The Internal Revenue Services (IRS) launched an international coalition to investigate transnational cryptocurrency tax crime and money laundering. The J5 is comprised of the government agencies from Australia, Canada, the Netherlands, the United Kingdom, as well as the IRS. The J5 states: "We are convinced that offshore structures and financial instruments, where used to commit tax … Continue reading Joint Chiefs of Global Tax Enforcement: The J5
From Equifax to Facebook, 2017 was the year of the data breach. With five of the ten largest breaches occurring this past year, over 65 percent of the American population had their personal information either stolen, sold, or studied by a third party without their consent. Yet, according to a report presented to the Federal … Continue reading Can Blockchain Technology Offer Transparency to the Privacy & Security of Our Data?
“Blockchain can probably save the world, but there’s a lot of work to be done before that happens.” This is the simple, awe-inspiring, and sobering message that emerged from two days of presentations on blockchain and cryptocurrency during the annual Silicon Slopes Summit held in Salt Lake City, Utah. The Summit itself was a spectacular … Continue reading “Blockchain can probably save the world…” Inside Look of the Silicon Slopes Tech Summit 2018
Credit Suisse Group AG, U.S. Bancorp, Wells Fargo & Co., and Western Asset Management Co. announced they’ve successfully tested the distributed ledger technology to track mortgage-backed securities. “Structuring securities is complex, involving many different parties, manual processes, duplicated documents and data in different formats,” said David Rutter, CEO of R3. The group conducted this pilot … Continue reading Distributed Ledger Technology Use Cases in the Real Estate Ecosystem