapidly increasing in demand these days.

Ian Gauci, who is the known legal expert of the National Blockchain Strategic Task Force under the office of the Prime Minister said that operators who wish to open up a branch in Malta often look at the entire ecosystem and assess the country’s ultimate potential from that perspective. From the DLT front, Malta has without a doubt a great reputation and track record when it comes to financial, maritime, and gaming services. With that, we can say that value is already existing and is further improved by the country having a predisposition to DLT and also different innovations that help make it a suitable environment for bitcoin and blockchain businesses. All of these things are quite telling that Malta has indeed the capacity to turn itself into the Blockchain Island of the world.

As money printing sees a significant decline for the past few years and with annual deficits getting out of control, it will just be a matter of time before hyperinflation takes place. While no one hopes for such a scenario to happen, it is expected that the laws of economic cause and effect are not going to spare any nation that ignores them. It will not be long before China reduces its purchases of US debts and the budget crises of most American state governments are going to hit critical mass. The moment this bubble bursts, the dollar is going to worth less and less quickly. A mere recall in history can reveal this probability.

If your wealth is being measured in paper dollars, which are currently losing their value as printing presses churn out more and more of them, sooner or later, you might end up losing your wealth. Good alternatives are real estate, stocks, and of course, precious metals.

Considering the uncertainty of the government regarding new tax havens and with the continuous worsening of the present economy, it could get extremely hard to identify the best stocks to choose. Real estate may be a great way of preserving wealth yet their prices are also dropping like rocks and no one can even guess when it will hit the bottom. This is not to mention that taxes in real estate are rising as well as more rises are expected to fund local governments which are being driven in case of a financial collapse. Finally, income from real estate won’t be as attractive soon as the rents won’t be able to rise fast enough to cover the rising taxes on real estate and the dropping dollar.

This leaves everyone with precious metals in 2017 With the history and tons of facts to back up gold and silver investment many people believe that the winning strategy is to invest in silver and gold as the bubble inflates and when it’s looking that bubble is ripe and nice for bursting, buy real estate, and bail out. The main reason behind it is that real estate will surely bottom out as the precious metals top out.

Where to Store Your Silver?

Paying for the vault charges just to let some companies store your silver isn’t always a good idea. It is always wise to store your silver on your own. A lot of people think of considering a bank safety deposit box, yet some are skittish. If there’s an economic meltdown, history will show you that a bank holiday would be declared and you cannot retrieve your silver from the bank that’s closed. In addition to that, when banks fail, there will be cases where it wasn’t reopened immediately under one’s ownership. In this case, it might take a long time getting any possessions from the safety deposit box. But, depending on your choice, it’s up to you where you want to store your silver.

Welcome to 2017!  Now, what are you going to do with it?  As the famous quote says, time is the great equalizer.

The new year is a great time to contemplate what’s ahead, but it’s also a trap.  With everything fresh a euphoric feeling of the possible sets in.  But, the reality is that the actions you take, and how you take those actions will have far more impact in determining where you are at the beginning of 2017, than any vision, plan or goal.

And, the reality is that you don’t have that much time to do it.  When you factor in time off, the administrative issues you must deal, and general tasks you need an address to keep things moving, half of your year is already gone.

So, I ask you again…what are you going to do with it?  How disciplined will you be to ensure that you bring purpose, discipline and focus to the actions you take?

While time is the great equalizer, choice is the great differentiator.  Strive to make better choices this year, and the results will take care of themselves.

Looking to get a jumpstart?

• You can watch our webinar: The 5 Secrets To Getting Your Year Off To A Fast Start.
• You can download our workbook:  Developing a quick, easy and effective strategic plan.

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