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Thailand Govt Eyes Blockchain To Track Taxes

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As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. Bread By Blockchain.

Taxes 141
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EY Secures Biz Transactions On Public Blockchains

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A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

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Blockchain Makes Inroads Into Banking

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In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. IoT Gains Traction With Blockchain.

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

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China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project.

Taxes 109
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Crypto Fails To Impress For Corporate Tax Payments

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to allow businesses to pay their corporate taxes in bitcoin. “We really want to roll out the red carpet, and welcome all sorts of blockchain companies to Ohio — not just in the cryptocurrency space, but in a variety of different use cases,” he said. . However, the adoption curve is undoubtedly driven by consumers.

Taxes 145
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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

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We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Uber was ordered to stop securing business in Colombia via its popular ride-hailing app. Behind Sysco’s Spend Management Switch To Cards. Did Blockchain Peak In 2019?

Taxes 101
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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

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China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

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