Crypto Payments accepted in South Korean Hospital

The digital currencies are being considered to be adopted in future: a hospital in South Korea declared its decision to accept crypto payments
07 June 2018   985

The hospital placed in Seoul has made provisions for patients who decide to make payment in cryptos. KMP Health Care Seoul made its decision to make a greater use of the emergence of the blockchain world with a presentation of an electronic wallet and an exchange platform. South Korea is known to be one of the few states that can decide the price direction of the cryptocurrencies in the market.

The hospital has decided to process with Coingenes, that happens to be the exchange website although which medical expenses can be paid using the Life Care Global Coins accepted by the hospital. With a wallet, bills can successfully be settled without any hindrance.

We plan to continue expanding our services and technology platform to enable many people in Korea to enjoy excellent medical services and help overseas patients easily access Korean medical services. With the aim of introducing medical services to patients of various classes and overseas patients by utilizing the latest blockchain technology, KMP Health Care Seoul has built a system to take LCGCs Life Care Global Coins issued by GCM instead of cash. 
KMP Health Care Seoul
Hospital, South Korea

The hospital affords many services such as skin cosmetic surgery, outpatient treatment, and many others. The decision to accept payment through the above named exchange platform and its associate cryptocurrency is to jump the slow in the p2p transactions. With all these decisions and impacts, it can be claimed that cryptocurrencies are slowly building themselves to take their place in the the global economy.

Brazil to Require Exchange to Report on User Transaction

It is reported new rules are aimed at countering tax evasion with cryptocurrency
20 June 2019   109

The Brazilian Federal Revenue Secretariat has obliged both local and international cryptocurrency exchanges to transfer data on user transactions to the agency, Cointelegraph reports.

New rules are aimed at countering tax evasion with cryptocurrency.

In particular, the Secretariat requires local trading platforms to provide information on all transactions of its users, and from global exchanges when the amount of the transaction exceeds 30,000 Brazilian reais (about $ 7,750).

In addition, the exchanges will have to inform the Office of the nationality, place of residence and user registration number, as well as the assets they use.

New rules will come into force in September 2019.

Earlier in June, it was reported that the J5 Group created by the tax authorities of the USA, Australia, the UK, Canada and the Netherlands is currently investigating 60 major international schemes for tax evasion using cryptocurrency.