Tax and Reports: Young Platform’s new feature for cryptocurrency tax reporting

Comprehensive guide to 2024 tax return services, including tax report preparation, accountant advice, and third-party exchange, wallet, and blockchain integration to regularise your position from 2016.

One of the leading causes of ‘headaches’ for cryptocurrency enthusiasts is tax returns. This is not because crypto enthusiasts want to behave non-compliantly with current regulations but precisely because of their complexity, which often needs to be clarified.

Moreover, experienced users who navigate this universe in depth are used to making a large number of transactions that then become very difficult to trace and reconstruct. Using different exchanges, DeFi platforms, Metamask or collecting NFTs complicates things further. 

Last year, to remedy this problem, we launched the Tax Report, which was well received by our community. The aim was to ‘simplify life’ for our users and make declaring cryptocurrencies a breeze.

However, the Italian Budget Law 2023 and the Agenzia delle Entrate have changed the game for the 2024 tax declaration. The changes introduced concern many aspects, including revising the 730, Form RW and Form RT. 

Therefore, we have created a new section on our platform dedicated to the tax declaration of cryptocurrencies. The initiative is aimed at Young Platform users and anyone wishing to use a comprehensive service to declare their cryptocurrencies without spending a fortune. 

Let’s discover together all the services of the new Tax & Reports functionality:

  • the Young Platform Tax Report updated for the 2024 declaration 
  • The Tax Report Integrated with Okipo (exchange, wallet and third blockchain) 
  • the Young Platform Transaction Report
  • Stamp duty 
  • the consultancy service with our accountants.

Finally, we will look at the discounts provided for our Clubs! 

Keep these essential aspects in mind:

  • All reports include data from both exchanges, Base and Pro. 
  • The “Tax & Reports” section is available from the Young Platform web (desktop) version. It will be integrated into the app in the coming weeks.
  • Those who have already purchased the Tax Report during the pre-sale can now download it!

Please note: the Tax Reports (both Young Platform report and Okipo) have been created to comply with Italian tax regulations. Therefore, purchasing the Tax Report still needs to be enabled for other countries. If you are a tax resident in Italy, access Young Platform by setting the language to Italian to purchase the Tax Report. If you cannot do so, please open a support ticket.

Discover Tax & Reports

The new Young Platform Tax Report 

If you only use Young Platform – either Basic or Pro – this is the service for you. By purchasing this report, you can download a handy PDF with a clear and straightforward outline of everything you own in cryptocurrencies and the data you need to complete your tax return. 

In addition, to help you with the compilation, you will see a facsimile of Form RW and Form RT attached. The former must be filled in for stamp duty, and the latter if you have generated gains in 2023 that exceed EUR 2,000. If, on the other hand, you have suffered any losses, you can recover them over the next four years by entering them in Form RT. 

The main advantage of this report lies in the price. Let’s see why.

First of all, the Tax Report is retroactive. If you started buying cryptocurrencies on Young Platform in 2019, your PDF includes an overview of your portfolio for tax reporting from 2019 to the present. Unlike other exchanges or services, you pay a single report to regularise your tax position from the first year you invest in cryptocurrencies. 

Secondly, the price is calculated on the number of transactions made. As a result, you get a fully customised pricing plan and only pay for your actual activity level. Suffice it to say that the basic plan costs €9.99. 

This policy responds to an elementary desire: to allow all our users to comply with their tax obligations and take advantage of this market with peace of mind without affecting their budget.

Buy Tax Report

The Okipo Integrated Report on Young Platform 

This integration was made for Young Platform users who use other exchanges, own NFTs, have cryptocurrencies in DeFi platforms, or simply store their crypto assets in wallets outside of Young Platform. 

Due to its flexibility, it is also ideal for those who do not use Young Platform as an exchange but are looking for a cost-competitive solution. For these, simply register and access the ‘Fees and Reports’ section. 

Thanks to the cooperation between our company and Okipo, we can offer a unique retroactive report and a discounted pricing plan on their price list, which costs €229 per fiscal year. Young Platform users will be entitled to discounted prices as follows. 

PLEASE NOTE: To obtain this benefit, you must use the Okipo service from the Young Platform ‘Tax and Reports’ section

  • For Young Platform users who are not members of a Club, the Okipo Report has a total cost of €59 (instead of €229 per fiscal year).
  • Club Bronze: €54 (instead of €229 per fiscal year).
  • Club Silver: €49 (instead of €229 per fiscal year).
  • Club Gold: €44 (instead of €229 per fiscal year).
  • Platinum Club: €39 (instead of €229 per fiscal year).

Thanks to this collaboration, you will also have access to these benefits: 

  • Full annual coverage*: unlike other services that require payment for each fiscal year, our price includes coverage of all transactions made since you started using cryptocurrencies.  
  • Priority support: as a Young Platform user, you are entitled to priority customer service. 

*If the number of transactions exceeds 10,000 per year, it will be necessary to request the addition of a further 10,000 transactions for each year in which the limit was exceeded.

How does it work?

Okipo allows you to integrate all wallets, exchanges and blockchains to import all transactions from 2016 to date. 

Through a highly intuitive system, users can connect their crypto wallets and exchanges via CSV files, with detailed guides available to facilitate each type of connection. 

At this point, Okipo imports all transactions automatically, eliminating the need for manual entries and significantly reducing the time spent on tax management. Upon completing the import, users can easily download all necessary tax documentation from 2016 to date, already compiled and ready to be submitted to the tax authorities.

 If you are not a Young Platform user and need more information, you can fill out this form to be contacted by our team, who will help you find the best solution.

Fill in the form

The Transaction Report

The Young Platform Transaction Report records every movement and order made on the platform. This document, which is always available for download in the Fees & Reports section, acts as an accurate statement of account, providing a detailed overview of activity on the exchange. It allows you to track, export and archive your entire transaction history, including deposits, withdrawals and buy, sell and exchange order details. Although it does not directly provide the data required for tax returns, the report is an excellent complementary tool for documenting your activities. It offers a clear and organised view that facilitates the reconstruction and detailed analysis of all transactions.

