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JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. This is a really seismic shift.”. We've gone from [trade + 5 days to settle, to trade + 2 days].

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JANUARY 10, 2018

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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OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. dollar-backed digital currencies for the payment of government taxes, fees and services. Technology is the future. Despite the SEC knowing for 18 months that if the TON Blockchain did not launch by Oct.

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AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data.

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JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology. In documents released Tuesday (Jan.

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NOVEMBER 11, 2019

Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform.

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AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

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JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. In November , India’s Minister of state for electronics and IT (MeitY) announced that the government is drafting a national framework to expand the deployment of blockchain use cases.

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JULY 12, 2018

He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world. Organizations such as CVA endeavor to welcome crypto firms by “creating a soft landing ground for blockchain companies in Zug,” Bussmann said.

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JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride.

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NOVEMBER 29, 2017

Payments for goods between suppliers, wholesalers and retail distributors are in cash; payments to employees are in cash; tax payments are in cash; even paying the power company and water bill are contingent on cash. Ralston argued it’s a situation blockchain technology is uniquely well-suited to solve.

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JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

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JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. Without a doubt, blockchain and digital currencies will engender greater financial inclusion and economic growth not unlike the internet’s historic impact,” the letter said. “As

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AUGUST 14, 2019

New Zealand will now allow employers to compensate their workers in cryptocurrency, reports in Blockchain News said Tuesday (Aug. New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency. dollars or another fiat currency, and then convert into NZD.”.

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JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. The new banking options are largely built around blockchain technologies. Avanti made its Wyoming intentions clear in February. ”

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered. Technology brings the concept of flexible payments into reality. Morgan (Onyx is a new J.P.

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FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. which the institution plans to deploy in its corporate payments operation.

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AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. If a voluntary fund cannot be established, a transactional tax should be imposed to fund the initiative.”.

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JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

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APRIL 24, 2017

After all, meeting fair-trade regulations and standards is all about making sure that the right hands get rightfully paid for their work. And in order to do that, using technology like blockchain tracking, mobile wallets and digital payments go a long way — something that Bext360 has built its supply chain model around. “I’m

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MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

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NOVEMBER 12, 2018

This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7 The Nassau Guardian reported that the framework will address many of the regulatory challenges the bank associates with crypto, including tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies.

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OCTOBER 14, 2019

John King, Ernst & Young Americas ’ vice chair for assurance, wants to see more consistency from the country’s audit regulator, the Public Company Accounting Oversight Board (PCAOB), and has called for a retooling of out-of-date quality control rules that are more in line with international standards.

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DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

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JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered. Technology brings the concept of flexible payments into reality. Morgan (Onyx is a new J.P.

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NOVEMBER 12, 2019

The blueprint for the proposed digital currency seems to offer Beijing extraordinary supervision over the flow of money, giving regulators economic control that most central banks do not have. “We I think you will see it very soon, in the next maybe two to three months,” Lee told CNBC at the FinTech Festival on Monday (Nov 11).

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SEPTEMBER 15, 2017

Hodlers have hodled through a hard fork in the blockchain, which spawned Bitcoin Cash on Aug. A hard fork is when the blockchain splits into two separate chains due to a radical change in protocol — often introduced to address a cybersecurity vulnerability. Last week, Chinese regulators went one step further and banned ICOs.

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JULY 9, 2018

It’s been just a few weeks since the General Data Protection Regulation (GDPR) took effect — and speed bumps remain. On a country-specific basis, Thailand last week said it debuted regulations on digital tokens, slated to take effect a week from now on July 16. should have a “public-facing chief blockchain officer.”

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MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. Because he believes there should be proper protection and regulation over them.

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MAY 18, 2018

Blockchain. Cambridge Blockchain. A $7 million Series A financing round for digital identity startup Cambridge Blockchain was announced this week, with Taiwan-based manufacturing conglomerate Foxconn leading the investment through its funding unit. Partech and Digital Currency Group also participated in the round, reports said.

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APRIL 30, 2018

In this world, the only things certain are death and taxes. Blockchain. Blockchain. Take the blockchain. An alien landing on Earth and reading the popular tech press would be thoroughly convinced that blockchain is the biggest thing to have happened here since the invention of indoor plumbing. Benjamin Franklin.

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DECEMBER 20, 2017

Malibu, California-based Crypto calls itself “one of the first publicly traded technology companies” providing investors with “responsible access” to digital currencies and blockchain. According to Reuters, the regulatory body has decided not to regulate the trade of virtual currencies. The company has a valuation of $11.9

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JANUARY 20, 2016

The British Government’s Chief scientific adviser, Sir Mark Walport , has published his Government Office for Science report on “ Distributed Ledger Technology: beyond blockchain ”. From Report Urges UK Government to Test Blockchain Tech – CoinDesk ]. Sir Mark says that permissioned ledgers (i.e.,

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NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Faster payment technologies make payroll “faster and cheaper,” she said.

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JANUARY 29, 2018

Headlines swirl around the price of bitcoin and its cryptocurrency cousins, around psychological barriers tied to $10,000 thresholds, around raids on suspect operators, around tax rates in South Korea and hacks of crypto exchanges. May there be an opportunity to play on existing and regulated rails? Operating as a U.S.

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Tomorrow's Transactions

DECEMBER 7, 2016

As I had contributed to the Parliamentary Office of Science and Technology (POST) work on shared ledger technologies (SLTs), I had been invited to the House of Lords for a slap-up full English and a discussion on the topic with assembled Lords and Commons. Sir Mark had published a report on the technology earlier in the year. .

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