Australian Scammers Charge "Taxes" From BTC Holders

According to Assistant Commissioner of the Australian Tax Office, damage from the actions of scammers to date is around $ 50,000 in the cryptocurrency
13 March 2018   424

The Australian Tax Office issued a warning for residents of the country, in which it reported on persons posing as employees of the agency and demanding payment of tax debts in bitcoins and other crypto-currencies. This is reported by news. com. au.

According to Assistant Commissioner of the Office Kath Anderson, the fraud is not wide-ranging. According to their estimates, the damage from the actions of scammers to date is about $ 50,000 in the cryptocurrency.

Scammers contact the victims by phone, SMS or email and ask them to pay through one of the bitcoins-terminals, the number of which in Australia has recently increased significantly.

Email Scam
Email Scam

At the same time, tax officials urge citizens not to forget on time to make payments to the state treasury in accordance with the requirements of the law.

Crypto Exchange White Label Service launched by OKEx

OKEx, one of the biggest exchanges in the world, has declared the run of a crypto exchange creation programme ‘Digital Asset Exchange Open Partnership Program’
20 June 2018   73

The announcement claims that the programme is intended to “nurture a new generation of digital asset exchanges”. To establish a new crypto exchange, interested parties have to provide OKEx with a domain name, logo, and specialties of the management team. They are assured to possess “solid industry experience, quest for service excellence, and strong industry influence.”

Applicants should also deposit 500,000 OKB tokens into their accounts. This equals around $2.5 million at the present rate, according to coincodex.com. OKB is a utility token that were first sold in March of this year in packages of up to 100, each costing $100. They can be applied to settle transaction fees on the exchange and traded for Bitcoin, Ethereum and Tether.

The applicants will get access to OKEx’s fitting system (which links up buy and sell orders), cold and hot wallets (offline and online cryptocurrency storage), clearing system (which handles money transfer), client support system, and know-your-customer and anti-laundering systems. They will also get support from the OKEx technical team.

100 places are suggested by the programme in its first phase. It is anticipated to start in July. The announcement also points out the setup that the new exchanges must have. They will develop their own native tokens, and distribute them as follows:

  • 25 percent to themselves;
  • 24 percent to OKB holders;
  • and 51 percent to be mined.

OKEx explains the mechanisms by which the tokens will be mined/released. The term white label was firstly invented in the music industry - a white label vinyl record was a release so new that it had not yet been labelled, a much sought-after thing. Presently it cites to a service or product manufactured by one company and sold to another for re-sale under a different brand name.