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Bitcoin Daily: New Zealand Might Change Crypto Tax Rules; Singapore Rules Against eCurrency Operator; ConsenSys To Use Crypto In Healthcare Projects

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New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. That means a “double tax” could later be applied with income tax, after the coin has changed hands.

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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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Bitcoin Daily: Coincheck Expected To Accept Takeover Bid, US Taxes For Cryptos To Top $25B

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The company makes intelligence software that traces transactions on the blockchain — and helped get to the bottom of Mt. One of its new products – dubbed KYT for “Know Your Transaction” – reportedly offers real-time feedback on the purpose of blockchain transactions and works with the transaction processing engines of exchanges.

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NEW REPORT: H&R Block On Offering Smarter, Faster Tax Refunds

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In the rideshare market, for example, Uber and Lyft are allowing drivers to get paid more quickly, and with greater flexibility, than waiting for payday to roll around. Blockchain is also being viewed as a potential solution for introducing smarter payment capabilities, with several companies filing patents for their own solutions.

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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. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

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The Blockchain Wave Isn’t Always Smooth Sailing

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Just like the volatility of bitcoin, the world of blockchain is no stable place. Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. Blockchain Ups. Blockchain Downs.

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Supply Chain, Linked and Billed Via Blockchain

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Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. One customer is on SAP, for example, and perhaps another firm is operating with QuickBooks.