Download Trasaction Report

Stamp Duty 

Italian legislation introduced several new features, one of which is the 0.2% tax, also known as ‘Stamp Duty’. This tax is linked to completing the RW Form. 

Many Young Platform users have the advantage of already paying for it. The exchange automatically calculates and pays tax on what you own on the Base and Pro exchanges. Simply go to the ‘Tax and Reports’ section to check your balance. If you must pay all or part of the tax, simply deposit Euro in your account by bank transfer or card. 

It is essential to download the payment receipt and attach it to your tax declaration. You can download it from the section free of charge. Please note that other exchanges have introduced this policy to simplify user tax compliance. Therefore, if you use several exchanges, check that they still need to pay the tax for you. In this case, download the payment receipt and attach it to your declaration.

Download the receipt

Club Young Platform discounts 

Club members enjoy fixed discounts when purchasing the Young Platform Tax Report. Here is an overview of the discounts: 

  •  Club Bronze: 10%.
  •  Club Silver: 20%.
  •  Club Gold: 40%.
  •  Club Platinum: 80%.

Discounts are applied in the purchase phase for the report integrated with Okipo and are visible on the partner interface. On the screen, a banner indicates the activation of the discount relative to the Club membership.  

  • Club Bronze: €54 
  • Club Silver: €49 
  • Club Gold: €44 
  • Platinum Club: €39   

We want to draw attention to the fact that these discounts are only applied to the purchase of reports rather than to consulting with accountants.

Subscribe a Club

Consulting with accountants experienced in cryptocurrencies

Many people may have a challenging situation or, more simply, feel more secure if an accountant familiar with crypto regulations is in charge of them. 
You can request an appointment through the dedicated banner. Please note that our accountants’ network has its own pricing plan, which they will inform you about according to your situation. Again, the price will be set according to your specific situation so that you pay in full for what you really need.

Vai a Young Platform Web

YNG Token: Q1 2024 Report

Token Young (YNG): updates and news Q1 2024

The first quarter of 2024 for the YNG token has been eventful. Let’s review what happened and what steps we should take next.

What Happened in the Last Quarter? What were the achievements in Q1 2024? How many tokens were issued, purchased, and sold, and what are the next steps? You can find a comprehensive overview in this report drafted in April 2024.

Young Platform Club Numbers for Q1 2024

YNG is the utility token of Young Platform and provides access to Clubs: subscription plans offering exclusive benefits to our biggest supporters.

As of now, the Clubs consist of 1,687 members divided as follows:

  • Bronze Club: 1,238 members
  • Silver Club: 199 members
  • Gold Club: 122 members
  • Platinum Club: 128 members

To join a Club, it is necessary to lock a certain amount of YNG on the Young Platform exchange. The number of members is crucial for analyzing the token distribution, especially as more people joining a Club reduces the selling pressure on YNG, leading to greater price stability.

Comparing these figures with the past, Q1 2024 has seen significant positive developments in terms of Club adoption on Young Platform. At the end of 2023, the numbers were:

  • Bronze Club: 1,011 members
  • Silver Club: 190 members
  • Gold Club: 121 members
  • Platinum Club: 115 members

Consequently, Club memberships have grown by 17%, with Platinum membership increasing by approximately 11%. This growth makes us optimistic about the future, especially with many new initiatives planned for our most loyal supporters in the coming months.

YNG Token Distribution

As of January, there were approximately 23.3 million YNG tokens in circulation. By April, this number had increased to about 23.5 million, a net increase of approximately 182,937 tokens or 0.8%.

These tokens were distributed through the Young Platform Step app in various ways:

  • 39,379 through completing Quizzes, Challenges, and Up&Down (before the implementation of levels)
  • 143,558 through completing Levels

The YNG token market is managed by an algorithm that defines the exchange rate based on two underlying liquidity pools, one in EUR and the other in YNG. Initially, these pools contained:

  • 1 million Euros
  • 4 million YNG

Considering sales and purchases of tokens in recent months, as of March 2024, the pools contained:

  • 747,000 Euros
  • 5.65 million YNG

This configuration results from purchases and sales made during the third quarter, summarized below along with the price trend:

YNG Issuance in 2023

What happened during the first quarter of 2024 from the perspective of tokenomics. The way the token is issued changed last year following the Step 3.0 update. Now that some historical data is available, let’s see how the introduction of XP has limited the inflation of YNG.

As evident from the graph, the latest Step update has significantly curtailed the distribution of YNG. The issuance of new tokens has decreased by 93%.

YNG Price

From a price action perspective, the first quarter of 2024 has been positive. The YNG token has reversed the downward trend that began in August 2023, surpassing the €0.14 level. In recent weeks, following a shakeup that affected the entire market, YNG experienced a slight correction and is currently at €0.125.

The last rally of the Young token was mainly driven by the growth in Club adoption, coinciding with the launch of the new Smart Trades feature. Discover how this influenced the developments in the following paragraphs.

Achievements in the First Quarter of 2024

During Q1 2024, we reached a significant number of goals and released many new features. This report is an excellent excuse to summarize the work done over the last three months. Let’s look in detail at the initiatives undertaken in 2024 to increase the appeal of our token.

Smart Trades

The milestone of this quarter was the Smart Trades trading feature. A set of trading indicators operates autonomously without human intervention, utilizing mathematical models and pre-programmed instructions.

This feature is particularly useful for reducing drawdowns in one’s portfolio during market crashes. Although we are in a bull market phase, the price of most cryptocurrencies does not only rise but is also subject to more or less violent shakes. This functionality, built to automatically detect market trend changes, can be a valuable ally in shielding from crashes or leveraging them to increase the balance of one or more cryptocurrencies.

