What is fintech? | CNBC Explains

Published on October 15, 2021

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It’s a multi-billion dollar industry that’s changing everything from how we make purchases to how we get loans. What is fintech all about? CNBC’s Elizabeth Schulze explains.


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Banks Can Use Public Blockchains

Banks Can Use Public Blockchains, What is fintech? | CNBC Explains.

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State you offered a subscription for accessing digitized content (from numerous sources) on your Canadian site to a client in the United States. Given that there are no restrictions as to where the intangible personal effects Public Blockchains may be utilized, and the residential or commercial property is ruled out intellectual residential or commercial property (nor the arrangement of a service), the American customer is subject to G.S.T., even if he never concerns Canada.

Since they paid the G.S.T., you would not believe you would need to charge it again, would you? “Incorrect!”, smiles the Cheshire cat. Because you are a registrant located in Canada, you are required to charge and remit the G.S.T.

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