Singapore’s proposal to exempt crypto from a goods and services tax would benefit crypto-related businesses, says PwC corporate tax expert.
PricewaterhouseCoopers (PwC) is an international network of companies providing professional services of consulting and auditing. The company was founded in 1849 and is currently one of Big Four accounting firms. The main office is headquartered in London. PwC cryptocurrency involvement started in 2015, when PwC conducted a Consumer Cryptocurrency survey in order to find out how many Americans knew about Bitcoin. The next year, the company released a blockchain-based system named Vulcan, which was designed to handle financial operations such as personal finance, banking, asset management, etc. The year after that, PwC launched a startup aimed to support businessmen working within the blockchain and fintech industries. In 2017, the PwC Hong Kong office started accepting cryptocurrency as a payment method. Recently, the company has announced a new application of PwC for cryptocurrency accounting.
- Bank of England Governor: Libra-Like Currency Could Replace US Dollar
- House Financial Services Committee Will Continue Libra Review
- US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme
- Cointelegraph Launches Korean HQ in Seoul, Expanding Presence in Asia
- Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long