Donald Trump Vs. Kamala Harris, Who's Pro Crypto? Guess and Get a Chance to Win 10,000 USDT!

Explore the 2024 US Election battle between Donald Trump and Kamala Harris, and how their policies impact the crypto ecosystem. Discover Trump’s pro-crypto stance and his potential to shape the future of Bitcoin mining, along with the latest market reactions. Plus, join Bitrue's Election Forecast contest for a chance to win 10,000 USDT!

The United States General Election has attracted the attention of the global community, including crypto activists. During the campaign period, investors in the crypto ecosystem highlighted the views of the latest US presidential candidates, namely Donald Trump and Kamala Harris, on crypto. Donald Trump is indeed more open to the crypto ecosystem, including his plan to make America a center for Bitcoin mining.

So, who is superior in the 2024 US Election? Is Donald Trump still wanted to be the next US President compared to Kamala Harris by crypto activists? Or is Kamala Harris now superior in electability and able to attract the attention of crypto activists at the last second of the election?

Read the full and detail explanation in this article. You also have the opportunity to win 10,000 USDT in the Election Forecast contest currently being held by Bitrue.

US Election Battle: Donald Trump Vs. Kamala Harris

On November 5 local time, the US Election was officially held. Eligible Americans flocked to cast their votes for the candidate they wanted to become US President in the upcoming period. Donald Trump and Kamala Harris finally officially competed after campaigning for the past few months.

In the live report of the US Election when this article was written, it was known that Donald Trump was ahead in the vote acquisition by a fairly narrow value, namely 51.2% compared to 47.4%.

In the recording of this temporary report, Trump was seen to be ahead in various regions, such as Texas, Mississippi, Florida, and others. Meanwhile, Kamala Harris was ahead in more flashy areas, such as New York, California, and Washington DC.

For information about the Election system in the United States, today's US Election voting is not the end. The elected president will be determined from the election conducted by the Electoral College where its members are also elected today. The election by the Electoral College will be held in December 2024.

Is Donald Trump More Pro Crypto Ecosystem?

The crypto ecosystem highlights in detail about the 2024 US Election. This is because the newest President of the United States is the one who determines how new regulations in the crypto and blockchain world will be in the future. Moreover, the SEC is often highlighted because of its very complicated rules regarding crypto licensing.

During the campaign, Donald Trump received a lot of praise from crypto activists. His plan to remove SEC members, his desire to make America a center for Bitcoin mining, and even his action of making payments at a pub using Bitcoin received a lot of praise.

On the other hand, Kamala Harris received less attention in the crypto ecosystem. Kamala Harris is not as old-fashioned as Joe Biden, but her plans for the crypto ecosystem have disappointed many. Especially when she explained about crypto and blockchain regulations during the campaign but did not use terms related to these things at all.

However, during the US Election campaign, there were many movements to support both candidates. Both Donald Trump and Kamala Harris received donation support for campaign costs. In fact, Joe Biden, one of the early candidates before Kamala Harris who later withdrew, also received "tips" from crypto activist groups.

Bitcoin Price Rises Significantly on Donald Trump's Lead

As predicted, the 2024 US Election contest is indeed a determinant of how the ecosystem will run in the future. Big investors flocked to show support for their favorite candidates and this caused the crypto ecosystem to experience significant price changes in the last 24 hours.

Surprisingly, Bitcoin price today even experienced a drastic increase and recorded its latest ATH, which was at $ 75,000, whereas previously BTC's ATH was at $ 73,800. Many investors are betting and along with Donald Trump's superiority, crypto tokens are experiencing price strengthening.

At the time of writing, Bitcoin is trading at $74,065 with a 7.72% increase. In 24 hours, BTC was at its latest ATH, which was $75,407. As can be seen in the price chart above, the BTC RSI value is very high at 74.79, which means the buying trend is very high and can result in overbought.

Not only Bitcoin, various other tokens also experienced a significant increase in price. Ethereum recorded its latest price at $2,626 after experiencing an increase of 8.39%. Solana's price increase even reached 15.73% so that it is now trading at $186.32.

