Dish Network to Patent Blockchain Anti-Piracy System

The system will allow owners to embed an id mark in a content code that can be stored and  updated using a blockchain
14 January 2020   113

One of the largest US television providers has filed a patent application for a new “anti-piracy system” on the blockchain, allowing content owners to track its use.

The Dish Network patent application describes a system that allows owners to embed an identification mark in a content code that can be stored and regularly updated using a distributed ledger. Dish says the system will help better monitor and enforce property rights by warning platforms when their materials are used without permission.

According to the application, one of the main problems with Internet streaming of streaming video is that it is becoming increasingly difficult to combat piracy. Video owners find it difficult to track a large number of distribution platforms. Although pirated content can be quickly removed after being discovered, at this point videos are often viewed more than a million times.

Dish Network’s anti-piracy system will use blockchain to embed content owner data in code. Only copyright holders will be able to download and update this data. In addition to serving as a means to more effectively verify copyright, the system is also able to help online streaming platforms, enforce property rights, and take action against pirated videos.

Based on the application, it is not clear whether the Dish Network proposed anti-piracy system will work on its own blockchain or on an existing platform. The system also allows video distributors to buy content directly from owners. Users will be able to pay owners in fiat currencies or crypto assets, and in return will be able to receive unique identification tokens that allow them to use the content.

Identity tokens can be customized to give distributors access for a limited time or the ability to edit videos on specific platforms. If the distributor does not have the appropriate access rights, the system can automatically notify the owner of the materials that they are used without permission.

Bithumb Filed Appeal Against Korean Tax Office

Looks like the korean exchange doesn't really want to pay an additional tax worth $67 000 000
16 January 2020   97

The South Korean cryptocurrency exchange Bithumb has filed a complaint against the National Tax Service (NTS) because of the requirement to pay additional taxes for the transactions of its foreign customers.

The company claims that cryptocurrencies do not have an official status in the territory of South Korea, which is why the authorities cannot have sufficient reasons to levy any taxes.

The tax court will have to decide within 90 days whether to retain or withdraw from Bithumb the obligation to pay the $ 69.1 million tax that was assigned to it by NTS in November. The Office declares that the withdrawal of income from accounts in Korean won by foreign residents is a taxable event. It is assumed that the exchange itself had to withhold tax from its foreign customers.

We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.

 

Bithumb

 The ministry has its own position on this issue.

Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.

 

Choi Hwoa-in

Adviser to Financial Supervisory Service

According to the expert, the NTS maneuver is well thought out and aimed at starting to levy a tax on income that is currently not taxable.

We cannot comment on the ongoing matter. We will await the judgment from the Tax Tribunal.

 

NTS

Earlier, Bithumb was ordered to pay an additional $ 67 million in tax.