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6 mins ago

Voyager Digital partners with CoinLedger to simplify crypto tax reporting

Cryptocurrency broker Voyager Digital announced a partnership with CoinLedger (formerly CryptoTrader.Tax). It aims to simplify crypto tax reporting for users.

Source: PR Newswire

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43 mins ago

World Mobile and the Zanzibar government reached a strategic cooperation

World Mobile announced that it will cooperate with IOG (Input Output Global) and the e-government agency (eGAZ) of the Zanzibar government. They plan to establish a long-term blockchain solution and position the region as Africa Blockchain Center. It is reported that marine economic activities contribute more than 29% of Zanzibar’s GDP and employ 33% of its labor force. However, the region has not yet fully tapped the potential of its blue economy. World Mobile and IOG have reached a strategic cooperation to provide blockchain solutions for such infrastructure. Through this cooperation, World Mobile will develop a blockchain academy. It also plans to build an event and conference center to attract industry professionals and talents from all over the world. The long-term cooperation will be carried out in four stages within five years: education, e-government solutions, blue economy, and model building. Ultimately, the initiative will expand Zanzibar’s blue economy. It will also promote a more significant economic transformation to penetrate other economic sectors. This includes tourism, agriculture and telecommunications. World Mobile said it will provide connectivity to community-owned telecommunications infrastructure and their cost-effective hybrid network. A system will be established and applied together with IOG and eGAZ. This aims to create more efficient and effective governance for the future of Zanzibar.

Source: Developing Telecoms

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3 hrs ago

The Gibraltar government has launched a pilot program to use blockchain to store official credentials

The Gibraltar government has launched a pilot program aimed at using blockchain technology. This aims to store official credentials on its system. The Gibraltar government stated that it has cooperated with Mexican cryptocurrency exchange Bitso and IOVlabs. The latter is a startup company that develops financial solutions based on the Bitcoin blockchain. It will integrate blockchain technology into its eGov system. The initial stage of integration will allow users to store state-issued and certified credentials on their servers. This way, residents and local organizations can better access public services. Albert Isola, the Minister of Digital and Financial Services of Gibraltar, said that officials have begun to digitize government services on the smart contract network RSK. He also plans to accelerate the integration work in early 2022. He added that Bitso will donate $500,000 worth of Bitcoin to the project.

Source: Cointelegraph

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9 hrs ago

Korean crypto investment firm Hashed is reportedly facing tax investigation

According to local media, the National Tax Service (NTS) in South Korea is investigating the crypto investment firm, Hashed. The inquiry is being handled by the Seoul Regional Tax Office's 4th Bureau of Investigation. The unit is best-known for investigating tax evasion and slush funds. A slush fund is a collection of money obtained in secret and kept aside for unknown reasons. The nature of the probe remains unclear, according to local media on Dec. 7. Although the specific purpose of the inquiry could not be confirmed, a regional tax officer informed reporters that “intense investigations on small businesses without any prior notice are not uncommonly related to slush fundraising or tax evasion on the part of the company’s CEO.”

Source: Cointelegraph

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13 hrs ago

U.S. government continues review of risks related to digital assets

In its "Strategy on Countering Corruption," the White House highlighted areas for improvement in curbing global corruption and illegal financing. Among anti-money laundering flaws including the real estate market and offshore tax havens, the Biden administration cited the use of digital assets. The report stated: "Advances in digital technology have dramatically improved the efficiency, convenience, and reach of digital alternatives to cash, and accelerated the usage of and commercial trading in digital assets across the world." It added, "At the same time, digital assets have been used in support of a variety of illicit activities, including proliferation financing, ransomware attacks, human and narcotics trafficking, fraud, corruption, and sanctions evasion." However, the report did not specify the specific measures to counter these issues. Instead, it stated that the government will "continue to review the risks posed by digital assets."

Source: The Block

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02:40 December 05, 2021

Singapore's financial regulator suspends Bitget's local business

Singapore’s financial regulator has suspended Bitget’s local business, which is involved in a crypto pension plan that claims to be linked to South Korea’s most prominent boy band BTS.

Source: AFR

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