GSMI Fact Card Series

The Green Economy fact card addresses the crucial need for socially inclusive, low carbon, and resource efficient economic growth. Blockchain brings transparency and credibility to the growing marketplaces for carbon offsets, addressing the global imperative to take urgent climate action across industries.

The Crypto Market fact card provides an overview of the top cryptocurrencies by market cap, top countries across the globe that have adopted cryptocurrency, top exchanges, and market dynamics.

The Central Bank Digital Currencies (CBDCs) fact card provides an overview of the global status of CBDCs, the attributes of CBDCs, and the range of design choices for CBDCs. Central banks all over the world are contemplating digitizing their local currencies in the form of CBDCs. With this new form of central bank issued money, the benefits of transparency and efficiency in transactions have to be balanced with privacy considerations and the need for adequate security measures.

The Stablecoins fact card provides an overview of the types of stablecoins, uses for stablecoins, and regulatory considerations. Stablecoins are digital assets designed to maintain a stable price. They have become widely adopted as a means to transfer value and streamline a wide range of financial services while reducing costs. Because of their role for the future of money, they have also become a major focus for global regulations.

Blockchain for Taxation #1 provides an overview of how blockchain technology can increase transparency and trust between governments and citizens. Truthful tax data reporting and a comprehensive view of taxpayer obligations and corresponding payments can bring significant benefits, and many global tax authorities are already exploring blockchain solutions. 

The Global Blockchain Business Council would like to introduce the Blockchain for Taxation #2 fact card as part of the GSMI Fact Card Series. It provides an overview of the key components necessary for a blockchain-based tax system, including quality data, and how jurisdictions can benefit. 

Blockchain for Taxation #3 provides an overview of proposed models of solutions to transition from traditional to distributed systems, where Artificial Intelligence in combination with blockchain can bring several synergies.  One model proposes an immutable notarization mechanism on the blockchain, where citizens retain their own data, and the underlying legal and regulatory considerations.