Digital currency firms in India go big on ad blitz for festive season

The festive season in India has kicked off and digital currency companies are prepared to spend big on multimedia ads as well as giveaways, with many touting digital currencies as the best gift for Indians to their loved ones. The festive season begun on September 10 with the Ganesh Chaturthi, a Hindu festival that celebrates… Continue reading Digital currency firms in India go big on ad blitz for festive season

Firms given extra year to apply new post-Brexit product safety standard

The government has given UK firms an extra year to comply with post-Brexit product safety marking rules after pressure from business groups. Companies had faced a 1 January 2022 deadline to switch from Europe’s CE mark to the new UK conformity assessed (UKCA) standard for most products but this will be pushed back to 2023.… Continue reading Firms given extra year to apply new post-Brexit product safety standard

US energy firms weigh in on employee vaccine mandates

Biden pushes for COVID booster vaccines by September Infectious disease expert Dr. Amesh Adalja argues that the necessity for the healthy general public to get booster shots is a bit ‘muddled.’ The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the… Continue reading US energy firms weigh in on employee vaccine mandates

UK food firms beg ministers to let them use prisoners to ease labour shortages

Meat processors and others say they must have more day release workers as they cannot find enough staff Desperate food manufacturers are pleading with the government to be able to call upon prisoners to solve a labour crisis blamed on the double blow of Brexit and Covid. The Association of Independent Meat Suppliers, which represents… Continue reading UK food firms beg ministers to let them use prisoners to ease labour shortages

13 more crypto firms withdraw licensing applications in the UK

The United Kingdom Financial Conduct Authority’s (FCA) crypto licensing regime is reportedly proving arduous for cryptocurrency businesses looking to operate in the country. According to a Reuters report on Tuesday, the number of withdrawn licensing applications from crypto businesses increased by over 25% in June. Indeed, Cointelegraph reported near the beginning of the month that… Continue reading 13 more crypto firms withdraw licensing applications in the UK

51 crypto firms withdraw licensing applications in the UK

Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country. According to the U.K. Financial Conduct Authority (FCA), several crypto businesses in the country might be preparing for an exit. In a release issued on Thursday, the regulatory agency revealed: “A significantly high… Continue reading 51 crypto firms withdraw licensing applications in the UK

Irish digital currency firms now obliged to register with central bank

Digital currency companies operating in Ireland must now register with the country’s central bank, after new rules mean firms in the sector are required to implement strict anti-money laundering guidelines. The measures are derived from a domestic implementation of the EU’s Fifth Anti-Money Laundering Directive (AMLD5), which has been transposed onto the Irish statute books… Continue reading Irish digital currency firms now obliged to register with central bank

Firms could be asked to pay for managing and recycling the packaging they produce in a bid to cut plastic waste

FIRMS could be asked to pay for managing and recycling the packaging they produce in a bid to cut plastic waste, ministers will reveal today. It is hoped a £3billion bill will encourage them to use more recyclable materials, with incentives for the most eco-friendly. Councils may also get more cash to sort and recycle… Continue reading Firms could be asked to pay for managing and recycling the packaging they produce in a bid to cut plastic waste

Top finance, tech firms mulling NY exodus over proposed tax hike

How will the Fed decision and tax hikes impact the market? Nancy Tengler, Scott Martin and Nicole Webb discuss where things are looking up and Charles’ stock of the day. Top New York firms that toughed it out through the pandemic are now considering packing their bags over $7 billion in proposed new state taxes. At… Continue reading Top finance, tech firms mulling NY exodus over proposed tax hike

Irish crypto firms will impose Anti Money Laundering ID checks from April

Irish lawmakers will impose an anti money laundering regime on crypto for the first time in April The Central Bank of Ireland has extended the nation’s anti-money laundering, or AML, and countering the financing of terrorism, or CTF, guidelines to apply to Bitcoin and crypto assets from April. Starting next month, Ireland’s crypto asset service… Continue reading Irish crypto firms will impose Anti Money Laundering ID checks from April

NYDIG head says major firms will announce Bitcoin ‘milestones’ next week

We are on the brink of Bitcoin’s mass adoption, says the CEO of Bitcoin investment firm NYDIG Robby Gutmann. Gutmann, also the co-founder of $10B asset manager Stone Ridge, told the “On the Brink” podcast on Mar. 15 that we can expect to see announcements from some of the firm’s strategic partners that will drastically… Continue reading NYDIG head says major firms will announce Bitcoin ‘milestones’ next week

