11 Mar 2020 |
Source: NATIONAL DIVISION, THE TAX INSTITUTE
We are seeing a number of technology-led initiatives aimed at restoring trust in increasingly digital and data-driven economies – digital identity, the consumer data right, regtech, blockchain, cryptocurrencies, smart contracts, AI. These emerging technologies and trends will create economic and commercial models to advise upon – but when will it all become real? With Facebook intending to launch its cryptocurrency and its financial services offering by mid-2020, over the next 12 months we expect to see strong regulatory headwinds and focussed attention on the legal and tax policy frameworks needed to encourage the experimentation and adoption of emerging technologies.