Plans to extract data from exchanges will enable authorities to audit traders themselves, should questions arise over tax payments. Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a statement on April 30. The ATO, […]
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There has been a 47% rise in cross-border payments from U.S. crypto exchanges to offshore exchanges since early 2017. There has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was reported in the latest […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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In the full fiscal year ending on March 31, 2019, SBI Virtual Currencies recorded a profit before tax of around $3.2 million. New Japanese crypto exchange SBI Virtual Currencies (SBIVC) achieved profitability in the first year of its launch, Cointelegraph Japan reports on April 26. SBIVC exchange, launched by Tokyo-based financial services giant SBI Holdings, […]
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Philip Morris’ global head of architecture and tech innovation revealed that the firm wants to apply blockchain in tax stamp tracking. International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26. Philip Morris International is looking to implement emerging technologies […]
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The new bill would allow the state government and other government entities to implement blockchain solutions. A new bill introduced on April 24 in the American state of Ohio’s House of Representatives would, if passed, allow the state government and other government entities to implement blockchain solutions in the exercise of their authority. According to […]
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John McAfee says he is holding back on plans to reveal the real identity of bitcoin’s creator for fear it will expose him to further lawsuits. American entrepreneur and stalwart crypto advocate John McAfee says he is holding back on plans to reveal the real identity of bitcoin (BTC) creator Satoshi Nakamoto, for fear it […]
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Guangzhou issued a business license using blockchain and artificial intelligence technology supported by WeChat. Major Chinese city Guangzhou has issued a business license using blockchain and artificial intelligence (AI) technology, local news agency Sohu reports on April 22. The license was issued at the administrative center of Huangpu District, Guangzhou, and represents the first blockchain […]
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France’s Minister of State for the Digital Sector says he is open to cooperating with crypto exchanges to enable crypto donations for the reconstruction of the Notre Dame cathedral. France’s Minister of State for the Digital Sector, Cédric O, has said he is open to cooperating with cryptocurrency platforms to enable crypto donations for the […]
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Law firms are reportedly having trouble keeping up with cryptocurrency and blockchain industry demands for lawyers. Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site […]
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