China Threatens Overseas Tax Havens, Will Investors Flock to Crypto

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard millions of dollars worth of properties, assets, and cash outside of mainland China. But, local financial authorities have started to crackdown on investors that amass significant wealth in overseas markets. Will Investors Move to Crypto?…

LG’s Mobile Arm to Trial Blockchain Payments for Overseas Travelers

LG Uplus – a South Korean cellular carrier owned by the nation’s fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service. Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S. to offer users of three mobile carriers cheaper and faster payments when travelling internationally. Expected to launch early in 2019, the system is based on a blockchain cross-carrier payment platform provided by project partner, U.S.-based TBCASoft, according to The Korea Times. LG Uplus has also signed a memorandum…

Korean Mobile Carrier LGU+ Launches Blockchain-Based Overseas Payment System

South Korea’s LG UPlus, a mobile carrier owned by the country’s fourth largest conglomerate LG Corp., is launching a blockchain-based cross-carrier overseas payment service, Korea Times reports today, September 16. Last Thursday, September 13, LG UPlus had signed an MoU to develop the new service alongside three global partners: Taiwan-based Far EasTone Telecommunications, Japan’s SoftBank, and U.S.-based TBCASoft. Through the new service, users of one telecoms carrier will be able to frictionlessly complete transactions on the payment networks of another. According to the Korea Times, the first trial of the…

West Virginia Offers Overseas Residents Blockchain Voting Option for Midterm Elections

U.S. troops serving overseas will be able to use a smartphone app based on blockchain technology for casting federal election ballots in West Virginia this November, CNN reports August 6. The mobile voting platform, Voatz, employes facial recognition software to ensure that each voter matches their government-issued identification. CNN notes that the West Virginia will limit the use of the mobile app mainly to troops currently abroad. The West Virginia Secretary of State, Mac Warner, and Voatz, the Boston-based app developer, told CNN that they believe the app is secure…