How Digital Assets can Improve Financial Services

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Some divorce cases take years to be finalized.

It could take years to settle assets, support, & child custody conflicts before the pair is legally divorced.

This method of dissolution makes the process of divorce simpler, resulting in a faster & more successful divorce.

They have to agree on issues that are typically the source of contention for most partners.

Divorcing without fighting over alimony payments will sound like a blessing to those who have gone through a divorce in the family law courts.

Children typically complicate a divorce proceeding.

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A member of the Financial Policy and Strategy Institute (Ministry of Finance) said that the drafting agency has abandoned the threshold of 700 million dong, and is preparing a new draft.Le Thi Mai Lien, an expert with the Financial Strategy and Policy Institute under the Ministry of Finance, said that the drafting committee has removed the threshold of 700 million dong of housing tax in the draft ban.

Lien also said that the tax threshold for the house is 700 million is only the original draft, then the Ministry of Finance to provide broad opinions.

Currently the new draft has dropped the threshold of 700 million.

However, the drafting committee has not yet finalized the tax according to market value, or construction value, or by area.Regarding the new draft, Ms. Lien revealed that the research team is actively receiving comments and finishing.

It is expected to submit new draft in the coming time and widely consult people.The expert of the Financial Strategy and Policy Institute emphasizes that property taxes are being applied in many countries around the world, with different names.These may include real estate taxes, property transfer taxes, property registration taxes, inheritance taxes, gift taxes, etc.

Most countries do not issue a separate property tax, covering all property taxes, as well as no uniform uniform format for property taxes.Countries usually only levy property taxes on real estate.

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A prenuptial agreement and a marital division of property agreement are quite identical.

Real estate, vehicles, and investments will all be included in the legal definition of "property" If a couple wants to split their assets fairly, it may make the issue easier.

This is one good reason to speak to a Property Division Lawyer about who gets what after a divorce or a death.

Couples who choose to take this route typically hire an attorney.

Property Division Lawyers are available to help draw up the terms of the arrangement and address the desires of their clients.

Each party should find its own representation.

Want to know if cryptocurrency is legal in Thailand; the one-word answer is “Yes”.

Bitcoin is legal in Thailand, though Thailand's cryptocurrency exchanges and financial institutions are under some regulations.

Thai lawmakers had passed the Digital Assets Act in 2018 that regulated the use of digital assets in the world of business.

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Digital transformation: the two words that have become like the holy grail for kinds of business innovation.

It’s almost impossible to go for any client meeting or brainstorming session these days without hearing this word, or some other variations of it, being used a couple of times.And, Wall Street is not an exception to this.

In the last couple of years, there have been considerable increases in the number of FinTech companies that have completely transformed the landscape of financial services.

The push for innovation has been constant due to the pressure of streamlining operations, rising regulatory complications, fierce competition, and changing customer demands.Learn more at Digital Transformation in Financial Services. 

Securitisation: Every Bank’s ReliefSecuritisation in financial services is a vital process for most banks.

As one would know, banks specialize in investing in financial assets, and whether it’s a personal loan, or a business venture, their main goal is to obtain a profitable return on their investments.

What happens if some loans may cannot be repaid?

Bad assets tend to be a more negative aspect on these sheets and thus banks will need to liquidate them somehow.

But as it’s possible to assume, not many other industries involve themselves in buying up bad assets.

This process allows Asset Reconstruction Companies to buy bad assets at a discounted price, while also allowing the banks to clear their balance sheets, albeit at a slight loss.A Final Financial CycleAsset Reconstruction Companies on the other hand, will attempt to collect on the assets.