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SEC flags Gaza's digital currency Xian Coin


BusinessWorld
June 7, 2021 | 12:06 am
THE Securities and Exchange Commission (SEC) flagged Xian Coin, which is an unregistered “digital currency” promising big returns with Christian Albert Gaza or Xian Gaza as the sole issuer.
Xian Coin is said to be a centralized digital currency powered by the Etherium Blockchain traded exclusively by its coin holders. A blockchain or distributed ledger is a “peer-to-peer” database across computer networks, recording transactions that may never be altered.
“Unlike other digital assets which are decentralized and use consensus [mechanisms] such as proof-of-work/proof-of-stake or mining and whose value is dependent on supply and demand, Xian Coin is centralized, pre-mined or generated and whose supply and purported value is controlled by Xian Gaza,” the SEC said. ....

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NODE40 Partnering with Sovos to Serve Organizations in the Digital Asset Space


NODE40 Partnering with Sovos to Serve Organizations in the Digital Asset Space
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NODE40 has announced a partnership with global tax software leader Sovos to offer an all-inclusive suite of Tax & Compliance Automation services for Virtual Asset Service Providers.
Together, Sovos and NODE40 give virtual asset service providers a complete tax information reporting solution [.] that will help their clients understand how to report their crypto-related income to the IRS and overcome the challenges of digital asset tax reporting compliance.
ALBANY, N.Y. (PRWEB)
April 26, 2021
NODE40, developers of NODE40 Balance, an industry-leading blockchain accounting platform has announced a partnership with global tax software leader Sovos to offer an all-inclusive suite of Tax & Compliance Automation services for Virtual Asset Service Providers. ....

Wendy Walker , Perry Woodin , Virtual Asset Service Providers , Compliance Automation , Virtual Asset Service , Decentralized Finance , வெண்டி வாக்கர் , பெர்ரி வுடின் , மெய்நிகர் சொத்து சேவை வழங்குநர்கள் , இணக்கம் ஆட்டோமேஷன் , மெய்நிகர் சொத்து சேவை ,

Update: Virtual Asset Service Provider Regime - Technology


VASP Transitional Provisions
The Virtual Asset Service Providers (Amendment) Act, 2020
( VASP Amendment Act ) is now in force, as of 15 January
2021.  The VASP Amendment Act supports the continuing
implementation of Cayman Islands virtual asset service
provider regulatory framework by allowing persons engaged in the
provision of virtual asset services ( VASPs ) to continue
operating as the provisions of the Virtual Asset (Service
Providers) Act, 2020 (the Act ) are commenced. 
Notably, the VASP Amendment Act brings the Virtual Asset (Service
Providers) (Savings and Transitional) Regulations, 2021
( Savings and Transitional Regulations ) into
effect.
The Savings and Transitional Regulations provide that:
(a)    a VASP who:
        (ii)    is not an ....

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