cryptocurrency

Ten trends driving cyber security in 2019

David Ferbrache, chief technology officer in KPMG’s cyber security practice, has highlighted ten cyber security trends we can expect to see in 2019. Here they are: 1. Coming of cyber warfare Countries will continue to invest in attack infrastructure as they have over the past few years. The most recent US intelligence worldwide threat assessment suggests tha […]
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Luxembourg’s taxation of virtual currencies is competitive in EU

On 26 July 2018, the Luxembourgish Tax Authorities (ACD) published a circular that seeks to clarify the tax treatment of virtual currencies, particularly in the context of disposals and mining. The ACD has taken the stance, currently a mainstream one, that virtual currencies are not considered official currency: under the current paradigm, money is money only […]
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Solving VAT fraud, once and for all, with blockchain

1954 marked a milestone in the history when, in Edina, Minnesota, construction began on the first-ever modern-era shopping mall. The “Southdale Center”, which still exists, was the first fully enclosed, climate-controlled shopping centre in the world, boasting space for 70 shops. The same year, in France, tax authority director Maurice Lauré introduced a […]
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When information overload sneaks up behind you

In a recent article published in the Journal of Information Science, Dr Deepak Saxena (Dublin Institute of Technology) and I postulated that managers frequently struggle with the amount and variety of (digital) information available to their businesses. We based our findings on empirical evidence from the tourism industry, but it appears that this phenomenon is […]
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Where do you record digital currency on your balance sheet?

Not too long ago, the hype around digital currencies exploded, with bitcoin being the flagship cryptocurrency in popular conversation. Everyone raved about the new payment instrument which would swiftly conquer the financial world. Even if all that has cooled off somewhat now, digital currencies have not gone anywhere—indeed, they are spreading, with 100,000+ […]
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Three opportunities for fintech companies

Recently I attended the Future of Fintech Conference, where a major theme was the disruption of the financial services industry by clouds, machine learning, blockchain, and other technologies. Speakers reflected on how the bigger fish (e.g. NASDAQ, Bank of America, MunichRE) and smaller fish (e.g. Robinhood, Affirm, SoFi) have acted on and reacted towards these […]
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