The Daily Leo | Coinbase beat the SEC | Evolving ecommerce that will see WTO taxes in 2 years

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The haves and the have nots. It is a term bandied about all over the place.

Do you know it can even apply to a geographical region?

Two Worlds, One Region: The Duality of Power in the Modern Middle East depicts a similar type of scenario.

The Middle East has been a powder keg for many years, and it does not seem as if it will change soon.

There has always been two Middle Easts not one. However, the amazing duality the region is experiencing today constitutes a turning point compared to the long history of social and political differences.

It's akin to having two separate worlds that are only 3 hours away by plane.

One world is full of wars and people struggling with the reality of famine, whilst the other world is spending hundreds of billions of dollars on development.

This other world of development has some places which have the most amazing shopping experiences.

It seems prestige and luxurious shopping experiences in some places can fight The Evolution of Online Shopping

Whilst high end shopping is still vibrant in luxurious locations, the contours of online shopping are being redrawn by innovative platforms, emerging trends, and consumer expectations that demand more than mere convenience.

The fusion of entertainment and commerce has seen a burgeoning trend in live shopping.

Platforms like Amazon, TikTok, and YouTube are pioneering this interactive format. Essentially influencers and creators showcase products in real-time which foster a dynamic and engaging shopping environment.

This trend, which has seen exponential growth in Asia, particularly China, is gradually gaining traction in the West, promising to add a new dimension to online retail by humanizing the digital shopping experience.

It does seem like a homage to TV shopping but on different platforms.

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What if you purchase items from another country?

Buyers to pay customs duties for items purchased online in 2026 is a reality!

The World Trade Organization (WTO) will start imposing custom duties on all products purchased from digital platforms (popularly known as ecommerce platforms) from 2026.

Many countries already impose customs charges on imported goods, they certainly do in the UK.

It means that both e-commerce platforms and customers that buy goods from them would be expected to pay a tarriff for each product bought or sold.

This will not be brought into practise until March 2026 unless there is ministerial conference earlier, which is doubtful as the next one MC14 is not planned until March 2026.

It seems countries will have the right to opt out. What about the small businesses, it seems that some will go the wall and it is something that will benefit the large retailers!

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Whenever people buy things online, they need to be aware of scams.

Scams and scammers are everywhere, and of course it is not just limited to fiat currencies.

Are you equipped to deal with AI Powered Crypto Scammers?

Many of the old scams that have been around for years have now been upgraded with the advent and rise of A!

Earlier these fraudulent emails and online texts were relatively easy to spot as they would have typos and badly written text.

AI has changed that! Using easily accessible AI tools these scammers are able to spin quite convincing texts for landing pages and emails. Not only that since they are so easy and quick to generate, scammers who are new to the field can make loads of scams in double quick time!

It is a worrying rise and everyone needs to be vigilant for the safety!

Another body that thinks they are being vigilant is the SEC!

Everyday it seems we hear about the SEC fighting something in the cryptocurrency world.

Coinbase Wallet Wins Against SEC Allegations of it Being a Broker

Roll back to June 2023 and the SEC (Securities and Exchange Commission) filed a lawsuit against Coinbase for acting as an unregistered broker and exchange.

However fast forward to March 2024, and the Coinbase wallet is a non-custodial wallet, where the users can receive information from Coinbase, but are in complete control of their own transactions, as the wallet can not perform transactions on their behalf.

This is why the judge had ruled that Coinbase's self-custody crypto wallet doesn’t make it a broker.

Most people in the crypto sphere do cheer whenever the SEC lose a case and this is not different, the bottom line is that this is a huge win not only for Coinbase but also for other DeFi applications, as it's established that a wallet is not a broker.

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