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| October 19, 2018

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Woman says she was victim, not enabler, of Iowa agency boss

September 28, 2018 |

An Iowa official who failed to report sexual misconduct by her powerful boss says she stayed quiet because she feared retaliation and didn’t want to share her experience as one of his victims.
FOX News

PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

September 28, 2018 |

CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets

“CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform

Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $ 100 billion company will be driven by crowd-based solutions.” CrowdForce is leveraging blockchain, mobile technology and a crowdsourced agent network to bring the next billion consumers to the digital economy.

The journey to “CrowdForce” began three years ago when we at MobileForms identified two of the major problems facing Emerging markets was the inability to gather reliable and verifiable data (micro tasks) and a means of delivering financial and digital services to remote communities (microservices).

Developed countries across the world have agencies and large infrastructures which gather and verify data, and these took years as well as billions of dollars to establish. Emerging markets do not have the luxury of years and billions of dollars required to catch up with the infrastructures that have been put in place in developed countries. The “CrowdForce” Team realised that what they need are tiny collections of humans and devices spread out across the countries building trust and working together in a collaborative manner to bring everyone to the digital economy.

This realization birthed the movement that is “CrowdForce”. The “CrowdForce” platform uses mobile technology and the largest agent network to help businesses, banks, Digital wallets and exchange companies scale to the next billion underserved population in emerging market.

The “CrowdForce” project provides a viable solution for market research, economic development, financial inclusion and blockchain penetration in Emerging markets by using online and offline mobile technology and a network of merchants and agents that are properly empowered and incentivized to render micro tasks and services in their area.

The “CrowdForce” field agent network works with the “CrowdForce” platform which allows businesses, banks, digital wallets, crypto exchanges and developers to set up micro tasks and services. These will instantly be made available to all agents on the network via the application on the merchants’ phones or POS systems.

The “CrowdForce” Pre-sale begins on September 15, 2018, while the Tokensale commences on November 12, 2018 and will run for 4 weeks. The goal is to secure funding to finalize the development of the “CrowdForce” platform, as well as drive adoption of the platform across all Emerging markets.

For complete information, please visit: https://token.crowdforce.io/

Press Contact Email Address
press@crowdforce.io

Supporting Link
https://token.crowdforce.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform appeared first on Bitcoin News.

Bitcoin News

Trump’s pick for consumer agency, backed by GOP, ‘has no qualifications for this job’

August 23, 2018 |

Now that White House aide Kathy Kraninger has received the blessing of the Senate Banking Committee’s Republican majority to become the nation’s top consumer financial watchdog, it’s worth highlighting who’s in her corner and who isn’t.

Kraninger is supported, of course, by President Trump, who…


L.A. Times – Business

PR: More Stamps Global Launches – Cryptocurrency Travel Agency Opens Doors to World

August 22, 2018 |

More Stamps Global Launches - Cryptocurrency Travel Agency Opens Doors to World

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

More Stamps Global accepts forty different popular cryptocurrencies, allowing its customers to book flights, hotels, rental cars, and more at a variety of locations around the world. The agency’s launch marks a significant step forward in the adoption of cryptocurrencies.

“More Stamps Global was born from the zeal and hunger to offer freedom of movement and hassle-free travel to the world at large. This enthusiasm led to proper study and research of the travel and tourism industry to enable us to invent better and cheaper methods of embarking on journeys to any part of the world,” said Patrick Amoah, the Founder and CEO of More Stamps Global.

“Our search for a better travel means led us to the blockchain technology and cryptocurrencies, equipping us with a potent weapon to revolutionize the travel and tourism sector. On behalf of the More Stamps Global team, I welcome you to be a part of this revolution. Think More Stamps Global! Think freedom! Freedom of movement with More Stamps Global!”

While there are already some online travel agencies which accept cryptocurrency, many accept just a handful of the most popular, with services limited to just flights. More Stamps Global’s new model allows travelers to book full itineraries and pay for the whole trip using their cryptocurrency funds, a unique model that industry experts are hailing as an important development in the adoption of cryptocurrency as a transactional tool rather than a speculative vehicle only.

