Category Archives: CBA

World Bank, Commonwealth Bank Team up on Blockchain Sustainable Development Project

The World Bank has chosen the Commonwealth Bank of Australia to help organize a new Ethereum blockchain bond denominated in Australian dollars. The bond is projected to raise between $50-$100 million, and proceeds will go towards sustainable development initiatives. The World Bank recently said they have chosen the Commonwealth Bank of Australia (CBA) to become the sole arranger of a

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Australia’s Biggest Bank Launches World’s First Blockchain Bond With World Bank

Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the world’s first Blockchain bond upon being mandated by the World Bank. Australia to Create Distributed Ledger Bonds The Commonwealth Bank of Australia (CBA) will reportedly create, allocate, transfer and manage the bond using Blockchain technology. The

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Azerbaijan’s Central Bank: Profits from Cryptocurrency Trading Must be Taxed

Azerbaijan, taking another step towards the legitimization and mainstream adoption of cryptocurrencies, has declared that the coins are subject to taxation in the country. Specifically, revenues generated by entities will face ‘profit tax,’ and individuals trading cryptocurrencies will be subject to ‘income tax.’ These clarifications come from Nijat Imanov, deputy director general of the Tax Policy and Strategic Research Department

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