Node40 Financial Reporting Service a Compliance Savior?
Node40 has a reputation for establishing a stable hosting environment with ceaseless uptimes, and is becoming well known within the Dash ecosystem due in large part to the company’s method of incentivizing the blockchain network. Financial Reporting With Node40. However, Sean Ryan and Perry Woodin — the team behind Node40 — are working on a new system for financial reporting that they hope to release to the public in the coming months. This new tool or utility, dubbed “Masternode Financial Statements,” enables efficient and accurate reporting to the IRS. For Dash users this inspires....
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While entrepreneurs identify Blockchain as a revolutionary technology and a prospective business area, what are the challenges associated with the actual implementation of Blockchain technology? CoinTelegraph spoke to the founders of Peer-to-Peer (P2P) node support company Node40 to learn the most challenging aspects of their business since launching in 2015. Node40 is the premier Dash masternode service provider, focusing on automating the commissioning process and supplying a monitor for their customers to view the health and valuation of their nodes. Perry Woodin, Founder at Node40,....
Blockchain service provider Node40 has announced the conclusion of its beta phase. The Albany, New York-based company hosts and assists the growing number of Dash Masternodes on the currency’s network. Node40: A Masternode Hosting Platform. According to Node40, its beta phase has been successful, the company seeing significant business growth since Dash....
The U.S. Internal Revenue Service (IRS) is coming under increasing scrutiny following its request to view the transaction records of Coinbase. The focus on Coinbase, which the exchange described as “indiscriminate” in breadth, is poignant, coming after a treasury audit highlighted a range of failures by the IRS. As the exchange promises to go to court over the request, experts are joining in the debate in a bid to demonstrate the need for more realistic regulatory management surrounding taxation of the everyday cryptocurrency user. IRS shows users still bear responsibility. Perry Woodin,....
Digital currency trading platform Atlas ATS has partnered up with Strevus, Inc., a company specializing in compliance lifecycle management solutions for financial service institutions to help out Atlas's institutional clients be in compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. In April, Strevus expanded their business model to encompass bitcoin and digital currencies. "The single biggest barrier to the institutional adoption of cryptocurrency is the conflict between the pseudonymous nature of the transacting counterparties and the regulatory....
Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties. South Korea’s cryptocurrency regulatory space is set to become even more tightly regulated with the incoming laws on financial reporting for crypto businesses in the country.According to Korea JoongAng Daily, South Korea’s Financial Services Commission has amended its financial reporting rules to include the cryptocurrency sector.This amendment mandates all crypto businesses — exchanges, asset managers, wallet providers, and....