South Africa Adds Crypto Businesses to List of Accountable Institutions
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients. Source
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Businesses
Blockchain adoption struggles in the Philippines as businesses ‘invest to survive’
Blockchain adoption in the Philippines is struggling because businesses are focused on survival, according to Dr. Donald Lim, lead convenor at Philippine Blockchain Week (PBW) in Manila.See related article: Chinese mafia forcing Filipinos to work for crypto scams, says Philippine SenatorFast facts“3% of all businesses [in the Philippines] are large
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Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms – Economics Bitcoin News
Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look great right
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People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites
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USDC Stablecoin Issuer Circle Says Businesses Can Accept Apple Pay
The addition will help crypto businesses by making it easier to take payments, the company said. Original Source
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Vietnam Businesses Urge for Blockchain Training of Students and IT Specialists – Blockchain Bitcoin News
Members of the expanding blockchain sector of Vietnam have called on government and educational institutions to turn more attention to the deficit of talent. With the shortage of qualified personnel being a global challenge, they say the country needs to address the lack of training. Industry Players Highlight Growing Need for
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India Considers Taxing Crypto Income From Businesses Headquartered Elsewhere
India’s taxation authority has proposed new changes to the filing of income tax returns that could have a significant impact on those holding virtual digital assets (VDAs) or cryptocurrencies or possibly even investments in DAOs (Decentralized Autonomous Organizations). Source
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Chinese blockchain firms conducting financial businesses may be violating PBOC guidelines
The People’s Bank of China (PBOC) has reminded financial technology (fintech) firms to comply with financial laws and regulations, in the central bank’s new set of guidelines released earlier this month.See related article: China has seen blockchain’s future and it doesn’t include cryptocurrencies Fast factsThe PBOC’s “Ethical Guidelines on Technology in
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New Metis Rollup Tech Addressees Ethereum Scalability for Businesses
A growing industry of rollup technologies seeks to address Ethereum’s key scalability issues of slow throughput and high transaction or gas fees. Rollups bundle a large number of transactions off the main blockchain and then return the bundle to Ethereum for recording. There are two types of rollups: Zero-Knowledge, which
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Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations – Press release Bitcoin News
press release PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According to Lithuanian regulators, these new laws will go
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