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Japanese Tax System Not Equipped to Handle Cryptocurrencies

Source Node: https://insidebitcoins.com/news/japanese-tax-system-not-equipped-to-handle-cryptocurrencies/256762
Time Stamp: April 7, 2020 9:49 AM - Modified On: May 21, 2021 - Published By:
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Japan is planning to enforce new cryptocurrency regulations in the country in May but its existing tax system may not be properly equipped to handle digital currency transactions. According to a top government official, the system still needs some tweaks before it can manage crypto taxes.Japanese taxation regime needs a changeRepresentative Shun Otokita of the Japan Innovation Party held a Q& A session at the Financial Statements Committee on April 6. Therefore, he talked about the value of market research before introducing a separate tax regime for digital currencies. He

Professors Are Building a Blockchain-Based Digital Court

Source Node: https://insidebitcoins.com/news/professors-are-building-a-blockchain-based-digital-court/256724
Time Stamp: April 6, 2020 11:19 PM - Modified On: May 21, 2021 - Published By:
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Professors are building what they call a “digital court for a digital age” via blockchain technology.They believe that this effort will “save time, money, and effort.” That, and of course, information can not be altered once it is on the blockchain.The two professors, Hitoshi Matsushima and Shunya Noda, the former at the University of Tokyo and the latter at the University of British Columbia in Canada.Of course, this system would ensure legal disputes could take advantage of the technology, a field that hasn’t been much explored.Speaking on the matter is

Vonage Co-Founder Launches Decentralized Videochat App to Battle Zoom

Source Node: https://cointelegraph.com/news/vonage-co-founder-launches-decentralized-videochat-app-to-battle-zoom
Time Stamp: April 6, 2020 2:03 PM - Modified On: May 21, 2021 - Published By:
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Jeff Pulver, a Voice Over Internet Protocol (VoIP) pioneer and the co-founder of Vonage, has launched a decentralized application (dApp) that claims to provide the “most secure end-to-end business communications network” available.The move follows reports last week that rival videochat app Zoom exposed personally identifiable information and private conversations on the open web.Centralized data storage provides a centralized point of failureAccording to Pulver, the problem with existing communication solutions is that they route all business and personal data through one central point. This creates a huge security threat to confidential

Cryptocurrency News From Japan: March 29 – April 4 in Review

Source Node: https://cointelegraph.com/news/cryptocurrency-news-from-japan-march-29-april-4-in-review
Time Stamp: April 4, 2020 7:04 PM - Modified On: May 21, 2021 - Published By:
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This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Japanese FSA receives comments on new regulationsThe Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking effect on May

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to

Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice

Source Node: https://cointelegraph.com/news/bitcoin-codebase-preserved-for-1-000-years-in-archive-under-arctic-ice
Time Stamp: April 1, 2020 6:55 AM - Modified On: August 29, 2021 - Published By:
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A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub Archive Program, with a mission to preserve open-source software, for future generations to learn about the culture of today.GitHub has partnered with institutions such as the Software Heritage Foundation, Arctic World Archive, and Oxford University’s Bodleian Library to ensure the long-term preservation of code, which could otherwise be abandoned, forgotten or lost.With the ephemeral nature of much of