Don't forget about memecoin which also received sharp attention during the campaign period. Moreover, there is a meme token as a parody of Donald Trump, namely $TRUMP. However, unfortunately, currently, the TRUMP token has actually experienced a price decrease of 0.53% so that it is traded for $3,738.

Conclusion

Donald Trump Vs. Kamala Harris in the 2024 US Election will indeed determine the fate of the crypto ecosystem in the future. Crypto activists support one of the candidates, including major investors. If the candidate is elected, will the crypto ecosystem have friendlier and clearer regulations than now?

For those of you who want to participate in the 2024 US Election, but are not American citizens, you don't need to be sad. Because, you can guess who will be elected as the next US president by following the Election Forecast currently being held by Bitrue.

You can choose Donald Trump or Kamala Harris as your champion. And if your choice is correct, you have the chance to win 10,000 USDT! How to participate? Immediately see the contest "Who Will Be Elected U.S. President, Trump or Harris?" which is on the Bitrue website right now!

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

This Press Release has also been published on VRITIMES

 

e-Invoicing Compliance in Malaysia: What Business Need to Know

As Malaysia progresses with its digital transformation, e-invoicing compliance has become a critical consideration for finance leaders. The government's push toward mandatory e-invoicing is a step to streamline tax processes and enhance transparency. Beyond regulatory requirements, e-invoicing allows finance teams to improve operational efficiency, reduce errors, and gain real-time financial insights. This guide provides a comprehensive overview of e-invoicing compliance in Malaysia, focusing on how finance leaders can prepare for and benefit from this transition.

E-Invoicing Compliance in Malaysia: Key Steps

1. Understanding the Mandate

Malaysia's e-invoicing compliance mandate requires businesses to adopt digital invoicing processes. This move aims to enhance tax transparency, improve accuracy in reporting, and align Malaysian businesses with global digital standards.

Why It Matters

Compliance isn't just about following regulations; it also offers significant operational and strategic benefits. By minimizing errors, streamlining audits, and improving cash flow, e-invoicing compliance for Malaysia brings long-term value to financial operations.

2. Key Compliance Requirements

To meet Compliance, businesses need to adopt specific processes and standards that align with the government's guidelines:

Invoice Standardization

All e-invoices must follow a prescribed format to ensure uniformity in submissions.

Data Validation

Each invoice should undergo validation checks before submission, preventing rejections due to errors.

Secure Submission

E-invoices must be submitted through approved platforms that ensure data security and Compliance.

Digital Storage

Companies must store e-invoices securely for easy retrieval during audits or reviews.

3. Implementation Challenges

Implementing e-invoicing compliance may pose several challenges, especially for businesses integrating it with existing processes:

System Integration

Many organizations need help aligning new e-invoicing systems with existing ERPs (e.g., SAP, Oracle). Choosing a compatible solution is critical to avoid workflow disruptions.

Data Security

With digital invoicing, businesses must prioritize data protection to secure sensitive financial information.

Team Training

Training finance teams on new digital processes ensures smooth adaptation and reduces operational disruptions.

4. Strategic Benefits of E-Invoicing Compliance

Beyond regulatory adherence, e-invoicing compliance for Malaysia offers a range of advantages that support operational efficiency and financial clarity:

Reduced Errors

Automation reduces manual data entry, minimizing errors that could lead to costly corrections.

Improved Cash Flow

Faster invoice processing results in quicker payments, which boosts cash flow control and predictability.

Enhanced Transparency

Digital records make it easy to retrieve transaction histories, simplifying audits and enhancing financial transparency.

5. Action Plan for Finance Leaders

To prepare for Malaysia's e-invoicing compliance, finance leaders should follow a structured plan to ensure a seamless transition:

Assess Current Systems

Evaluate existing invoicing and financial processes to identify integration needs.

Select a Compliance-Ready Solution

Opt for an e-invoicing solution that meets regulatory standards, offers data validation, and ensures secure submission.

Train and Monitor

Provide training for the finance team and implement regular compliance checks to ensure processes align with evolving requirements.