Initially available only to members of the Young Platform Clubs, Smart Trades was later opened to all users. Moreover, the number of strategies that can be activated simultaneously is, and will always be, proportional to the Club membership level.

Smart Trades have attracted attention! This is clear if we analyze the latest price movement of the Young token (YNG) and the number of Club members. As previously mentioned, since the launch of the feature, Club memberships have grown by 17%, from 1,437 to 1,687.

Since joining the group of our biggest supporters requires owning and locking a different amount of Young tokens, the launch of the Smart Trades feature has obviously also influenced the price of YNG.

Try Smart Trades

Listing on Young Platform

Given the market rebound, one of our main goals for the last quarter was to expand the range of tokens and cryptocurrencies available for purchase on our exchange as much as possible. In 2024, so far, the following have been listed on Young Platform:

  • THORChain (RUNE)
  • Aptos (APT)
  • Jupiter (JUP)
  • Internet Computer Protocol (ICP)
  • Stacks (STX)
  • Filecoin (FIL)
  • Tron (TRX)
  • Near (NEAR)
  • Sei (SEI)
  • Starknet (STRK)
  • Sui (SUI)
  • Dymension (DYM)
  • Injective (INJ)
  • Fetch ai (FET)
  • Immutable (IMX)
  • Flare (FLR)

To allow our users to expand their portfolios, some of these cryptocurrencies are purchasable and sellable in trade-only mode and cannot be deposited or withdrawn from our platform, as they are currently not supported by our custody provider. This temporary arrangement aims to accelerate the listing process on Young Platform and increase, consequently, our users’ satisfaction level, they will be able to withdraw and deposit the cryptocurrencies in question once our custody partner integrates them.

Over the coming months, we will continue to expand the token offering on Young Platform to allow our users to intercept, well in advance, the new market trends. If you would like to be able to purchase one or more specific cryptocurrencies on our exchange, you can suggest them through our Discord server!


Another activity that we have carried forward during the last quarter is the Missions. A feature designed to make trading on Young Platform increasingly engaging! Currently, taking action on our platform allows you to earn “gems,” which you can exchange in the shop for discounts on trading commissions.

We plan to expand the use cases of “gems” and thus offer increasingly more benefits to users who frequently use our exchange.

Access Young Platform

New fee model

During the first quarter of 2024, we also updated our commission model, pursuing the goal of making Young Platform more competitive in the market and more attractive to traders and investors. To design the new fee model, we also listened to your opinion, through a survey extended to the entire Community.

Discover the new commission model.

Listing of the Young Token (YNG)

In this sense, the main goal remains the one announced in the previous report: to start trading on decentralized exchanges (DEX) by the end of the first half of 2024. The operational plan for this activity is almost ready and will be presented to the company’s management in the coming weeks, to start work between the end of this quarter and the beginning of the next. The mission, in this sense, is to allow our users to explore the on-chain world without having to leave our ecosystem.

This vision is part of a broader evolutionary model that we have been pursuing since the very first day of our story: to guide the user by hand on the journey to discovering this incredible sector. From the very first approach with Young Platform Step and our educational content, through the purchase or sale of digital assets, to the exploration of the on-chain, and therefore decentralized, world.

In this sense, we are preparing a Live dedicated to our biggest supporters, the members of Club Platinum, to collect feedback and suggestions. If you are part of this group but are not yet in the dedicated Discord channel, join and check your emails, you should have received a form!

Young Platform Pro

In recent months, however, we have not neglected Young Platform Pro, our platform dedicated to crypto traders. The team has worked with the aim of introducing some fundamental improvements for those who intend to analyze the price of cryptocurrencies using a professional approach.

In this sense, we have, first of all, renewed our partnership with TradingView, the most used platform to analyze the charts of major assets, including cryptocurrencies. This means that on Young Platform Pro, our exchange dedicated to crypto traders, users have at their disposal all the most famous tools of this powerful, sophisticated, and complete platform; in particular, indicators, tools, sliders, and drawing tools.

The news for our exchange dedicated to traders does not end here. We are conducting a series of interviews to collect suggestions from the most active traders to make Young Platform Pro increasingly a protagonist within our ecosystem.

New Features Coming Up!

In the coming weeks, we expect many new features, some of which have already been anticipated in the previous points of this report. Discover the main ones in detail!

Taxes & Report: the new service for crypto declaration

The milestone for the second quarter of 2024 certainly concerns taxation, given that it is an aspect that we consider fundamental for every investor who wants to operate in compliance with current laws. These have changed frequently in recent years, and it is therefore not taken for granted to know the current situation or to stay updated on all the news.

For this reason, the Tax Report, a product that has been extremely well received by our community, will not only be re-proposed but improved. The goal of this initiative is to make the “Taxes & Report” service the only product necessary to correctly include cryptocurrencies within one’s tax declaration. This is because, in its final version, it will allow exporting all the essential data to compile the document in compliance with regulations, not only the activities carried out on the products of our ecosystem but also all transactions executed on-chain.

Currently, only for our Club members and with a 10% discount, is the presale of the new Tax Report open. This means that, for the next few weeks, only our most loyal supporters will be able to purchase the new Report usable only for transactions carried out on Young Platform and Young Platform Pro. Here are the discounts applied to each Club.

  • For members of the Bronze Club: 10%;
  • For the Silver Club: 20%;
  • For the Gold Club: 40%;
  • For the Platinum Club: 80%.

Until the end of the presale (Club discount + 10%):

  • For members of the Bronze Club: 20%;
  • For the Silver Club: 30%;
  • For the Gold Club: 50%;
  • For the Platinum Club: 90%.

If, however, you use other exchanges, wallets (for example Metamask), or third-party blockchains to manage your cryptocurrencies, we are developing a specific service for you. Thanks to a collaboration with an important Italian partner, it will be possible to connect external wallets in addition to that of Young Platform and import transactions carried out on various platforms. This will allow you to create a single PDF containing all the aggregated data necessary for the compilation of your tax declaration.

