Results of the Week 30.07.2018 - 05.08.2018
Commonwealth Bank of Australia will track the transport of goods by means of blockchain technology
Representatives of Commonwealth Bank of Australia announced the completion of the project, implying the introduction of blockchain technology in the cargo tracking system. During the first testing, it was possible to track the cargo shipped from Australia to Germany. Note that this project was implemented on the Ethereum network. The system offered by the bank stores information about containers, financial transactions and documentation in a distributed network. Thus, the participants of the transaction can receive information on-line in the online mode, about the transportation of goods.
Philippines will replenish the budget by issuing licenses for the work of crypto exchanges
The Philippine government began actively issuing licenses for the activities of crypto exchanges. For the right to get a license, 17 companies have already paid. Another 19 are under consideration. Thus, the Cagayan economic zone plans to earn $68 million. The permits issued by the Philippines will allow companies to conduct activities in the field of digital currencies and blockchain.
South Korea will tax crypto exchanges
Soon, crypto exchanges operating in South Korea may lose tax benefits. The revision of the tax legislation includes changes related to the activities of start-ups, as well as small and medium-sized companies, which include crypto exchanges. Today, such companies can apply for a tax deduction of 50-100%, in the first five years of operation. After the five-year plan, the tax deduction is reduced to 5-10%.
Criminals stole $5 million in cryptocurrency using SIM cards
Apparently, access by cybercriminals to SIM-cards users can now become very profitable for criminals. So, one of the students of Boston College was arrested on charges of involvement in a gang that hacked mobile phones. This allowed them to get more than 5 million US dollars in Bitcoin and other cryptocurrencies. In total, they managed to crack about 40 SIM-cards. Having access to the phone number, criminals could receive and access to online accounts of users.