Know-Your-Customer (KYC) for a Clean Nominee Bank Account

14 Dec
Know-Your-Customer (KYC)

Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing letters of credit and guarantees). Implication is criminal prosecution for money laundering. Financial Action Task Force (FATF) rules extends to everybody and leads to […]

Fortune Global Forum in Guangzhou China

13 Dec
View of Country Garden Forest City presented at the Fortune Global Forum

The three-day 2017 Fortune Global Forum opened in Guangzhou on December 6. Chinese property developer Country Garden, a Fortune Global 500 company, became a partner of the forum, where the company’s residence-industry projects including Forest City and its several Techtowns received positive feedback from international attendees for its vertical greening, three-dimensional design and residence-industry integration as these concepts […]

SBI BITS and nChain Announce Strategic Partnership to Support Cryptocurrency Security and Bitcoin Cash

11 Dec
bitcoin-cash

TOKYO, Dec. 6, 2017 /PRNewswire/ — SBI BITS Co., Ltd., the financial technology provider company that is a wholly-owned subsidiary of SBI Holdings, Inc. (HQ: Tokyo, Japan; Representative Director, President & CEO: Yoshitaka Kitao) and nChain, the blockchain research and development pioneer (HQ: Antigua; nChain research business in London, UK; Chairman of the Board: Stefan Matthews) announce a strategic partnership to collaborate on […]

IPC CEO Neil Barua Wins 2017 American Financial Technology ‘Best Third-Party Technology Vendor CEO’ Award

05 Dec
American Financial Technology Awards AFTA

NEW YORK, Dec. 5, 2017 /PRNewswire/ — IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced that its CEO Neil Barua has won the 2017 American Financial Technology Awards (AFTAs) “Best Third-Party Technology Vendor CIO or CEO” honor, which recognizes a CIO or CEO that has been particularly innovative and […]

Bitcoin Investment Trust Announces Abandonment of Bitcoin Diamond and Bytether

01 Dec
invest offshore in diamonds

NEW YORK, Dec. 1, 2017 /PRNewswire/ — Grayscale Investments, LLC, the sponsor (the “Sponsor”) of the Bitcoin Investment Trust (OTCQX: GBTC) (the “Trust”), announced that it has irrevocably abandoned (i) all of the rights to Bitcoin Diamond tokens currently held by the Trust as a result of the fork in the Bitcoin blockchain on November 24, 2017 and (ii) all […]

U.S. Tax Legislation Update

28 Nov
Tax Legislation - Details of Lantern in front of the Library of Congress Thomas Jefferson Building

By now most of you know that pending tax reform legislation is underway. On November 16th, the House of Representatives’ passed its version – HR 1: The Tax Cuts and Jobs Act. Also on November 16, the Senate Finance Committee approved its amendments. Next week we should see the full Senate’s vote. As promised during […]

Bitcoin Investment Trust Announces Record Date for Distribution of Bitcoin Gold

22 Nov
Bitcoin

NEW YORK, Nov. 22, 2017 /PRNewswire/ — Grayscale Investments, LLC, the sponsor (the “Sponsor”) of the Bitcoin Investment Trust (OTCQX: GBTC) (the “Trust”), announced that it has today declared a distribution and established a record date for the distribution of a portion of the rights to Bitcoin Gold tokens currently held by the Trust as a result […]

62 Insane Facts About Bitcoin

17 Nov
Bitcoin Cryptocurrency

Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from […]

Why the Isle of Man is NOT a tax haven

16 Nov
beach at Douglas, Isle of Man, at Dawn - Is it a tax haven?

Forty-two years ago when former assessor of income tax Mark Solly published ’The Isle of Man: Anatomy of a Tax Haven’, tax havens were places where there was lower taxation than you had at home, where you could set up your trading company or family trust or even move in yourself. The motivation of those […]