We therefore recommend that users who also use other crypto exchanges or wallets wait to purchase the Report, given that the one currently in pre-sale will only be usable for transactions carried out on Young Platform.

The aforementioned discounts for the Clubs refer only to the Tax Report dedicated to transactions carried out on Young Platform and not to the Report, due out in May, which will allow connecting external exchanges and wallets. This is because, as anticipated, we use an external partner to offer this service to our users.

In any case, the cost established by the provider we collaborate with is among the most competitive on the market, and Club members will be able to access other discounts currently being defined.

Join a Club!

Smart Trades: a world in continuous evolution

In the next quarter, we will also focus on the flagship product of the quarter that has just ended. The Smart Trades feature is still in an embryonic state and will see a series of improvements. First of all, the range of available indicators will be expanded, but not only that! We are evaluating the inclusion of more complex and articulated strategies, whose main purpose will be to allow users to increase the balance of users cryptocurrencies thanks to the opportunities that present themselves on the market.

Young Platform and TradingView: the partnership is renewed!

Trading View and Young Platform: Partnership Renewal

Young Platform has renewed its partnership with TradingView, the platform that has revolutionised the way markets are analysed. 

We are proud to announce that our partnership with TradingView, the most widely used platform for analysing the charts of major assets, including cryptocurrencies, has been renewed.

What does this mean in a nutshell? On Young Platform Pro, our dedicated crypto trader exchange, you have all the most popular tools of this powerful, sophisticated and comprehensive platform at your disposal. Indicators, tools, sliders and drawing tools, you have everything you need to fulfil your potential and become a better trader!

What, in short, is TradingView?

TradingView is the world’s most widely used technical market analysis platform. It is an essential resource for traders wishing to consult charts and carry out in-depth analysis to find the right entry and exit points for a position.

TradingView has conquered the market thanks to two key features, especially when dealing with a discipline as complex as trading: ease of use and customizability.

In this sense, it is the perfect tool for novice traders who want to follow the price of a particular asset, such as Bitcoin. It is also perfect for experienced traders who need professional tools, which the platform itself provides.

TradingView and Young Platform: a trading experience without limits 

Another great strength of TradingView concerns its ability to adapt to trading platforms and exchanges, in the case of the crypto world. 

Thanks to this feature, and the resulting collaboration between Young Platform and Trading View, you will find all the indicators and tools you need for in-depth analysis on our exchange Pro. In other words, you can study the charts in one virtual space, finding your setups every time you log in.

You can plot trendlines or use an exponential moving average, for example, to find the perfect time to buy your favourite crypto. No matter how long this scenario takes to play out, once you log in, you will find everything as you left it.

Here are, in detail, the main advantages of integrating TradingView on Young Platform Pro:

  • Enhanced crypto charts: use the many trading indicators at your disposal to perform your technical analysis;
  • All your tools in one place: draw lines or geometric figures, draw, colour certain sections and write your notes directly on the chart;
  • Your drawings and analyses remain there, where you left them;
  • You can view all your open orders directly on the chart and keep track of your trading strategies.

Now that you know how the collaboration between Young Platform and TradingView works and what benefits it brings, you just have to start trading in a, truly, professional manner.
Keep following our blog so you don’t miss upcoming updates to Young Platform Pro to test the indicators, drawing tools and tools by TradingView.

Will Bitcoin reach $100,000 after the halving?

Bitcoin's price after halving

Bitcoin reached a new all-time high in March. Will it reach $100,000 after the April halving?

What happened in March had never happened in history. The price of Bitcoin had never reached a new all-time high before the halving, scheduled for 19 April (the date may still change).

Since the first target (a new all-time high) has already been reached, it is necessary to identify the next one. In this sense, the most sensible one seems to be the $100,000 mark, a key price zone since the last bullish cycle. According to the Stock-to-Flow model, it was the ‘final’ target for Bitcoin’s price. 

Will BTC reach $100,000 after the next halving? We try to answer this question by analysing the halving mechanism, what happened during past cycles and the macroeconomic situation.

Buy Bitcoin!

Halving as a ‘marketing move’

In the past, every halving has had an impact on the price. Not only does the event lead to a reduction in BTC issuance, but it halves it. Certainly, the decrease in Bitcoin’s inflation, which currently stands at around 1.7% and will fall to 0.85% after halving, impacts the asset’s value, especially in the long term. However, the effect this event has on the price of BTC is also different.

Specifically, it can be understood as an arguably unintentional ‘marketing strategy’ of Bitcoin’s creator, Satoshi Nakamoto. This is because Nakamoto designed Bitcoin’s blockchain so that the halving happens suddenly, catalysing attention and stimulating debate around the cryptocurrency. 

In fact, the decrease in BTC issuance does not occur gradually, as is the tokenomics of many other cryptocurrencies, but every 210,000 blocks, i.e. about four years

In this way, halving becomes, by necessity, a major event that every industry enthusiast eagerly awaits. But that is not all. Due to its periodic and regular nature, this mechanism not only punctuates the cyclical price movements of BTC but also attracts the attention of the mass media and individuals hitherto opposed to this technology.

Faced with this scenario, the days leading up to halving represent a potentially strategic moment for those considering buying but cannot decide on the best time. 

Buying Bitcoin now could allow you to position yourself before the combined effect of reduced issuance and increased interest drives possible price appreciation. While the exact outcome of the halving remains uncertain, history suggests that the event could be followed by an upward phase, making these last few days an opportunity for those wishing to buy BTC to consider it carefully.


Follow the Bitcoin price!

The possible imminent interest rate cut

The upcoming halving of Bitcoin comes at a particularly relevant time in history from a macroeconomic point of view. Mainly because interest rates are expected to be cut by the major central banks, including the Federal Reserve (FED) and the European Central Bank (ECB), presumably starting in June. 