Critical Phases of Malaysia's E-Invoicing Mandate: A Timeline to Follow

Malaysia's e-invoicing mandate is set to roll out in phases, targeting different business segments over time. Finance leaders should stay updated on this timeline to ensure compliance readiness and proper resource allocation.

Phase 1 – Large Enterprises: The initial focus is on more giant corporations with the resources to implement e-invoicing systems swiftly.

Phase 2 – SMEs and Mid-Sized Businesses: The following phases will include smaller businesses, allowing additional time for preparation.

Full Compliance: All businesses will eventually need to comply, regardless of size, making it crucial to plan early.

Planning according to each phase helps finance teams manage resources efficiently and integrate compliance measures smoothly into daily operations.

Compliance Requirements for E-Invoicing in Malaysia

To meet e-invoicing compliance, finance teams must implement systems that adhere to specific requirements:

Invoice Standardization: E-invoices should be generated in the format specified by tax authorities, ensuring submission consistency.

Automated Data Validation: Each invoice must pass validation checks to avoid rejections due to errors or missing information.

Secure and Compliant Submission: E-invoices should be securely submitted directly to tax authorities through approved e-invoicing platforms.

Digital Storage for Audits: E-invoices need to be stored in a way that is secure yet easily accessible for audits and reviews.

Investing in an e-invoicing solution that fulfills these compliance requirements is essential for efficient and error-free financial management.

Addressing Common E-Invoicing Compliance Challenges

Implementing e-invoicing compliance involves aligning current processes with new requirements. Key challenges include:

System Integration: Choosing an e-invoicing solution that integrates seamlessly with existing ERP systems like SAP, Oracle, or Netsuite is crucial to avoid workflow disruptions.

Data Security and Compliance: With digital transactions, maintaining data security is essential to protect sensitive financial information.

Team Training: Transitioning to a digital invoicing system requires thorough training for the finance team to minimize disruptions.

Addressing these challenges early on allows finance teams to maintain Compliance while streamlining their operations.

Preparing for E-Invoicing Compliance: An Action Plan

An effective e-invoicing compliance strategy starts with proactive preparation. Here's a step-by-step plan for finance leaders:

Evaluate Existing Financial Systems: To understand integration needs, assess your current invoicing and financial systems.

Select a Compliance-Ready E-Invoicing Solution: Choose a solution that meets Malaysian regulatory standards, offers automated data validation, and ensures secure submission.

Enhance Data Security Protocols: Implement robust cybersecurity measures to protect sensitive financial data.

Train Finance Teams: Provide training to ensure the finance team is prepared to operate new systems effectively.

Monitor Compliance Regularly: Review e-invoicing processes to ensure they remain compliant, especially as new regulatory updates arise.

By adopting this approach, finance leaders can ensure a smooth transition to e-invoicing compliance and maintain operational continuity.

Strategic Benefits of E-Invoicing Compliance for Finance Teams

E-invoicing compliance provides several strategic advantages for finance teams, enabling them to shift from a transactional role to a more strategic one:

Real-Time Financial Insights: E-invoicing offers real-time invoicing data access, aiding in cash flow management and strategic planning.

Simplified Audit Process: Digital records streamline audit processes, reducing preparation time and resources.

Improved Cash Flow Cycles: E-invoicing reduces manual processing times, accelerating the payment cycle and enhancing cash flow predictability.

Proactive Compliance Management: Automated systems can alert teams to compliance issues, reducing the risk of penalties due to late or erroneous submissions.

These benefits allow finance teams to strengthen financial stability while positioning themselves as strategic partners within the business.

Conclusion: Leading E-Invoicing Compliance in Malaysia

Malaysia's e-invoicing mandate represents a new era of financial transparency and efficiency. Compliance with e-invoicing requirements is mandatory and offers significant operational and strategic advantages. For finance leaders, navigating this shift requires adopting the right tools, investing in team training, and continuously monitoring compliance processes. By embracing e-invoicing compliance, finance teams can drive improved financial management, reduce costs, and enhance overall business resilience in today's digital landscape.

FAQ

What is e-invoicing compliance, and why is it required in Malaysia?

