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The guidance is the first of its kind from the Joint Chiefs of Global Tax Enforcement, also known as the J5. Founded in 2018, the J5 is made up of representatives of tax agencies from Australia, Canada, the Netherlands, the United Kingdom and the U.S., and is tasked with sharing
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“The increase in membership is a testament to the Consortium’s ability to provide in-depth guidance and connect banks with turn-key technology solutions as well as the transformative role that blockchain payment rails can play in financial services,” Ashley Harris, chair of the USDF Consortium, said in a statement. Source
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Eventually, the goal is to set up industry standards, but right now "there's lower hanging fruit," such as what technology, corporate governance, and AML/FATF characteristics of an issuance must be harmonized in order to list security tokens across Hong Kong, the U.K., and Singapore within the existent regulatory frameworks, Madden
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Crypto exchange Binance and a consortium led by MDI Ventures will establish a joint venture focused on developing blockchain technology in Indonesia, the company said in a press release on Wednesday.The joint venture will create a new Indonesia-based digital asset exchange. Binance will provide infrastructure and support for the new
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A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems. The new digital currency, dubbed “DCJPY,” will be backstopped by
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Members of the Digital Currency Forum, include banks like MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, industry heavyweights like the Nippon Telegraph & Telephone Corporation, East Japan Railway, and Mitsubishi Corp., as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and
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Private blockchains provide users with the absolute privacy they desire. Private blockchains (which are permissioned settings) establish rules governing who can see and write to the chain, in contrast to public, permissionless blockchains. There is a clear hierarchy of control in these systems; hence, they are not decentralized. However,
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Italy’s OTB Group, the owner of fashion brands Diesel, Jil Sander and Viktor & Rolf is the latest luxury goods company to join the Aura Blockchain Consortium as a founding member.In April, Louis Vuitton’s parent firm, LVMH, Prada and Richemont-owned Cartier unveiled the Aura Blockchain Consortium, a network developed in
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Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new executives assembled by David Puth, CEO of Centre, will look to support new partners and add new alliances to keep
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IBM Japan, Mitsui Chemicals and Nomura Research Institute have announced a new consortium to explore how blockchain technology can be used to create better plastic recycling methods, according to a press release from the NRI. Fast facts Making new plastics from recycled plastics is an exact process that requires knowing the specific
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