This scenario could act as a catalyst for assets considered more volatile or risky, such as equities and, in particular, Bitcoin and other cryptocurrencies. In an environment where high-interest rates offer attractive returns, investors, and significantly institutional investors, tend to prefer safer investments such as government bonds or government securities. 

However, as interest rates and, consequently, the yields offered by these instruments fall, capital shifts towards riskier but potentially more profitable assets.  

This context of falling interest rates opens the door to increased interest from institutional investors in the cryptocurrency market, particularly Bitcoin.

In addition, the recent introduction of Spot ETFs on Bitcoin has proven to significantly impact the price of BTC, further underlining the importance of institutional investment in the sector. These instruments offer a more accessible and regulated means for these actors to access the cryptocurrency market, acting as a bridge between the traditional financial and cryptocurrency worlds.

Consequently, this scenario sets the stage for a potential bullish rally for BTC. Investors attentive to these macroeconomic and market dynamics might find an additional motivation to consider Bitcoin as an integral part of their portfolio in this context.

Bitcoin’s price after halving in history

Finally, to estimate the impact of halving on the price of Bitcoin it may be useful to look back. How has halving affected the price of BTC in past bull markets? To oversimplify the question and provide a straightforward answer, halving has always had a positive impact.

In the months following the first halving in history, which took place on 28 November 2012, the price of Bitcoin rose from a price of $12 to a high of around $1,000

The following year (2016) also positively affected Bitcoin’s price action; the value of BTC reached the historic $20,000 level from the $650 level

The last halving in 2020, although it generated a lower price increase than previous halvings—740% compared to 2,900% in 2016 and 8,300% in 2012—allowed Bitcoin to reach an all-time high of $64,000. On 11 May 2020, the day Bitcoin’s issuance halved, the price of BTC was $8,000.

What will happen in the coming months? Will the halving, cutting of interest rates, adoption of spot ETFs, and thus the entry of institutional investors contribute to Bitcoin’s price increase?

THORChain (RUNE) Now Purchasable on Young Platform – Everything You Need to Know

THORChain (RUNE), one of the most successful DeFi projects regarding blockchain interoperability, has officially been listed on Young Platform and Young Platform Pro. This exciting development means that users can now easily purchase, store, and sell THORChain (RUNE).

THORChain: What You Should Know

THORChain (RUNE) was developed to enable the exchange of cryptocurrencies from different blockchains, which are often inherently incompatible. This has led to the creation of THORSwap, a decentralised exchange (DEX) with an Automated Market Maker (AMM), as the flagship product of this infrastructure.

At the heart of this protocol is the native token, RUNE. It is essential for conducting exchanges as it supports the payment of transaction fees and forms the primary component of liquidity pools.

Furthermore, holding RUNE allows individuals to participate in the decision-making processes regarding the future of THORChain, positioning it at the centre of its governance mechanism.

How to Use THORChain on Young Platform?

Young Platform and Young Platform Pro offer several features for THORChain (RUNE), including:

Embark on your journey with THORChain (RUNE) on Young Platform today. Discover DeFi’s endless possibilities and take part in the future of finance. Join us now and start exploring the dynamic world of THORChain on Young Platform.

Warning! Rune can only be bought and sold but not withdrawn or deposited by and on Young Platform. For more information, please read our Terms and Conditions.

Public debt: which are the seven most indebted countries in the world?

public dept ranking countries

Which countries have the highest public debt? Find out the ranking and where Italy ranks.

Public debt is one parameter that describes a country’s economic situation. It is often mentioned everywhere, with another measure, GDP, which indicates a state’s total productive assets.

But which are the most indebted states, and thus, which is the ranking of the countries with the highest public debt?

Public debt: a problem to be tackled

The ranking of countries by public debt has changed since the COVID-19 pandemic, not so much by the order of the states in the ranking but by the amount of money they owe their creditors. In 2028, according to the International Monetary Fund (IMF), the global debt-to-GDP ratio will reach 100%. This indicator, usually used to analyse the economic situation of an individual state, measures the amount of debt concerning the Gross Domestic Product (GDP), i.e. the total productive assets of a state, over a year.

If the low ratio, GDP is sufficient to repay the annual debt. If, on the other hand, the ratio represents a large gap between debt and GDP, it will mean that production is not enough to repay the debts, and more will have to be demanded, increasing the ratio even further.

The situation is even more severe if we consider the quantitative tightening policies all central Western governments implement to combat inflation. Rising interest rates contribute to increasing government debt costs. If that were not enough, the outbreak of conflict in the Middle East could increase energy and fuel costs and, consequently, government spending. So, what is the ranking of the countries with the highest public debt?

The ranking of the most indebted countries

The countries with the highest public debt are ranked using the debt-to-GDP ratio. The nominal value of this measure taken ‘alone ‘needs to provide information on the real incidence of a state’s debts.

  1. Japan (258.2%)

The country with the highest debt-to-GDP ratio is Japan. The causes of the country’s high debt are to be found in the housing bubble that burst in the 1990s.

  1. Greece (166%)

Greece’s avoided default in 2009 is now a distant memory; the country has certainly improved in recent years. In the second quarter of 2023, it was the second fastest-growing country in Europe.

  1. Sudan (151.1%)

Third in the ranking of countries in terms of public debt is Sudan, which has been severely affected by an economic crisis caused by internal conflicts. This has resulted in policies of international isolation negatively influenced by corruption.

  1. Eritrea (146.3%)

Eritrea is a dictatorship headed by unelected President Isaias Afewerki. In the African state, the authoritarian government has implemented laws that severely restrict civil and political rights. In addition, it imposes long-term compulsory military and civil service, which forces many citizens to flee.

  1. Italy (141.7%)

Our country ranks fifth among the most indebted countries. The Italian public debt reached a new all-time high in February 2023 and, after a slight decline in August, has been rising again since September.

  1. Laos (123%)

The high ratio of public debt to GDP in Laos is mainly caused by the country’s structural challenges of macroeconomic instability. Despite this, however, the situation could improve as tourism in the country is expected to pick up again.

