Fintech
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The United Kingdom’s tax, payments and customs authority Her Majesty’s Revenue & Customs (HMRC) has reportedly requested that digital currency exchanges provide it with information about customers’ names and transactions aiming to identify cases of tax evasion. Crypto exchanges come under fire UK’s Tax Authority Requests User Data From Crypto Exchanges: Report. According to fintech-focused…
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London-based bank and financial services firm Standard Chartered has completed its first joint blockchain-based supply chain financing transaction. Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction in partnership with China-based supply chain financing service provider Linklogis. UK Bank Standard Chartered Uses Blockchain for Supply…
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Klarna has become the largest private fintech start-up in Europe after a new funding round valued the Swedish payments group at $5.5bn ahead of a potential stock market flotation. The Swedish “buy now and pay later” company raised $460m in equity from investors including Silicon Valley venture capital company Dragoneer, the Commonwealth Bank of…