News Financial Giants Are Buying Bitcoin — Tyler Winklevoss

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Financial Giants Are Buying Bitcoin — Tyler Winklevoss
Gemini exchange co-founders Tyler and Cameron Winklevoss said that more than a handful of traditional financial giants have picked up stacks of Bitcoin throughout this year, including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC. The price of the leading cryptocurrency Bitcoin also witnessed a massive surge later this year. In a CNBC interview, Tyler Winklevoss said that this is the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it’s not a FOMO [fear of missing out] thing. This year, in addition to Tudor Jones and Microstrategy, Stanley Druckenmiller, Jack Dorsey’s Square, MassMutual, and Guggenheim Partners have all gained exposure to Bitcoin. Their crypto plays come in line with an unstable global economic atmosphere rife with excessive money printing efforts. Bitcoin is similar to gold as a store of value and inflation hedge.

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Margo

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Financial Giants Are Buying Bitcoin — Tyler Winklevoss

Thailand Uses Blockchain to Improve Tax Collection
The Thailand government is turning to blockchain technology to improve its tax collection, according to a top tax official. Thailand’s economy, like every other country globally, has been adversely affected by the global pandemic. However, instead of raising the taxes, the Thai government has focused on streamlining its revenue collection. Blockchain technology has emerged as the solution. The department’s director-general, Lavaron Sangsnit, revealed that the country’s Excise Department will integrate blockchain technology to administer revenue collection for the fiscal year 2021. The govermment believe that blockchain will enable the department to identify “the price, import duty, and tax liability of each imported product.” The Asian country has already begun integrating blockchain in the oil industry, with the launch scheduled for the first quarter of 2021. Oil is the largest tax revenue generator in Thailand. The oil industry accounts for two-thirds of the Excise Department’s total revenue collection, approximately 200 billion baht ($6.7 billion) annually.

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Margo

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Financial Giants Are Buying Bitcoin — Tyler Winklevoss
Russian authorities have forced government officials to disclose their crypto holdings by June 2021. The disclosure process starts on January 1, 2021, the decree reads. Declarations must include information about cryptocurrency and tokens belonging to officials as well as their spouses and minor children. Officially released on Thursday, the low requires Russian officials to disclose cryptocurrency name, the total amount of held assets, the date of acquisition, as well as information about the issuer of an asset like the country of registration. The local crypto community believes that the new regulatory initiative will have a positive effect on the Russian crypto ecosystem. As previously reported, Russia’s Prime Minister Mikhail Mishustin has unveiled the government’s plans to amend the current laws for recognizing cryptocurrency as property. Sberbank, a state-owned largest Russian bank, is planning to launch a new blockchain-based trading platform with native token, ‘Sbercoin’.The bank is planning to svitch to crypto in 2021 when a new law “On Digital Financial Assets,” or DFA, is set to come into effect.

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dobryNikitos

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The prospect of growth and the introduction of blockchain into everyday life is becoming a reality.
 

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