Cryptocurrency Analysis and News Portal
According to the Excise Department, the target set for fiscal 2021 is 530 billion baht ( $17,543,863,900), a figure that is just shy of the tax revenue collected in fiscal 2020, which was 548 billion baht. ($18,141,189,280) The excise department of Thailand is looking to integrate blockchain technology in revenue collection as
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Thailand’s Excise Department is hoping the integration of a blockchain system can help it boost revenues and assist the nation’s economic recovery.According to a report by the Bangkok Post on Monday, the department will implement a system to make tax receipt collection more efficient, rather than raising taxes.The Excise Department,
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The U.S. Department of Justice (DOJ) has extradited the man accused of being one of the co-founders of the global cryptocurrency Ponzi scheme AirBit Club. The Acting U.S. Attorney for the Southern District of New York, Audrey Strauss, said Monday the accused, Gutemberg Dos Santos, was extradited from Panama last week. Along
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Former Federal Reserve Chair Janet Yellen is set to become the next head of the U.S. Treasury Department.Yellen was seen as one of three frontrunners to get the nod, the Washington Post said, along with Federal Reserve Governor Lael Brainard and former Fed Vice Chair Roger Ferguson. Yellen ran the
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The Information Commissioner’s Office (ICO) has published the outcome of a compulsory audit of the Department for Education DFE carried out in February
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In what was regarded as a highly political move, the U.S. Department of Health and Human Services (HHS)
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A group of 12 Chinese media organizations conformed by television stations, local newspapers, radio stations, and web media allied to create a “blockchain-powered news department” on May 21.According to the report published by China Email, the group is made up of media companies from all over the country. They use
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The U.S. Treasury Department's Office of Foreign Asset Control has added 20 new bitcoin addresses associated with two individuals to its list of sanctioned individuals.According to an update to OFAC's "Specially Designated Nationals" (SDN) list, Jiadong Li and Yinyin Tian are accused of being linked to the Lazarus Group, a
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The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials.The Indian government doesn’t consider cryptocurrencies as legal tender, but it also
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China's securities watchdog is reported to be hiring Yao Qian, the former head of the central bank's digital currency initiative, as the chief of its new tech regulation bureau. Source
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