Jun 13, 2018 at 11:22
Georgia Sees Blockchain as a Solution for Reducing Administrative Costs
Blockchain technology has become very popular not only among a wide variety of companies but also governments of large countries. The Finance Minister of Georgia Mamuka Bakhtadze assures that blockchain can make administrative costs smaller and increase citizens access to the public service.
Jun 11, 2018 at 14:13
More than Half of Cryptocurrency Exchanges Have no Full KYC Compliance
Recent research examining 25 of the world’s crypto exchanges has shown that 68% of crypto exchanges are failing to comply with “Know Your Customer” (KYC) policies. Non-compliant companies have a lot of work to do as new anti-money laundering regulations will come into force next year.
South Korea Is Reportedly Going to Remove the Ban on Initial Coin Offerings
According to Business Korea, the National Assembly has made a move to legalize the local use of initial coin offerings (ICOs). The official recommendation comes after a total ban on the financial technology in September last year. The country’s financial market’s lack of proper regulations has seen domestic businesses moving abroad.
Shenzhen Tax Regulator Fights Against Fake Tax Claims Using Blockchain Tech
According to a statement published by the Office of the State Administration of Taxation, the Shenzhen Municipal decided to partner with Tencent Holdings, a Chinese technological company, in order to prevent tax forgeries and scams with the help of the latest fintech trend called blockchain technology.
Eight of Singapore’s Crypto Exchanges Were Asked to Avoid Unlicensed Assets
Eight digital currency exchanges, operating on the Singaporean crypto market, were warned not to deal with the trading of securities or futures contracts that have not obtained authorisation from the Monetary Authority of Singapore (MAS), according to a statement published by the financial market regulator on May 24.