US to give small firms exclusive COVID-19 PPP loan access for 2 weeks

More On: Paycheck Protection Program Fed finds minority-owned businesses struggle to access credit during pandemic Millions in COVID relief loans given to vitamin sellers flagged by feds Scott Stringer wants more COVID stimulus funding to go to NYC businesses Next round of PPP begins amid COVID-19 surge The feds will give America’s smallest businesses two… Continue reading US to give small firms exclusive COVID-19 PPP loan access for 2 weeks

Kenyan crypto firms on notice as digital tax law takes effect

Kenya’s planned Digital Service Tax, or DST, came into effect at the start of 2021. The DST is part of the country’s 2020 revamped Finance Act that focused on the digital services market among other sectors. Based on the provisions of the new tax regime, e-market transactions including cryptocurrency payments now attract a 1.5% levy.… Continue reading Kenyan crypto firms on notice as digital tax law takes effect

Kenyan crypto firms on notice as digital tax law takes effect

Kenya’s planned Digital Service Tax, or DST, came into effect at the start of 2021. The DST is part of the country’s 2020 revamped Finance Act that focused on the digital services market among other sectors. Based on the provisions of the new tax regime, e-market transactions including cryptocurrency payments now attract a 1.5% levy.… Continue reading Kenyan crypto firms on notice as digital tax law takes effect

Wall Street firms, demonized by Cuomo, de Blasio, ramp up NYC exodus plans

Cuomo, de Blasio talking up huge tax hikes to cover coronavirus-related budget shortfalls: Gasparino Sources tell FOX Business’ Charlie Gasparino that banks and lobby groups say tax hikes will hasten out-of-state relocations and expand work-from-home policies. The COVID-19 pandemic is likely to come to an end in 2021, but that doesn’t mean New York City’s… Continue reading Wall Street firms, demonized by Cuomo, de Blasio, ramp up NYC exodus plans

Italian digital payments firms merge to create $17.6B fintech group

Italy’s largest payments firm Nexi has struck a deal with its rival, SIA, to create a digital payments behemoth with a market cap of 15 billion euros ($17.6 billion). It’s estimated the new entity will take a domestic market share of 70%. According to a report from Reuters on Oct. 5, the all-share agreement will… Continue reading Italian digital payments firms merge to create $17.6B fintech group

Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is

A recent report from the Busan Research Institute has revealed a peculiar trend: 62% of firms in the blockchain sandbox city of Busan, South Korea apparently do not know anything about the technology. Since last year, Busan has been considered a “regulation-free” zone for blockchain development by the South Korean federal government. The city has… Continue reading Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is

European crypto tax firms merge in bid to expand to North American markets

European experts in cryptocurrency tax reporting are joining forces to enter markets in the United States and Canada. Blockpit, an Austria-based crypto compliance expert, has completed a merger with its German competitor CryptoTax, the firm announced on Sept. 8. Both focused on providing crypto tax reporting tools, Blockpit and CryptoTax will now be working together… Continue reading European crypto tax firms merge in bid to expand to North American markets

NASA Funds Two U.S. Firms to Develop a Blockchain-Based Communications Solution

Distributed ledger technology (DLT) has near-infinite applications. It is towards this end that Orbit Logic and the Fraunhofer USA Center for Experimental Software Engineering are building a blockchain-based inter-satellite aerospace application for NASA after winning a $124,800 funding.  In a proposal summary generated on June 29, the solution dubbed “Space Communication Reconstruction and Mapping with Blockchain Ledgering”… Continue reading NASA Funds Two U.S. Firms to Develop a Blockchain-Based Communications Solution

Crypto Travel Firm's Bookings Skyrocket 68% Following Expedia Partnership

Cryptocurrency travel platform Travala.com saw the number of rooms booked through its platform grow sharply after a recent integration with booking giant Expedia. According to Travala.com CEO Juan Otero, the firm’s booking revenue increased by 75% in the two weeks after partnering with Expedia. The overall number of bookings grew by 68% over the same… Continue reading Crypto Travel Firm's Bookings Skyrocket 68% Following Expedia Partnership

Time Is up for Crypto Firms to Register in the Netherlands Under New AML Rules

The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April 21. According to the Anti-Money Laundering Directive, companies offering crypto-to-fiat or custodial services should have registered by today.… Continue reading Time Is up for Crypto Firms to Register in the Netherlands Under New AML Rules