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South Korean Tax Specialists Advocate for Lowered Crypto Taxation

South Korean Tax Specialists Advocate for Lowered Crypto Taxation

Members of the Korean Tax Policy Association are calling on the government to consider applying a low-level tax on crypto transactions. The South Korean administration is contemplating taxing cryptocurrencies as part of its tax reform plan for 2021, but specialists feel it requires in-depth conceptualization.

Chainalysis Launches Program to Help Law Enforcement with Monitoring and Storing Seized Crypto Assets

Chainalysis Launches Program to Help Law Enforcement with Monitoring and Storing Seized Crypto Assets

Chainalysis has launched an asset realization program intended to assist government agencies with monitoring and storing seized crypto assets.

What is CBDC?

What is CBDC?

CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government).

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.

Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.

Bank of America Plays Ripple Project Close to Chest

Bank of America Plays Ripple Project Close to Chest

Bank of America (B of A) has been keeping its blockchain contingency plans under wraps for the better half of a decade.

Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward

Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward

Tribe Accelerator is Singapore’s first government-backed blockchain accelerator, on a mission to bridge the gap between blockchain startups and the traditional world. Yi Ming Ng, the Managing Director at Tribe Accelerator, believes that blockchain is beneficial to a lot of businesses from different industries. However, there has been a lot of fear and speculation around cryptocurrencies in the traditional corporate world.

South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

The Centre for Affordable Housing Finance in Africa (CAHF) has teamed up with Seso Global, a blockchain property registry company, to develop the first-ever blockchain-powered property register in South Africa.

Jack Daniel’s Parent Company Brown-Forman Targeted for Ransomware by Notorious REvil

Jack Daniel’s Parent Company Brown-Forman Targeted for Ransomware by Notorious REvil

Brown-Forman, Jack Daniel’s parent company and a giant powerhouse in the alcoholic industry, recently suffered a ransomware data breach originating from REvil.

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.

Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

A collaboration between the major car manufacturers, Mercedes Benz and Circular, a Blockchain Startup to carry out a combined program which would be for the purpose of tracing the emissions of carbon in the cobalt supply chain.

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