  1. USA (122.2%)

Seventh on the list of the most indebted countries is the United States, which, like Italy, is pursuing quantitative tightening policies to combat inflation. One of the weak points of these policies is debt. As interest rates rise, so do the states’ liabilities.

Now that you know the ranking of the most indebted countries, you can delve deeper by reading our dedicated Academy article. This starts with a simple definition and then deals with the history of Italy’s public debt.

Falling inflation in France and Italy: early rate cut?

ECB meeting forecast April 2024 after inflation drop

ECB meeting April 2024: interest rates unchanged

The recent drop in inflation rates in France and Italy has ignited a lively debate about possible moves by the European Central Bank (ECB), with much attention focused on the At the last ECB meeting in April 2024, the Governing Council decided to keep the three key interest rates unchanged.

This decision came despite the recent drop in inflation rates in France and Italy. In fact, the picture in March sparked a lively debate on possible moves by the European Central Bank, pointing to the possibility of an early rate cut. This discussion comes against a backdrop of Europe actively trying to balance economic growth with controlling inflation, a topic of considerable interest to investors, policy-makers, and consumers.

The European panorama

The eurozone witnessed a significant reduction in inflation in 20 nations, which fell to 2.4% in March. This result exceeded analysts’ expectations, who had forecast a stable inflation rate of 2.6%  

This is consistent with the inflation trend, which has shown a steady decline since its peak of 10.6% in October 2022, driven by pandemic disruptions and geopolitical tensions, particularly Russia’s invasion of Ukraine. 

A further decline is therefore encouraging and marks a moment of optimism, which the ECB meeting in April 2024 confirmed. 

Indeed, the Council pointed out that most measures of core inflation are showing signs of easing, with wage growth moderating gradually and companies beginning to absorb some of the increase in labour costs into their profits.

The demand-pulling effects of previous interest rate hikes, together with tight financing conditions, are helping to moderate inflation. Nevertheless, domestic price pressures remain strong, particularly in the service sector, keeping service price inflation at high levels.

Falling inflation in France

In France, inflation slowed to its lowest level since July 2021, with consumer price growth slowing to 2.3% in March from 3.2% in February, according to the national statistics agency. This was well below economists’ forecasts, which expected a figure of 2.8%, signalling a general slowdown in price increases. In particular:

  • services inflation dropped to 3%
  • that of energy at 3.4% 
  • and a significant decrease in food inflation to 1.7 per cent, with fresh food prices falling by 3.9 per cent year-on-year.

Month-on-month inflation data further confirmed the trend, slowing from 0.9% to 0.3%, indicating a considerable easing of inflationary pressures in the eurozone’s second-largest economy.

Falling inflation in Italy

Italy also reported a lower-than-expected inflation rate for March, with consumer prices rising by 1.3% year-on-year, against forecasts of 1.5%. This moderation was attributed to the end of seasonal clothing sales and price increases in transport services, along with a slowdown in falling energy costs.

ECB rate cut decisions

The interest rates on the main refinancing instruments, the marginal lending facility and deposits will remain fixed at 4.50 %, 4.75 % and 4.00 % respectively. 

Furthermore, according to statements given at the press conference following the meeting, the Council believes that inflation levels in the coming months will still fluctuate around current levels. The decline in inflation will not be linear and will therefore have to be assessed on a case-by-case basis. In all likelihood, the target level of 2% will only be reached next year. 

François Villeroy de Galhau, Governor of the Bank of France, hinted at the possibility of a rate cut in June, provided inflation continues to fall faster than expected and the economy remains stagnant. He emphasised the importance of not overburdening economic activity by maintaining a tight monetary policy for a prolonged period.

Speaking at a financial event in Barcelona, Pablo Hernández de Cos outlined a scenario where June could see the start of interest rate cuts by the ECB. As Governor of the Bank of Spain, De Cos’ outlook carries significant weight, highlighting a cautious but optimistic approach to the Eurozone economy.

Wage growth and inflation

Despite encouraging signs of cooling inflation, ECB monetary policymakers remain

Despite encouraging signs of cooling inflation, the ECB’s monetary policymakers remain cautious, particularly as wage growth gradually moderates. Companies are starting to absorb some of the increase in labour costs with their profit margins. 

With service sector inflation down only slightly to an annual pace of 3.9% in February, the central bank is taking a measured approach, probably waiting until June to reassess wage pressures and their potential to bring inflation closer to the target.

Market expectations and ECB position

Analysts believe that the biggest complication could come if the US Federal Reserve delays its policy easing to keep up the fight against inflation. For this reason, they believe the ECB will not cut rates before its big sister. 

To the supporters of this interpretation, ECB President Christine Lagarde replies: ‘We are data-dependent, not Fed-dependent’. She adds, ‘We do not speculate what other central banks might do. (…) Different factors drive inflation in the US and the Eurozone. (…) It cannot be assumed that Eurozone inflation will mirror US inflation.”

After the ECB decision, money markets were pricing about a 70% chance of a 25 basis point rate cut in June, compared to about an 80% chance earlier on Thursday.

Experts such as Carsten Brzeski, global head of macro at ING, suggest that the March inflation data, combined with upcoming information on wage growth and ECB staff forecasts for GDP and inflation, are tilting the narrative towards a first rate cut in June. Kamil Kovar of Moody’s Analytics interprets the latest data as a significant step towards defeating inflation, advocating up to five rate cuts this year.


The ECB’s decision to keep interest rates unchanged and to continue with a measured monetary policy reflects a careful assessment of current economic conditions and the inflation outlook. By committing to a flexible and data-driven approach, the ECB underlines its determination to ensure lasting price stability by balancing the needs for economic growth with its responsibility to keep inflation under control. The ECB’s future moves.will be awaited with great interest, as Europe navigates through complex economic challenges, seeking to ensure a sustainable recovery and long-term stability.

