PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. Because of the new campaign, Petro’s usage has seen a surge in recent days, according to the report.

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Taxes Bitcoin cryptocurrency New York 160

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments. I think this is a problem that requires a lot of solutions and a lot of layers of security.

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Taxes Bitcoin blockchain Seattle 100

PYMNTS

JANUARY 7, 2020

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 blockchain Taxes Austin 132

PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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blockchain System Bitcoin Taxes 160

PYMNTS

JUNE 13, 2019

The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. AI Solutions for Balancing Security and Convenience. Blockchain-Based Security Methods. More than 4.5

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Security blockchain San Francisco United States 129

PYMNTS

JANUARY 22, 2018

Royal Dutch Shell is boosting its position in the world of blockchain through an investment in distributed ledger startup Applied Blockchain. According to Forbes reports , Shell’s trading unit, Shell Trading International, secured a minority stake in the U.K. tax reform — a decline to the tune of $2.5

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blockchain Taxes Industry Technology 135

PYMNTS

MARCH 14, 2018

.” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. This balance of optimism and realism is taking over the blockchain space as of late. But the segment also warned to temper the hype with healthy skepticism.

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blockchain cryptocurrency Regulation Taxes 129

PYMNTS

JULY 14, 2019

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. at the World Bank. ”

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blockchain Bitcoin Fraud social media 140

PYMNTS

FEBRUARY 24, 2017

As such, there will likely always be some form of a well-manicured security system in place. Blockchain technology keeps a high level of detail in its records of all financial transactions made. One of the arguably best parts about public blockchain technology is that it’s usually not controlled by one particular entity.

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blockchain Industry Technology Security 184

PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug.

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blockchain Taxes Regulation Report 101

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

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Security Bitcoin Taxes United States 130

PYMNTS

APRIL 4, 2018

In their place has risen a new system of exchanging funds that have made payments faster, more efficient, more secure and, above all, smarter. They often use APIs, include heightened security measures, are flexible and capable of finding the most appropriate payment rails, and use models that maximize the payment value.

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Taxes Report System blockchain 100

PYMNTS

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. Telegram is challenging the SEC’s assertion that Grams is a security. In other news, Bermuda will now accept one-to-one U.S.

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blockchain Samsung Bitcoin Innovation 101

PYMNTS

JULY 25, 2018

The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. In the telecom world, South Korean firm KT said it has applied blockchain to its commercial network. In this case, cryptos will be used for tax returns and municipal payments.

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blockchain Google cryptocurrency New York 109

PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

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blockchain Fraud Data Report 148

PYMNTS

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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blockchain Bitcoin Capital Taxes 109

PYMNTS

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. billion raised.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

DECEMBER 27, 2019

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. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

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Taxes Mobile Management blockchain 101

PYMNTS

APRIL 17, 2018

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.

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blockchain Data Bitcoin Taxes 130

PYMNTS

APRIL 17, 2019

Blockchain got a few mentions during IBM’s conference call with analysts after earnings were released Tuesday (April 16) after the markets closed. The firm does not break out the revenue contribution of efforts that are driven by and embrace AI or blockchain. percent year on year. Cloud revenues are at $19.5

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blockchain System Taxes Software 100

PYMNTS

JANUARY 10, 2018

Just like the volatility of bitcoin, the world of blockchain is no stable place. In this week’s Blockchain Tracker , PYMNTS looks at the ups, downs and incoming regulatory efforts surrounding DLT. In this week’s Blockchain Tracker , PYMNTS looks at the ups, downs and incoming regulatory efforts surrounding DLT. Blockchain Ups.

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PYMNTS

JANUARY 8, 2020

8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology.

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blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

MAY 10, 2017

Némethi had never been a migrant, but he had been an immigrant — and he knew that something as simple as securing a bank account is not so simple for a stranger in a strange land. “It It was still three months before I could get a proper Norwegian bank account because I was temporary tax member. The Power of the Blockchain.

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blockchain System social media Mobile 155

PYMNTS

DECEMBER 1, 2017

From a firm that targets accounting for blockchain companies to a social network for farmers, investors certainly diversified their funding targets. But there is a clear common thread among the B2B startups that secured fresh funding this week: data analytics. Blockchain. billion valuation.

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Analytics blockchain Data Big Data 118

PYMNTS

JUNE 16, 2016

The outlet cited recent efforts by the Chilean government to develop a mobile application to enable businesses to submit tax documents — including invoices — via mobile device. Finally, the outlet noted, eInvoicing is beginning to play an important role in the adoption of blockchain technology.

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blockchain Taxes Mobile Trends 100

PYMNTS

JANUARY 21, 2021

Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax.

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Nebraska Bitcoin cryptocurrency blockchain 142

PYMNTS

FEBRUARY 3, 2020

As Vasir explained, this enables employees to not only take control of various HR functions, including benefits management, taxes and retirement fund contributions, but at the broader level, reconnects those employees to having control over their own data. A New Data Security Paradigm.

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Data Security Taxes blockchain 184

Abrigo

JANUARY 6, 2017

To be certain, many accountants could make a full-time job out of simply trying to understand the various types of technology that can make their personal lives easier and their practices more profitable and secure. These three trends are: the progress of blockchain technology, the continued shift to the cloud, and advances in automation.

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Trends blockchain Taxes Survey 218

PYMNTS

JANUARY 2, 2020

5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

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Insights on Business

SEPTEMBER 8, 2016

The number of participants that are required to be involved across banks, insurance companies, brokers, land registries, government tax authorities, and other intermediaries is incredible, not to mention the ever present danger that the seller of the property may not be the actual owner of the property being sold.

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blockchain Study Taxes Capital 79

PYMNTS

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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Marketing cryptocurrency social media blockchain 179

PYMNTS

JANUARY 4, 2019

Members of the group will include “technologists, consumers, institutional and small investors, large and small blockchain enterprises and academics,” he said. Cryptocurrencies and blockchain technology will, without a doubt, greatly impact finance and many other industries across the globe for years to come,” Samuels said.

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cryptocurrency New York New York City Study 163

PYMNTS

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. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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PYMNTS

AUGUST 13, 2019

Companies that opt to pay employees in crypto will be able to deduct tax under the country’s pay-as-you-earn income tax scheme. In other news, blockchain-based remittance service Velo is entering into the cross-border remittance market in Southeast Asia, which has seen over $65 billion is remittances each year. And the U.S.

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Bitcoin Taxes cryptocurrency blockchain 123

PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

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cryptocurrency Payments blockchain Compliance 175

PYMNTS

AUGUST 10, 2018

Coverage includes Amazon opening up voice applications for iOS users, Overstock’s blockchain unit nabbing a huge investment, Intuit securing a bitcoin processing patent, Facebook and L’Oréal using augmented reality for makeup tests and Dish accepting Bitcoin Cash as payment. Intuit Secures Patent for Bitcoin Payment Processing.

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social media Bitcoin blockchain Capital 101

South State Correspondent

FEBRUARY 14, 2022

As we discussed in our primer on defi and blockchain ( HERE ), part of the allure of cryptocurrency is that it transfers the payment’s message (information about the transaction) and value simultaneously. Banks will have the scale, security, and sophistication to be a trusted guardian of this information.

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blockchain cryptocurrency Data Payments 195