Simply put, a blockchain is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. More formally, a blockchain is a distributed database that maintains a continuously growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block. The transactions between users are direct, without intermediary.
In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The first Bitcoin ATM in the British territory of Gibraltar has been installed. The islands of Antigua and Barbuda might become far more friendly towards cryptocurrencies and blockchain technology in the near future. Is the Catholic Church the Next Stop on the Blockchain Train? What Can Casino Gaming Tech Teach You About Money Management?
Is the Ledger Nano S a Scam? Op Ed: Is the Blockchain Economy Ushering in a New World Economic Order? In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. At least one bitcoiner has tossed aside such niceties, and examined the world’s most popular cryptocurrency as a potential offshore tax avoidance haven. 20 trillion is hidden away from government tax farmers.
Nicholas Shaxson explained what he imagines to be a queer phenomenon. Soon after, the Organization for Economic Cooperation and Development urged global standards in this regard. From there, the G20 picked up the cause, and by last year implemented a system of instant accountability between nations and their respective tax authorities. Bit by bit, international standards are being created. This is all being extended in the direction’ of secretive jurisdictions such as Switzerland.