The VC World is Getting the Blockchain Treatment Thanks to RevenueCoin
When most of us think of the world of Venture Capital, our minds tend to go to the large VC firms that put millions of dollars into startups and hopefully make this amount back several times over for their investors. For decades, Venture Capital has been a way for the wealthy to make even more […]
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HMRC has now published an official brief, outlining its position on the tax treatment of income derived from bitcoin-related activities. The UK's tax agency has reversed an earlier ruling that classified virtual currencies as gift vouchers, exempting digital currency trading from a 20% value added tax (VAT). HM Revenue and Customs (HMRC), the UK's customs and tax department, has classified virtual currencies as assets or private money, not as vouchers that required a tax on the value of the coins. Tom Robinson, co-founder of London-based digital currency storage specialist Elliptic and a....
A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology. A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year.On Nov 1, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an ethics committee and the national commission to launch the....
News has come in this morning that Baidu has banned bitcoin advertising on its website which handles almost all of China’s search inquiries. The action follows the tragic death of Wei Zexi, a college student with cancer who sought treatment from a hospital found through an online advertisement. Zexi stated in a post before his death that Baidu had mislead him to seek treatment from a hospital that had advertised a treatment researched in collaboration with Stanford. This turned out to be untrue, sending the Chinese internet on fire and bringing to surface seemingly long-held allegations of....
The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.” The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency.This clarification comes in response to El Salvador’s adoption of BTC as legal tender in September last year, with the Australian government essentially ruling out a shift in classification despite it being used as a....