Blox Survey Indicates Few Crypto Investors Accurately Disclose Assets to Tax Authorities

First in-depth looks at the crypto accounting industry shows major knowledge gaps in record keeping and reporting  Only 5% of CPAs believe clients are accurately disclosing digital assets and transactions 96% of surveyed CPAs felt official rules and guidelines were imminent    New York, NY – Blox.io, an industry-leading platform for crypto accounting, management and tracking, has released new research on the challenges faced by crypto holders and CPAs when accurately reporting to regulators.   The report, titled “The Crypto CPA Insights Report,” is one of the first in-depth looks…

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New Zealand legalizes salary payments in crypto

It was announced this week that New Zealand has become the first country ever to legalize salary payments in cryptocurrency.    This ruling was signed on June 27 by the Inland Revenue Department (IRD) agency’s Director of Public Rulings, Susan Price. It will be put into effect for three years from September 1, 2019. The ruling states that the digital currency begfdfdting paid must be pegged to at least one fiat currency, and must also be able to be converted directly into a standard form of payment.   The news…

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In a world first, MERJ lists tokenized shares on a national exchange

Seychelles – MERJ announces the first-ever official listing of a tokenized security on a fully compliant and regulated national stock exchange. The move comes just six weeks after the Seychelles-based exchange first announced its plans to combine traditional financial markets with distributed ledger technology (DLT), signaling the dawn of a new era for regulated digital assets.    MERJ will follow its listing, completed today, by offering 16% of the tokenized shares in a public offering later this year and is in discussion with several companies planning to list their tokenized…

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BREAKING NEWS – $32 Million Crypto Hack at Japanese Exchange

Bloomberg reported that Japanese cryptocurrency exchange Bitpoint suspended all services after losing about 3.5 billion yen ($32 million) in a hack that involved Ripple and other cryptocurrencies.     The exchange, which is owned by Remixpoint Inc, reported that about 2.5 billion yen of stolen funds belonged to customers, while Bitpoint owned the rest.    The exchange parent company, Remixpoint shares plunged 19% to their daily lower limit, and were untraded in Tokyo as of 1:44 p.m. on a glut of sell orders.   The funds were stolen from a…

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Brazil Regulatory Authorities crack down on tax

The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the RFB about their users’ transactions in order to identify tax fraud.   This isn’t the first example of regulatory authorities cracking down on tax. For instance, in the US, the IRS expects every individual’s cryptocurrency transactions to be reported and taxable gains calculated. Blockchain Industry leaders comment:-   Andre Kalinowski, co-founder of PARSIQ, a blockchain monitoring and intelligence platform, commented: Exchanges need to be prepared for detailed auditing by tax authorities and…

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Timeless Luxury Group offers crypto investors a slice of luxury

The established luxury lifestyle business issues a new security token, having previously used traditional capital markets for fundraising   Zurich, Switzerland. April 30 2019 – Timeless Luxury Group AG, a Swiss business focused on offering premium luxury holiday villas, resorts and lifestyle products, announced today that it has launched its Digital Security Offering (DSO) as part of its planned expansion program.   Timeless Luxury Group (“Timeless”) is a luxury hospitality business that brings the entire premium lifestyle experience under one brand. It consists of four divisions:   Timeless Hideaways. The…

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Pharma leader Verseon to launch security token powered by BlockRules

LONDON, MARCH 2019 — BlockRules, the blockchain fintech company enforcing complex compliance rules directly on the blockchain, today announces that the first security token powered by its technology will be for Verseon, a clinical-stage pharmaceutical company and BlockRules’ parent company. BlockRules will provide technology and services for token launch, issuance, and trading.   “We wanted to structure our STO as one of the first truly international offerings backed by a prospectus,” said Adityo Prakash, CEO of Verseon. “BlockRules provides the ideal solution to realize this vision. Their technology will allow…

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BLOCKCHAIN – The rise of Blockchain, Privacy Risks and GDPR

In this video on the rise of Blockchain and the associated privacy risks, Sam Palmisano, chairman of The Center for Global Enterprise, and David Kappos, a partner with Cravath, Swaine & Moore LLP, discuss the privacy concerns surrounding blockchain technology with Bloomberg’s Shery Ahn and Amanda Lang on “Bloomberg Markets.   GDPR definition:  The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information of individuals within the European Union (EU) effective in the EU on 25 May 2018.        …

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Huobi Joins GLASS Network and Invests in SharesPost

  Huobi joins network enabling compliant trading of digital securities globally San Francisco, CA — August 15, 2018 — SharesPost, a leading provider of liquidity solutions to the private growth asset class, has announced that Huobi, China’s largest cryptocurrency and blockchain token exchange and second largest worldwide, has joined the Global Liquidity and Settlement System network (GLASS). When GLASS becomes operational, Huobi will be able to settle secondary trades of digital securities by U.S. investors in compliance with U.S. securities laws. Huobi will also be able to pool its nine…

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Ethereum’s 3rd Anniversary 30 July 2018, Industry leaders reflect on Ethereum past and future impact

Ethereum’s third anniversary is this coming Monday, 30th of July.  Ethereum has had an incredible journey impacting multiple sectors during these three years and the untold potential it holds to entirely disrupt numerous industries to come.     Commenting on Ethereum’s progress in the dynamic cryptocurrency market, are leaders from blockchain and cryptocurrency space.   Nick Cowan, CEO of the Gibraltar Blockchain Exchange (GBX),  which aims to position itself as a world-leading institutional-grade token sale platform and digital asset exchange that is a subsidiary of the Gibraltar Stock Exchange, a…

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