Isle of Man Gov’t Executive Agency Forms Global Blockchain Office, Regulatory Sandbox

An advisory body for the self-governing British dependency Isle of Man (IoM) has launched a hub to promote the development of blockchain, fintech news agency FStech reports on Feb. 5. As a key decision maker for the economic growth of the IoM, Digital Isle of Man initiated the formation of the Blockchain Office, a global blockchain hub to provide a favorable environment for the development of blockchain projects. Along with founding the Blockchain Office, the government executive agency has also launched an Isle of Man Sandbox in order to guide…

Kiss of Death? Weiss Ratings Agency Changes Tune on TRON

Kiss of Death? Weiss Ratings Agency Changes Tune on TRON January 27, 2019 by Paul de Havilland The much-maligned (and rightly so) Weiss Ratings agency has given TRON the thumbs up for 2019. While Weiss Ratings opinions are always to be taken with a grain of, ahem… SEC settlement salt… their change of tune on TRON is certainly noteworthy. Also read: Central Bank of Central Banks BIS Says PoW Crypto Needs New Tech Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Weiss Has a History of Dissin’…

Denmark’s Tax Agency to Collect Information About Bitcoin Traders

Taxes Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries.    Also read: 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation Tax Agency Authorized to Gather Data From Three Danish Exchanges Skattestyrelsen, the Danish Tax Agency, announced it has been authorized by the country’s…

Bulgarian Revenue Agency Announces Inspection of Cryptocurrency-Selling Companies

The Bulgarian National Revenue Agency (NRA) has announced the launch of inspections of cryptocurrency-selling companies, English-language Sofia-based news outlet novinite reports on Jan. 14. The objective of the investigation is to assure compliance with tax and social security regulation, as the agency is reportedly worried about the use of crypto-assets for revenue concealment and tax evasion. The Bulgarian RSA reportedly conducted a survey of the companies that own online platforms for the sale and purchase of cryptocurrencies — like cryptocurrency exchanges —  and already assigned control actions (which presumably means…

Denmark’s Tax Agency Seals Authority to Collect Data from Three Crypto Exchanges

Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges. An official announcement published on the agency’s website reported this development on Jan. 14. The authorization means that three unspecified Danish crypto exchanges now have legal disclosure obligations to hand over identity information that includes names, addresses and personal tax numbers, as well as details of all crypto transactions made on their platforms between Jan. 1 2016 to Dec. 31 2018. The Tax Authority has said…

Tunisian Internet Agency Signs Strategic Partnership With Blockchain Platform

The Tunisian Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec. 19. Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country. Per the release, the ATI has signed a 10-year renewable strategic partnership with the blockchain platform Universa to provide hosting services for the platform and facilitate its further development. The agreement sets up a range of objectives, wherein…

Tunisia Internet Agency Signs Strategic Partnership With Blockchain Platform

The Tunisia Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec. 19. Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country. Per the release, the ATI has signed a 10-year renewable strategic partnership with the blockchain platform Universa to provide hosting services for the platform and facilitate its further development. The agreement sets up a range of objectives, wherein…

State Agency Backs Blockchain Accelerator Launched by Venture Capital Firm

Singaporean governmental body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm, daily local newspaper The Straits Times writes Tuesday, Dec. 4. Trive Ventures has launched the initiative, dubbed Tribe Accelerator, to support later-stage startups. According to the unnamed investor cited by The Straits Times, the accelerator is designed for a six-month period and will focus on the mass adoption of blockchain, decentralized applications (DApps), and back-end digital solutions that deal with blockchain. The managers for Tribe Accelerator will initially…

Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

Twitter Facebook LinkedIn A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s National Disability Insurance Scheme (NDIS) benefited from increased choice and control using the smart money that they accessed via a prototype app. Not only were administrative costs reduced but the risk of…

Canada Border Agency to Pilot IBM-Maersk TradeLens Blockchain Platform

  The Canada Border Services Agency (CBSA) has become the latest entity to trial a blockchain shipping solution developed by IBM and Maersk, a press release confirmed Thursday, Oct. 25. TradeLens, which creators unveiled in August this year after a 2017 pilot, aims to simplify logistics processes. The first such border agency to investigate the platform, CBSA will now “determine what role the platform could play in its business processes,” the release explains. “TradeLens could create a singular, trusted digital supply chain for all shipments entering Canada. The TradeLens pilot…