🚀 Ohio Senator Proposes Bill To Legalize Cryptocurrency Tax Payments
#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
According to PANews, Ohio Senator Niraj Antani has introduced a bill to legalize the payment of state and local taxes using cryptocurrency. The proposed legislation underscores the significance of digital currencies in the current economy, mandating that Ohio accept cryptocurrencies like Bitcoin for tax payments. Additionally, the bill would permit the state's pension system to invest in these digital assets. Antani highlighted Ohio's historical role in the adoption of cryptocurrency.#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
🚀 United Nations Revolutionizes Pension System with Blockchain Technology
#UnitedNations #PensionSystem #Blockchain #DigitalIdentity #IdentityVerification #UNJSPF #Hyperledger #BlockchainTechnology #PensionReform #GlobalPensions #Transparency #Security #Efficiency #Pilot2020 #Implementation2021 #InternationalOrganizations
According to PANews, a recent white paper from the United Nations highlights the successful reform of its pension system through blockchain technology, which is praised as the 'ultimate technology for digital identity verification.' This initiative was piloted in collaboration with the United Nations Joint Staff Pension Fund (UNJSPF) and the Hyperledger Foundation, aiming to enhance the security, efficiency, and transparency of global pension processes using blockchain digital identity infrastructure.
Previously, the UN pension system relied on a 70-year-old paper-based method to verify the identity and status of over 70,000 beneficiaries across 190 countries. This outdated system was prone to errors and abuse, resulting in approximately 1,400 payment suspensions annually. Since the pilot in 2020 and the official implementation of blockchain digital certification in 2021, the United Nations has significantly improved its management processes. Building on the success of this pilot, the UN plans to expand the system and share it with other international organizations.#UnitedNations #PensionSystem #Blockchain #DigitalIdentity #IdentityVerification #UNJSPF #Hyperledger #BlockchainTechnology #PensionReform #GlobalPensions #Transparency #Security #Efficiency #Pilot2020 #Implementation2021 #InternationalOrganizations
🚀 Swedbank Robur and Waystone Fund Management Lead Sweden's Pension Fund Procurement
#SwedbankRobur #WaystoneFundManagement #SwedenPensionFund #GlobalEquityFunds #PensionSystem #FundManagement #MarketPositions #Bloomberg
Swedbank Robur Fonder AB and Waystone Fund Management Lux SA emerged as the top performers in Sweden's recent procurement of global equity funds for its pension system. Bloomberg posted on X, highlighting the success of these firms in securing significant roles in managing the pension funds. This development marks a notable achievement for both companies in the competitive landscape of global equity fund management. The procurement process is part of Sweden's ongoing efforts to optimize its pension system by selecting top-performing fund managers to ensure robust returns for its beneficiaries. Swedbank Robur and Waystone's success underscores their strong market positions and expertise in fund management.#SwedbankRobur #WaystoneFundManagement #SwedenPensionFund #GlobalEquityFunds #PensionSystem #FundManagement #MarketPositions #Bloomberg
🚀 South Korea Considers Including Digital Assets in Pension Calculations
#SouthKorea #DigitalAssets #PensionSystem #EconomicValue #FinancialPolicy #BasicPension #MinistryOfHealthAndWelfare #Blockchain #WealthManagement
South Korea's Audit and Inspection Board has recommended changes to the country's pension system to include digital assets in the calculation of basic pension eligibility. According to ChainCatcher, the board's report highlights the economic value of digital assets, which are currently excluded from the property scope defined by the basic pension law. This exclusion allows individuals with substantial digital assets to qualify for pension benefits.
The board argues that digital assets should be recognized as property with clear economic value, despite their differing form from traditional financial assets. The Ministry of Health and Welfare agrees with this assessment, acknowledging the need to prevent relatively high-income individuals from the lower 70% income bracket from receiving basic pension benefits. The ministry supports the inclusion of digital assets in the property calculation for pension eligibility.#SouthKorea #DigitalAssets #PensionSystem #EconomicValue #FinancialPolicy #BasicPension #MinistryOfHealthAndWelfare #Blockchain #WealthManagement