Deciphering the ECB: Interest Rates, Inflation and What it Means for You

Deciphering the ECB: Interest Rates, Inflation and What it Means for You

On 11 April 2024, the European Central Bank (ECB) is set to make a decision that could affect the economy across Europe. Recent data showing a surprising drop in inflation rates in France and Italy are growing speculation about a potential interest rate cut. This article explains the basics of the ECB’s role, inflation dynamics, and the possible impacts of upcoming policy decisions.

The European Central Bank explained

The ECB guards monetary stability for the Eurozone countries, ensuring that the euro remains a stable and reliable currency. Its main tool for achieving this goal is manipulating interest rates, a lever that directly influences economic activity across the continent.

The importance of ECB decisions

The ECB’s decisions have repercussions for the entire economy, from the expansion of companies that borrow to invest in their businesses to interest rates on personal savings accounts or mortgages

The adjustment of interest rates can, in fact, stimulate economic growth by making borrowing cheaper or, on the contrary, cool an overheated economy. In other words, the health of the economy, reflected in employment rates, business growth, and consumption, is directly influenced by ECB policies.

ECB impact on markets 

The ECB’s decisions affect not only the traditional economy but also the investment world, including cryptocurrencies

When the ECB changes interest rates, it affects how people invest their money. If interest rates are low, it costs less to borrow money, which may make investing in stocks or real estate more attractive. On the other hand, if rates rise, keeping one’s savings in bonds with lower risk rates may become cheaper.

Although cryptocurrencies belong to a market that is considered more volatile, they are not insulated from the effects of these policies. The ECB’s decisions may influence investors’ risk appetite: in times of low rates, some may seek higher returns in cryptocurrencies, while in times of higher rates, they may prefer investment options considered safer.

The element that most influence interest rate decisions is inflation

The role of inflation and its effects

Inflation measures how much more expensive goods and services have become in a given period. A certain level of inflation is normal and even desired in a healthy economy, as it indicates growth. However, too high or too low inflation can signal trouble, affecting everything from your grocery bill to your savings.

High inflation means your money is not worth as much as before, affecting how households plan their budgets and the future. To manage inflation, central banks such as the ECB adjust interest rates. Lowering rates can encourage spending and investment by making borrowing cheaper while raising rates can help cool a sluggish economy.

How to monitor ECB decisions 

To monitor these dynamics, you can use Young Platform. As an app and on the web, Young Platform offers free membership and publishes updates that allow you to monitor the impact of economic news on cryptocurrency prices in real-time. Additionally, on the Young Platform website, all content, news, and in-depth articles are free, providing a valuable resource for staying informed.

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Another useful strategy is to mark the dates of upcoming ECB meetings on your calendar or follow live press conferences. This allows you to be among the first to understand the ECB’s decisions and how they might affect the market, including cryptocurrency.

The current economic scene

Recently, there was a positive surprise for the Eurozone economy, including in countries such as Italy, France, and Germany. Inflation, i.e., as we have seen, how fast the prices of goods and services such as food, clothes and petrol rise, fell more than everyone expected in March 2024, to 2.4%. Experts thought it would remain at 2.6 per cent. The core inflation rate, which excludes volatile components such as energy, food, alcohol and tobacco, also decreased from 3.1 per cent to 2.9 per cent. This might seem like a small change, but it has great significance.

  • France: inflation slowed down significantly, with declines in the prices of services, energy and food.
  • Italy reported lower-than-expected inflation rates, following a similar trend to France.
  • Germany has the largest economy of all the Eurozone countries and saw prices increase by only 2.2%, the slowest pace in three years. 

When inflation falls, it means that price increases slow down. For people, this might mean that the money they earn ‘lasts longer’ and that they notice fewer price increases when they shop daily. Inflation cooling in more than two major Eurozone economies has led to more speculation about the ECB’s next step.

What would an ECB rate cut signify?

Interest rates influence how much it costs to borrow money. When they are low, people and companies can borrow more easily to buy a house or invest in new projects.

Thus, if the ECB decided to lower short-term interest rates, it could make loans and mortgages cheaper, stimulating economic growth. However, for savers, this could mean lower returns on savings accounts.

Some numbers to watch out for 

Despite the good news, not all sectors are slowing down similarly. Inflation in services, such as restaurants and transport, remained more or less the same, showing that wages can still push up prices in some areas. The ECB needs to consider this carefully, as such an increase could result in a postponement of the interest rate cut.

The labour market 

While discussing inflation and interest rates, we have to consider another important factor for this picture: the labour market. In February 2024, the number of people out of work in the euro area was 6.5 per cent, slightly lower than last year. This means that, despite everything, people are finding jobs, which is a good sign for the economy. However, the forecast for March given by Istat is not the best, with a provisional 7.5% unemployment rate.

The difficult task of the ECB 

Not all Eurozone countries experience the same situations and have the same economic climate. This difference between countries is crucial for the ECB when considering interest rates. It has to ensure that whatever decisions it makes work not only for countries with inflation problems but also for those doing well. The ECB has the complicated task of keeping everything in balance without causing problems in any area.


All of this affects us closely, from falling inflation to stable unemployment rates and differences between countries. It affects how much the things we buy cost, how easily companies can grow and, ultimately, how many people can find work. While we wait to see what the ECB decides, we can be sure its actions will directly impact our personaleconomy, investments, and jobs.

ECB meeting: results of the March 2024 conference

ecb meeting march 2024

This article explores the outcome of the ECB’s March 2024 meeting, scheduled for 7 March 2024, by analysing decisions on interest rates, asset purchase programmes and adjustments in operational frameworks. As the eurozone faces inflationary changes and economic growth trajectories, understanding the ECB’s strategic responses is crucial for financial professionals, investors and policy analysts.

ECB Monetary Policy Decisions  

In a move closely watched by markets and policymakers, the ECB Governing Council kept key interest rates unchanged, reflecting a nuanced approach to the fragile eurozone economic recovery and falling inflation. 