The sleek, modern website now means that crypto enthusiasts can book flights and accommodation at some of the world’s most famous destinations. Whether looking to explore the majestic nature of Australia’s Great Barrier Reef, take in the romantic sights of Paris in France, or jump into futuristic Shinjuku in Tokyo, Japan, More Stamps makes the whole trip possible using forty of the world’s most popular cryptocurrencies. Currencies accepted include DigiByte, Ethereum, Litecoin, OmiseGo, Augur, iExec, Salt, 0x, Basic Attention Token, Bitcoin Cash, Bancor, Dash, Decred, among many others.

In the 19th century, French novelist Jules Verne wrote of the adventures of Phileas Fogg in Around the World in Eighty Days – now, in the 21st century, the updated tale may well be Around the World in Forty Cryptocurrencies. The site’s ease of use and global reach, combined with its flexible cryptocurrency prices, has meant that many cryptocurrency investors are already flocking to the site to enjoy a well-deserved break using their speculative gains.

For more information about More Stamps Global, the forty cryptocurrencies it accepts, and how the business is revolutionizing the travel and tourism industry with its groundbreaking new cryptocurrency payment model, please visit https://www.morestamps.global/.

For all general and media inquiries, please contact Patrick Amoah, email him at support@morestamps.global.

About More Stamps Global
More Stamps Global is an online travel agency and crypto-enthusiast industry leader. The company helps intrepid globetrotters from around the world to fill their passports with “More Stamps.” More Stamps Global is the first worldwide online travel agency to accept 40+ individual cryptocurrencies as payment for travel services. Based in Hungary and operating internationally, the company specializes in unique vacation packages and customized itineraries, international and domestic flights, hotel accommodation, and transportation services. A pioneer in the consumer digital asset field, More Stamps Global welcomes and encourages its clients to use safe and secure cryptocurrencies for all online bookings and payments. Please visit www.morestamps.global for more information.

Website: https://www.morestamps.global/
Facebook: https://www.facebook.com/MoreStampsGlobal
Twitter: http://www.twitter.com/MoreStamps
Instagram: https://www.instagram.com/morestampsglobal/

Press Contact Email Address:
support@morestamps.global

Supporting Link
http://www.morestamps.global

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: More Stamps Global Launches – Cryptocurrency Travel Agency Opens Doors to World appeared first on Bitcoin News.

Bitcoin News

Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

July 16, 2018 |

The Japanese NTA (Tax Agency) has announced a new strategic policy put in place by July 15th to promote and improve the environment for people and companies to spontaneously declare their virtual currency income tax returns.

Also read: Japan Contemplates Scrapping Its Progressive Crypto Tax Rate

NTA to Devise Simplified and Automated Tax Return Filing Method

Together with the Financial Service Agency and cryptocurrency related organizations, the NTA has reportedly said a simplified tax declaration method, which would automatically calculate profits made by selling virtual currencies and tax returns, is currently underway.Japan Tax Agency Says Individuals Earning +1800$   in Crypto a Year Will Declare Tax

The NTA also urged private companies to utilize the software which can automatically calculate profits and losses made in cryptocurrency, and encouraged them to properly pay taxes, insisting the complicated tax payment method is now improved.

Earlier in April, the NTA held study sessions together with the FSA and Japan Blockchain Association aiming at exchanging opinions and thoughts on cryptocurrency tax filing methods. After a few of these study sessions, which are to be held until the end of 2018, the NTA intends to come up with a solid and concrete tax policy before next year’s tax return.

Simplifying Cryptocurrency Tax Calculation

Most of the difficulties for calculating profits obtained after selling cryptocurrencies relate to the different methods used by each crypto exchange for transaction history data storage. The NTA also pointed out the difficulties of managing distorted tax returns and cheating.

The NTA intends to solve these issues altogether by putting in place software capable of automatically calculating profits and losses and publicizing this service in support of tax returns made on crypto income mainly for IT companies.

Profits made after selling crypto would correspond to miscellaneous income. A tax return will be required to be filed for general company employees earning in crypto, if profits of more than 200 thousand yen ($ 1,800US) worth of crypto is earned between January and December of that year.

The crypto taxpayer’s burden would be eased only if the complicated calculation becomes automated. The NTA is also considering simplifying the tax declaration paperwork to ensure a secure tax payment system.

