The Australian government has introduced a bill to remove double taxation of cryptocurrencies such as bitcoin. The bill will formally codify a ruling made earlier this year and will be retroactive to July 1 on transactions and supplies once passed by both houses of Parliament.
The Monetary Authority of Singapore (MAS) has signed a cooperation agreement with the Securities Commission of Malaysia (SC) to promote innovation in financial services in their respective markets. The agreement was signed by Sopnendu Mohanty, chief FinTech officer at the MAS and Chin Wei Min,
SBI Ripple Asia will be testing a blockchain-based funds transfer system by the end of this year between Japanese and South Korean banks.
Formed in 2016, SBI Ripple Asia manages a consortium of more than 60 Japanese banks who leverage Ripple’s enterprise blockchain technology for instant payments and settlement.
Hong Kong-based FinTech firm TNG Wallet has raised US$115 million in a Series A funding round led by New Margin Capital, a Chinese private equity fund. The funding puts TNG’s valuation at $565 million.
Participating investors include Taiwan-based venture studio Nogle Group and Infinity-KBR Group.
Rivetz is a provider of mobile, decentralized security solutions for business customers worldwide. The company offers a number of applications and a developer tool kit to enable a broad range of services,
San Francisco-based FinTech payments firm Ripple has expanded its operations to India by opening an office in Mumbai.
The company has appointed Navin Gupta as country manager for Ripple India. Gupta is a full stack transaction banker with over 17 years of experience across relationship management,
Banco Central do Brasil, the central bank of Brazil, has released a study of Real Time Gross Settlement System (RTGS), prototype platforms based on blockchain technology.
Banco Central do Brasil formed a study group to evaluate and analyze the blockchain technology and further understand both its applicability and shortcomings.
Australian FinTech firm Stargroup has teamed with blockchain technology company Digital X to jointly offer and tailor a “two-way” ATM solution for buying and selling bitcoin. The joint venture will allow users to cash out bitcoin to Australian dollars.
Stargroup said that there are currently only 20 ATMs in Australia that can facilitate bitcoin transactions;
IBM said although returns in private equity can be lucrative, its supporting infrastructure hasn’t seen much of innovation of late,