The decision to keep the rates for the primary refinancing operations, the marginal lending facility and the deposit facility at 4.50%, 4.75% and 4.00%, respectively, underlines the ECB’s cautious optimism and commitment to price stability.

This decision is based on a complex economic environment characterised by declining inflation but persistent domestic price pressures, particularly wage growth. 

The latest staff projections indicate a downward revision of inflation rates for the coming years, with an average expectation of 2.3% in 2024. These provide a glimpse of the ECB’s challenges. The figures and softened growth forecasts underline the delicate balance the ECB aims to strike between supporting economic growth and keeping inflation within its target.


A significant part of the adjustments to the ECB’s monetary policy instruments concerns the Asset Purchase Programme (APP) and the Pandemic Emergency Purchase Programme (PEPP). The decision to let the APP portfolio decline aligns with a gradual normalisation strategy, moving away from pandemic-era monetary support measures. The gradual reduction of the PEPP portfolio, scheduled to decline by EUR 7.5 billion per month in the second half of 2024, indicates the ECB’s intention to withdraw cautiously from expansionary monetary stimulus, reflecting a response to the improving, albeit still precarious, economic landscape.

The ECB’s approach to refinancing operations was also reviewed. This analysis underlines the ECB’s efforts to refine its monetary instruments better to align them with current and projected economic conditions, ensuring that liquidity provisions to banks are consistent with broader policy objectives.

These programme adjustments are not merely technical changes but signal a deeper transition in the ECB’s policy paradigm. The ECB navigates towards normalisation by carefully scaling back asset purchases and recalibrating refinancing operations while remaining nimble enough to respond to new economic shocks or developments.

Economic Outlook 

The March 2024 meeting also highlighted the ECB’s long-term strategic planning, mainly through changes to its operational framework for implementing monetary policy. 

The sluggish growth forecast in 2024 suggests a euro area grappling with internal and external pressures, from high government debt ratios to global trade uncertainties. However, the anticipated rebound in consumption and investment from 2025 to 2026 reflects confidence in the region’s underlying economic resilience and the expected easing of inflationary pressures.

This section of the ECB report emphasises the role of supportive fiscal and structural policies alongside monetary strategies. The ECB’s call for rapid implementation of the Next Generation EU programme and greater integration in banking and capital markets emphasises the multifaceted approach needed to address current economic challenges and strengthen long-term growth.


The March 2024 ECB meeting encapsulates a critical moment in the eurozone monetary policy landscape. By maintaining interest rates, refining asset purchase programmes, and refinancing operations, the ECB carefully balances its immediate responses to current economic conditions with its long-term strategic objectives. 

As inflation rates adjust and economic projections evolve, ECB policies will be crucial in shaping the euro area’s path to recovery and stability.

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Euro-dollar exchange rate, experts’ forecasts for 2024

Euro-dollar exchange rate forecasts

Experts’ forecasts for the euro-dollar 2024 exchange rate: which currency will be stronger? 

What are the forecasts for the EUR/USD exchange rate in 2024? As always, experts in the currency market and beyond closely monitor the EUR/USD exchange rate. Every movement of the quotation is constantly analysed, as is the continuous strengthening and weakening of one currency against another. For this reason, and because of their interest in the pair, experts make their forecasts on the EUR/USD exchange rate every year. 

Euro-dollar exchange rate: forecast 2024

Before analysing the forecasts on the euro-dollar exchange rate, it is necessary to make a few theoretical clarifications. EUR/USD is the abbreviation for the euro-dollar exchange rate, i.e. the rate that indicates how many dollars are needed to buy one euro. In this currency pair, the euro is the ‘base currency’, and the dollar is the ‘quoted currency’. If, for example, the rate is 1.5, it means that $1.5 corresponds to 1 euro.

Forex investors study the euro-dollar exchange rate, generally used to calculate a currency’s strength. This metric is influenced by central bank monetary policies, such as interest rate rises, and macroeconomic conditions, such as inflation or the bond yield spread between the US and Germany. Specifically, when a central bank raises interest rates, money in circulation decreases, increasing its value.

What do the major investment banks’ forecasts on the euro-dollar exchange rate for 2024 tell us? In general, is the euro expected to continue gaining ground against the dollar, or will we see the opposite scenario?

If you are also interested in digital currencies, Young Platform allows you to check the Euro Bitcoin exchange rate and the rates of the best cryptos on the market. 

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Morgan Stanley’s forecasts

According to Morgan Stanley analysts, unlike in 2023, USD will regain lost ground against EUR in 2024.

Their forecast on the euro-dollar exchange rate sees the pair reaching 1 in the coming months. Therefore, the euro’s descent that began at the end of November 2023 will not stop. 

Bank of America and ING

On the other hand, Bank of America (BoA) expects a still relatively strong euro in 2024. The exchange rate estimate is 1.10 and 1.15 in 2024. Several elements could alter these assumptions, but the main one is related to interest rates. BoA analysts think that the Fed’s rate cut, which will take place, again according to them, from June 2024 onwards, will undermine the strength of the dollar. The lower the rates, the more liquidity there should be in the markets, which would favour investments in riskier assets and a drop in demand for the US currency.   


JPMorgan’s euro-dollar exchange rate forecast from October begins with the realization that the dollar could return strong in 2024 after the crash of 2022/2023.  

The main cause is the war in the Middle East and the possible increase in energy prices. JP Morgan’s forecast for 2024 has a precise price target: 1.00 in the first months of the year. This would translate into a 7% increase in the dollar’s value. 


ABN AMRO Bank economists, on the other hand, raised their forecasts for the euro-dollar exchange rate. The bank expects the Federal Reserve and the ECB to start lowering interest rates with the arrival of the New Year. This hypothetical situation would not favour either currency. The exchange rate is expected to settle at 1.05 at the beginning of the year and reach a high of 1.10 in the final quarter.