PwC accepts its own first bitcoin payment

‘Big 4’ accounting giant decided to use bitcoin payment with its partners
30 November 2017   1067

The one of the largest accounting companies PricewaterhouseCoopers (PWC) has used its first bitcoin payment for its advisory services. PwC in Hong Kong is working with a several startups which involves in bitcoin and the wider cryptocurrency industry. That's why PWC decided to accept the bitcoin cryptocurrency.

Also PwC called that it will give advice to clients about crypto funds and investments, cryptocurrency exchanges and initial coin offerings.

This decision helps illustrate how we are embracing new technology and incorporating innovative business models across our full range of services.

 

Raymund Chao

PwC Asia-Pacific chairman

PwC became the second from ‘big four’ accounting companies who accept bitcoin as payments for its services. The first firm was Ernst & Young (EY) from Switzerland which accepted bitcoin for auditing and advisory services. Also EY installed a Bitcoin ATM among its offices. EY is providing employees with a digital bitcoin wallet within its in-house EY wallet app.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   270

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.