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Inspector General: US Mint Should Consider Bitcoin's Impact

The U.S. federal agencies responsible for coining and printing currency should consider the future impact of cryptocurrencies, according to a new inspector general report. In an Oct. 16 note to U.S. Treasury Secretary Steven Mnuchin, inspector general Eric Thorson outlined a range of “management and performance challenges” that he anticipates …

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Japan's GMO Internet Unveils New Blockchain KYC Project

Japanese digital services firm GMO Internet has developed a new blockchain-based know-your-customer (KYC) tool. In an announcement, the company said that the application was specifically intended for use by banks when verifying the identities of new customers. GMO Internet explained the system in the release, stating: “The user submits the …

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Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium

Chinese search engine giant Baidu has become the latest member of the Linux Foundation-led Hyperledger blockchain consortium. In joining the group – which focuses on developing blockchain technologies for enterprises – Baidu will assist the project’s efforts alongside other member companies including Accenture, IBM, JP Morgan, R3, Cisco and SAP, among others. …

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Australia Officially Ends Double Bitcoin Tax

From next year, Australians will no longer have to pay goods and services tax (GST) on cryptocurrency purchases. Following the passing of new legislation in the country’s parliament today, the long controversial “double taxation” of cryptocurrencies – first when buying it, then later when buying items subject to the tax …

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