How Blockchain Could Make Trusts More Transparent
Amid the outcry over British Prime Minister David Cameron's tax affairs, his intervention in 2013 to block EU transparency rules regarding offshore trusts bears more scrutiny. It was decided that trusts should not be held to the same standards as companies when it came to making the end owners and beneficiaries publicly known. But now the Panama Papers raise important questions as to whether trusts ought to be more open to public scrutiny. A major reason for this relates to fairness when it comes to paying taxes. However, blockchain may provide a solution to this problem, enabling trusts....
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On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include individual crypto asset products such as the bitcoin cash trust, the litecoin trust, and the ethereum classic trust, which will join three other Grayscale trusts that are already SEC reporting companies. Grayscale’s BCH, LTC, ETC Trusts to Join Three Other Products as SEC Reporting Companies....
Trusts for Chainlink, Basic Attention Token, Decentraland, Livepeer and Tezos were all recently registered in Delaware.
Grayscale's ether and XRP trusts are still closed to new investors.
Blockchain-based data management platform, Factom, has announced its partnership with Intrinio, an application and financial data provider. The duo plans on putting Wall Street on the Factom blockchain to provide immutable and transparent US stock market data for the first time in history. Factom & Intrinio Tether Wall Street to Blockchain....
According to a press release, Grayscale Investments has added 5 new products to its Trusts offer. Expanding it to 14, Grayscale will have a Basic Attention Token, Chainlink, Decentraland, Filecoin, and Livepeer Trust. Grayscale is one of the most important crypto investment firm. Eligible investors can now subscribe to the new trusts, they will operate […]