JBA Calls for Crypto Taxation Review
The Japan Blockchain Association has called for a review of the crypto taxation system proposed by the government. The JBA has proposed three key improvements to encourage the development of the cryptocurrency business and increase public accessibility. The group suggests doing away with year-end unrealized gains taxation on tokens produced by third parties as the […]
Lawmakers Probe Apple’s App Store Policies on Blockchain, NFTs
Lawmakers are investigating whether Apple’s stringent guidelines might inadvertently stifle innovation and hinder the growth of cutting-edge technologies. United States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like […]
Ripple, Fubon Bank Partner for Hong Kong CBDC Pilot Program
Ripple revealed it would collaborate with Fubon Bank in Hong Kong to explore real estate asset tokenization using the e-HKD. Xu Luosheng, executive vice president and chief strategy officer of Fubon Bank Hong Kong, announced that the bank would launch a pilot program that would concentrate on client refund requests. The trial will use Ripple’s […]
Kansas Heartland Tri-State Bank Closed by FDIC
Heartland Tri-State Bank of Elkhart, Kansas, failed on Friday, with the Federal Deposit Insurance Corporation taking control. After First Republic’s failure in early May, another bank filed for bankruptcy recently. According to sources, the FDIC has prioritized client savings by taking over all of Heartland Tri-State Bank’s obligations. To guarantee a smooth transfer, the FDIC […]
Basic Attention Token to Implement KYC-free on-chain Payouts
The platform would enable on-chain BAT rewards without Know-Your-Customer (KYC), according to Basic Attention Token (BAT) founder Brendan Eich. He continues by saying that this advancement fits within BAT’s long-term vision, which intends to simplify rewards for Brave browser users while protecting their privacy. On-chain payouts are now available, which is a huge development for […]