What do you think of Japan’s tax office improving the tax filing system for crypto earnings? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Japan Tax Agency Says Individuals Earning $ 1,800+ in Crypto a Year Will Declare Tax appeared first on Bitcoin News.

Bitcoin News

FAA tells airline passengers ‘We’re a safety agency, not a creature comfort agency’

July 4, 2018 |

If that airline seat is a tad snug for your burgeoning backside or the distance between rows makes you claustrophobic and fearful that a bit of reclining could crush your knees, blame it on the money-hungry airline.

That’s the message from the Federal Aviation Administration, which said Tuesday…


L.A. Times – Business

South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges

June 15, 2018 |

South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges

The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

AML Obligations

South Korean Government Agency Seeks Direct Supervision Over Crypto ExchangesThe Korea Financial Intelligence Unit (FIU), under the supervision of the Financial Services Commission (FSC), recently held an Anti-Money Laundering Policy Advisory Committee meeting. The meeting was set up to discuss measures against money laundering and terrorism financing activities.

“We plan to include virtual currency exchanges under a direct supervision of the AML / CFT (Anti-Money Laundering/ Countering Terrorism Financing) system,” the committee was quoted by Maeil Business. Citing that “the legislation has already been introduced in the National Assembly,” the news outlet elaborated:

This is the first time government agencies have said they will oversee virtual currency exchanges…When the bill is passed, virtual currency exchanges will be obliged to monitor the suspicious money-laundering transactions and report them to the FIU.

The Need for Direct Supervision

Currently, the FSC and the FIU have no jurisdiction over crypto exchanges since cryptocurrencies are not considered financial assets. The regulators have to monitor money-laundering activities of crypto exchanges through banks.

South Korean Government Agency Seeks Direct Supervision Over Crypto ExchangesWith the proposed changes, according to the committee, “If a virtual currency exchange does not comply with these obligations, the FIU or the entrusted FSS [Financial Supervisory Service] will be able to inspect the monitoring system of the virtual currency exchange,” the publication conveyed.

According to the Hankyoreh, the FSS said that it will also tighten its oversight of banks that provide virtual accounts to crypto exchanges. For example, banks must report deposits of more than 10 million won per day or more than 20 million won over 7 days for crypto transactions to the FIU as suspicious transactions that could lead to money laundering.

Crypto Industry’s AML Measures

Recently, South Korea’s top cryptocurrency exchanges have been ramping up their AML measures.

South Korean Government Agency Seeks Direct Supervision Over Crypto ExchangesOne of the largest crypto exchanges in the country, Bithumb, has recently implemented some strong anti-money laundering measures. Last month, the exchange blocked the trading of 11 countries as well as tightened its verification process for foreign users. The exchange also lowered the withdrawal limits for crypto traders that do not fully verify their identity. The third largest exchange in the country, Coinone, also said that it is implementing similar withdrawal limits for accounts not using the real-name system.

Another major exchange, Upbit, has an anti-money laundering system in place in collaboration with Thomson Reuters. The exchange recently rewarded six people for reporting fraudulent cryptocurrency schemes.

What do you think of Korean government agencies wanting direct supervision over crypto exchanges? Let us know in the comments section below.


Images courtesy of Shutterstock, Bithumb, and the FSC.


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The post South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges appeared first on Bitcoin News.

Bitcoin News

Trump’s consumer agency chief looks to shut down database of consumer complaints

June 11, 2018 |

The Trump administration may shut down a federal database of consumer complaints about the financial-services industry. Banks think that’s a swell idea.

The attorneys general of California and more than a dozen other states think it’s a foolish move.

Want to guess which way President Trump will…


L.A. Times – Business

CNN

Head of Guatemala’s disaster agency facing calls to resign after Fuego eruption

June 7, 2018 |

The head of Guatemala’s disaster management agency is facing calls to step down just days after the Fuego volcano erupted, leaving nearly 100 people dead and scores more missing.
CNN.com – RSS Channel – Regions – Americas

Trump CIA pick Gina Haspel says agency should not have conducted enhanced interrogation program

May 15, 2018 |

Gina Haspel, President Trump’s pick to lead the CIA, admitted the agency should not have conducted its enhanced interrogation program.
FOX News