Dubai court recognizes crypto as a valid salary payment

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, partnered with American distributed ledger technology (DLT) firm Adjoint to launch a blockchain financial management and insurance solution.Telecommunications industry news outlet CommsMEA reported on Sept. 2 that the solution is the first of its kind. With this service, clients will reportedly be able to save…

Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevents him from presenting the requested books. 19 Total views 1 Total shares Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye,…

United States authorities have arrested a Russian national under allegations of money laundering — using his Instagram that promoted his rap career as evidence against him.Per court filings unsealed on March 30, an FBI investigator alleged that Maksim Boiko laundered money using cryptocurrencies, including via disgraced exchange BTC-e. The authorities also say that Boiko conspired…

Binance CEO Changpeng Zhao emphasizes the need for a proper understanding of the crypto industry by regulators and active engagement by industry players to achieve regulatory clarity. 685 Total views 15 Total shares Own this piece of history Collect this article as an NFTIn a fireside chat during the Hong Kong Web3 Festival, Changpeng Zhao…

Big Four auditor KPMG announced it had partnered with enterprise blockchain company Guardtime to offer blockchain-based services to clients in a press release on Feb. 20.KPMG, which has experimented with blockchain before, has entered into a strategic alliance with Guardtime and will work on various products and services using its platform.“Using KPMG's blockchain enablement services,…

Ohio Treasurer Robert Sprague announced the immediate suspension of the OhioCrypto.com website that allows businesses to pay taxes with Bitcoin (BTC).In an Oct. 2 press release, Sprague announced that according to an internal review, approval by the Board of Deposit was required before Ohio launched the website that allowed businesses to pay taxes with digital…

Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000. Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars usually —…