Phrases with «underground economy»

The phrase "underground economy" refers to the part of economic activity happening secretly or illegally, without being recorded or regulated by the government. It includes activities like illegal trading, unpaid work, and tax evasion. Full definition

Sentences with «underground economy»

  • Lately, the Chinese government has expressed its optimism towards releasing a licensing program for cryptocurrency exchanges to prevent cryptocurrency transactions flowing into underground economies and black markets. (bitcoinprice.com)
  • Of course, digital currencies have enabled some drug trade, of which observers do not yet understand as a new wave or just an extension of the existing underground economy. (cryptotimes.news)
  • Their debt will become our debt, as they fail to repay, go into default, and become part of underground economies that do not pay taxes and exact substantial strain on our neighborhoods and communities. (educationnext.org)
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