German tech magazine t3n has announced it will now allow employees to receive a portion of their salary in bitcoin. The news is the result of a partnership between t3n and local bitcoin startup PEY, which is now developing a payment solution for bitcoin merchants with US-based startup BitPay. t3n said it has been conducting a trial of the payroll service since November, with employees receiving Euro 20 worth of bitcoin with each paycheck. From here, however, workers will be able to adjust this payment, depending on their risk tolerance.
The Dutch central bank has committed to developing an internal blockchain prototype dubbed "DNBCoin", according to a recent publication. Buried in the latest annual report from the De Nederlandsche Bank, published on 16th March, is a tiny item detailing the experiment. Elsewhere in the report, DNB posits that blockchain tech could improve its business â€“ a possible indication of how it may look to apply lessons learned from the DNB project. Described only as a "prototype coin based on blockchain technology", there are no details on the project's release or objectives.
Roger Ver has offered US presidential candidate Bernie Sanders $100,000 in the form of a bitcoin donation he'll make in his name to a charity if he'll engage in a debate with Iraq War veteran and talk show host Adam Kokesh.
The offer made in a video posted to Kokesh s YouTube channel is in response to video posted by the Occupy Democrats in which Sanders talks about wealthy US citizens renouncing their citizenship.
"Your policies are clearly intended to help," Ver, a bitcoin angel investor and advisor to wallet service Blockchain, said in the video.
Germany's top securities regulator published an internal journal last month with a cover story on the topic of blockchain tech, exploring its inner workings and offering early hints at how it views the emerging technology. In a newly published English translation, the agency, known as the Bundesanstalt fÃ¼r Finanzdienstleistungsaufsicht, or BaFin, explored potential applications of distributed ledgers, including its use in cross-border payments, interbank transfers and the storage of trading data. Though light on regulatory details, the publication suggests that BaFin sees a possible future in which the technology reshapes how some elements of the financial system function, though it posits that this outcome is far from certain.
The Australian government has announced that it will back a legislative solution to tax concerns surrounding bitcoin as part of a broad policy statement on financial technology. Under current tax guidance in the country, bitcoin is considered a form of barter rather than a form of money. Australian businesses must pay goods-and-services tax (GST) if they sell digital currencies, and can be liable for the tax should they receive them as payment. This policy has sparked criticism from the startup community in Australia, who argue it creates an unfair tax environment. Last summer, the Australian Senate called for proposals to resolve the problem in a report on digital currencies.
The Australian Securities Exchange (ASX) CEO who championed the company's adoption of blockchain technology has resigned amid accusations of bribery against his previous company. In the search for a replacement, it remains to be seen if Elmer Funke Kupper's resignation will impact a wide range of plans for the exchange. Local news sources are already beginning to speculate the transition could impact those that were perhaps more controversial, such as its investment in blockchain technology.
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