Decentralized autonomous organizations: Tax considerations

Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders.

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Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’

Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment

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South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia

The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it now projects South Africa’s gross

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ElevenLabs Expands AI Audio Resources to Aid Domestic Violence Survivors

ElevenLabs partners with WorkHaven to provide AI-generated audio resources in nine languages, enhancing accessibility for domestic violence survivors in the Verdella program. (Read More)

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India Poised to Leapfrog Major Economies, Becoming World’s Second-Largest by 2075, Goldman Sachs Report Predicts

In a recent report, Goldman Sachs Research details that India is set to outpace Japan, Germany, and the U.S. to become the world’s second-largest economy by 2075. The financial institution’s researchers predict a dramatic expansion in India’s gross domestic product. Economic Shift: Goldman Sachs Predicts India’s Ascent to World’s No. 2 Economy In a report

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