Australian Crypto-Focused Research Firm Supports Government Rebate And R&D For Bitcoin Entrepreneurs
Interconnected Research (ICR), an Australia-based cryptocurrency research and development provider, recently satisfied requirements to remain registered as a Research Service Provider (RSP). The registration makes ICR the only private company that can ensure companies meet the requirements to claim a rebate of up to 43.5 cents on the dollar through the government's R&D Tax Incentive program. An RSP is an organization registered under section 29A of the Industry Research and Development Act of 1986 in Australia. The registration means it has the appropriate scientific or technical expertise....
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The University of Maryland, Cornell, and the University of California Berkeley will be conducting cryptocurrency research backed by $3 million in funding from the National Science Foundation, a US government agency that supports and funds scientific research. According to principal investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can address "pain points" in bitcoin and other digital currency networks. Cryptocurrency Research Scope. This wide-ranging research, which is entitled The Initiative for Cryptocurrency and Contracts (IC3),....
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Governments are showing increasing interest in cryptocurrencies and blockchain technology. A recent press release details that this week the US Department of Homeland Security (DHS) plans on funding $600,000 in grants to government-related distributed ledger startups. DHS Funds Blockchain Research for ID Services. A couple of years ago no cryptocurrency....
Following a policy statement by the Australian Government Treasury in March that saw the authority reveal that digital currencies such as Bitcoin are likely to be exempt from double taxation via the Goods and Services (GST) tax, the Australian Government has kept its word. The Australian Government’s Budget 2016-17 has listed its intention to remove the double taxation levied on digital currencies like Bitcoin. An excerpt from a summary of the 2016-17 Budget that focused on Jobs and Growth, released today, read: The Government has released a consultation paper on changing the GST treatment....
Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their own decisions,” she said. Australian Government Won’s Stand in the Way of Crypto Australian lawmaker Jane Hume said on Thursday that cryptocurrencies are not a passing fad and will grow in importance as an asset class, the Financial Review reported. Her crypto comments were part of her....