ūüďö The Australia Taxation Office (ATO) is investigating 12 tax avoidance schemes as a part of an international investigation led by the J5 group which includes Australia, the U.S., the U.K., the Netherlands, and Canada. One of the 12 schemes targeted by the ATO is said to be a global financial institution and its intermediaries, and the agency is exploring other firms that have used cryptocurrencies to assist entities evade taxes.
 
"We're seeing the use of cryptocurrencies in ways that we haven't seen before. At the Australian level, there is definitely legitimate use for investment in cryptocurrencies, but we're also seeing the use of them to facilitate tax crimes," ATO deputy commissioner Will Day said - Link


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According to recent LinkedIn post, Circle is hiring a General Partner to raise a $100M venture capital fund; the firm acquired SeedInvest earlier this year, and will be looking to leverage their deal flow and network of investors - Link


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Maker token holders have voted for which tokens will be prioritized in multi-collateral Dai; according to the votes the priority list will be Ethereum, Augur, Basic Attention Token, 0x, DigixDAO, OmiseGo, and Golem; between 39 and 50 unique voters participated in voting for each asset - Link


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According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service; this partnership will allow Blockchain wallet users to pay merchants online or on mobile - Link


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Polkadot's experimental "canary" chain launched today with the goal of providing a sandbox for developers and even encouraging them to break the protocol; Kusama mimics what they can expect in Polkadot - deploying parachains, staking, nomination, validation, and even participating in governance - Link


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Central bankers, economists, financial organizations and government representatives from around the world are meeting in Jackson Hole for a week long symposium titled "Challenges for Monetary Policy"; this year's conference is highly anticipated given the global macroeconomic situation and fears of an impending recession; focus will be on signalling from the U.S. Fed regarding a likely rate cut at the September meeting, the second since the Great Recession - Link


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