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Commonwealth crypto linkedin
The victim was later informed by MTN that the offer was only available to the first 1, customers. Gelman argued that no note was attached to the offer, alerting consumers to the existence of any terms and conditions. In its defence, MTN responded that it was not a requirement to include an asterisk, citing the Vox Fibre v. In its real design, crypto is supposed to be operated separately from the traditional means of financial regulations.
But while this gives users freedom and privacy in handling money, it opens the door to numerous untraceable losses through crypto scams. South Africa put out some rules last week to tighten crypto oversight. Why is the license needed? The license requires crypto operators to ensure standard anti-money laundering practices and due KYC for all customers. Also, transactions between all parties are to be recorded. In all, the license serves as the seal of genuineness for Batswana, protecting them from the prevalent horrors of crypto scams.
With this partnership, Cellulant users will be able to shop online from any part of the world where Mastercard is accepted, even without bank accounts. By focusing on the provision of multi-use, omnichannel digital payment solutions, Mastercard is enabling its partners, such as Cellulant, to improve their operational efficiency, diversify their revenue, and transition seamlessly into digital commerce.
We see the increasing proliferation of fintechs as a strategic opportunity to add value by creating more connections, better user experiences and greater choice for consumers. The company has been bullish on its goal of bringing one billion people, and 50 million SMEs into the digital economy by , and this partnership with Cellulant is a step in the right direction.
Over the last two decades, Cellulant has built an impressive platform that provides businesses in 35 African countries with a frictionless payment experience. As one of the biggest and oldest fintechs on the continent, Cellulant understands the market and has refined its strategy such that it now prioritises customised payment integrations for merchants. This measure will exempt battery, hydrogen fuel cell and plug-in hybrid electric cars from fringe benefits tax and import tariffs if they have a first retail price below the luxury car tax threshold for fuel-efficient cars.
The car must not have been held or used before 1 July so it will not apply to a vehicle you already own. Reversing this decision will maintain the status quo — effective lives of intangible depreciating assets will continue to be set by statute. The Paid Parental Leave Scheme will become more flexible for families so that either parent is able to claim the payment and both birth parents and non-birth parents are allowed to receive the payment if they meet the eligibility criteria, to take effect from 1 July Parents will also be able to claim weeks of the payment concurrently so they can take leave at the same time.
From 1 July , the Government will start expanding the scheme by two additional weeks a year until it reaches a full 26 weeks from 1 July Sole parents will be able to access the full 26 weeks. Superannuation The Government will allow more people to make downsizer contributions to their superannuation, by reducing the minimum eligibility age from 60 to 55 years of age. This measure will have effect from the start of the first quarter after Royal Assent of the enabling legislation.
Importantly these contributions do not count towards non-concessional contribution caps and both members of a couple can contribute, so it can be a very attractive strategy. At the member level, there are no major changes to superannuation, with the proposed relaxation of residency requirements for SMSFs, which was to apply from 1 July , not taking effect until the income year commencing on or after the date it has been legislated.
This can offer very attractive savings so if you are not currently eligible for the health card, it is worth looking into. The Government will also freeze social security deeming rates at their current levels for a further two years until 30 June , to support older Australians who rely on income from deemed financial investments, as well as the pension, to deal with the rising cost of living.
In a rising interest rate environment, this will be a welcome change for many who receive social security benefits. In addition, the assets test exemption for principal home sale proceeds, that is, if you sell your home will be extended from 12 months to 24 months for social security purposes.
The income test will be changed, to apply only the lower deeming rate, currently 0. This effectively reduces the out of pocket cost for PBS medicines. Housing While a number of housing initiatives were announced, these will be relatively targeted. In addition to several existing measures, the Government will establish the Regional First Home Buyers Guarantee to support eligible citizens and permanent residents who have lived in a regional location for more than 12 months to purchase their first home in that location with a minimum 5 per cent deposit, with 10, places per year to 30 June
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