New Zealand’s tax authority has issued new proposals in regard to crypto on the Goods and Services Tax (GST)-related policy and is seeking public feedback on the issue. On Feb 24, New Zealand’s Inland Revenue Department (IRD) released a paper, which includes proposals on the improvement and simplification of tax invoice requirements and exclusion of […]
The Inland Revenue Department of New Zealand has legalized crypto salary payments in the country. The ruling will take force on September 1st this year and it will have a period of three years…
In a press release on Friday, New Zealand’s ASB Bank has announced that it has successfully exported meat from its country to a South Korean importer on the blockchain network while running the traditional system in parallel with it. The export was reported as the first ever “bank-led export on blockchain”.
Even though Cryptopia ended up with Liquidation post the major hacking incident, its founder Adam Clark is still headstrong. Apparently, the founder-developer is trying to set up a new venture. The new business of Adam goes by the name Assetylene. Though the new startup is in its baby phase, it still markets itself as “New […]
Ant Financial Services Group and Bayer are planning to launch a blockchain-powered agriculture system. It will use the distributed ledger technology to track the agricultural product and the supply chain…
Switzerland-based food retail giant Nestlé has also announced to implement a blockchain-based supply chain to track its product. The company is partnering with OpenSC for this pilot project. It is the first major food and beverage company to initiate the blockchain technology in this manner.
Microsoft files application suite based on blockchain and Artificial Intelligence (AI) in Brazil. These applications will help to improve productivity in agriculture. The technology is going by the name of FarmBeats. It will make use of blockchain, drones. IoT, AI, and big data for efficiency. This application suite has already been used in the U.S., […]
Grant Thornton, the hacked exchange Cryptopia’s liquidator has released a financial statement of the firm. According to the document, the company owes $4.22 million to its creditors. Apparently, there are 69 claims as creditors seeking a total of $2.439 million. Liquidators say that they are expecting more of such claims in the coming days. The […]
To check the quality of European wines and provide consumers with authentic info about the product, Ernst & Young Launches Blockchain Platform. It goes by the name of TATTOO Wine Platform. The system is developed by Blockchain Wine Pte. Ltd. It makes use of EY’s OpsChain solution. The info about the new blockchain system comes […]
New Zealand-based blockchain industry blockchainNZ will ask for national blockchain policy from the administration next Thursday. The official chief of Blockchain NZ, Mark Pascall, will give an introduction about the parliament’s economic development, science, and innovation to a select board of trustees. The hearing will be on the potential financial benefits of executing blockchain tech […]