Ethereum infrastructure provider Fireblocks has been selected by NongHyup (NH) Bank to provide support for the crypto prototype it is building. The two companies have signed a Memorandum of Understanding, a non-binding agreement outlining their intention to cooperate.
In particular, NH Bank will use the Fireblocks tokenization engine as it explores the integration of digital assets into its VAT and other tax refund processes. This also includes its intergenerational transfer tax process on capital transfers from future generations.
Ethereum infrastructure provider Fireblocks has been selected by Bank of Korea for a tax pilot
2024-11-14 00:48:55
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