E-invoicing compliance in Malaysia mandates digital invoicing to improve tax reporting and transparency and reduce errors, aligning with global digital tax standards.

How does e-invoicing compliance benefit finance teams in Malaysia?

E-invoicing compliance provides real-time data access, streamlines payment cycles, reduces errors, and simplifies audit processes, freeing finance teams for strategic tasks.

What are the phases of the e-invoicing compliance rollout in Malaysia?

The rollout begins with large enterprises, followed by SMEs, with Compliance eventually required for all businesses, ensuring adequate time for each phase.

What challenges should finance teams expect with e-invoicing compliance implementation?

Key challenges include:

Integrating new software.

Ensuring data security.

Training teams.

Managing initial costs, though these efforts yield long-term efficiency.

How can businesses prepare for e-invoicing compliance in Malaysia?

Start by assessing financial systems, selecting a compliant e-invoicing solution, securing data, training teams, and monitoring compliance processes for a smooth transition.

About GSTHero

GSTHero e-invoicing software for Malaysia is PEPPOL-compliant, providing businesses with a streamlined, secure solution for digital invoicing that meets local and international standards. By automating invoicing processes, it reduces manual errors, enhances data accuracy, and supports seamless interoperability across platforms. Built to fit into existing systems, this solution enables real-time invoicing and compliance without hassle, making it a practical choice for businesses seeking to stay ahead of regulatory requirements in a straightforward, efficient way.

This press release has also been published on VRITIMES

BAN Toxics to MMDA: No Lane for Waste-To-Energy on the Road to Zero Waste

Wazzup Pilipinas!?



“We call on the Metropolitan Manila Development Authority (MMDA) to steer away from waste-to-energy schemes as a municipal solid waste management solution and focus more instead on programs that would eliminate waste generation at its origin.” This was the statement from environmental justice organization BAN Toxics, following their attendance at the MMDA's two-day Road to Zero Waste Summit 2024.

The summit, which opened on November 6 at the Bayanihan Center in Pasig City, marks the MMDA's first major event focused on solid waste disposal and management. According to the summit briefer, the event is “designed to introduce and showcase different waste management practices—including products, services, and technologies that promote a more sustainable and circular economy.”

During the first day’s plenary sessions, MMDA Project Evaluation Officer Ms. Czarina Conte noted waste-to-energy (WtE) as one of the “other considerations” for the MMDA’s 10-Year Waste Management Campaign for Metro Manila. Speaking to the media at a press conference held during the event, MMDA Chairperson Romando Artes expressed hope for future access to WtE technology, stating, “hopefully, eventually, magkaroon tayo ng technology na magkaroon ng waste-to-energy (hopefully, eventually, we will have a technology that will give us access to waste-to-energy).” An MMDA audio-video presentation also referenced WtE as one of the potential solutions under consideration.

“We acknowledge the MMDA’s effort in taking a step forward toward promoting the concept of zero waste. Improving waste collection and segregation through a unified material recovery system, along with raising awareness, are commendable initiatives. However, we believe it would be a step backward to consider WtE or other burn technologies, along with other downstream measures, as the primary solutions for waste management, rather than focusing on reducing waste generation by shifting to more sustainable materials, products, and practices,” said BAN Toxics Deputy Executive Director Jam Lorenzo.

Waste-to-energy (WtE) is the process of generating energy, typically in the form of heat or electricity, by using waste as a fuel source. This is commonly achieved through direct combustion in waste incinerators. Proponents of WtE see it as a solution to reduce or eliminate waste, particularly municipal solid waste, and as an alternative to the ever-decreasing lifespan and capacity of landfills.

In a news release by the Presidential Communications Office last September, Philippine President Ferdinand R. Marcos Jr. called for the immediate passage of a “Waste-to Energy Bill” to address the flooding problem in the country. The President claimed that waste-to-energy projects have reduced flooding by 40 percent, and that WtE as a flood control measure should be implemented at the local government level, which seems to coincide with the MMDA’s 10-year program.

However, environmental organizations such as BAN Toxics view WtE as yet another contributor to environmental harm, one that would only exacerbate the so-called ‘triple crisis’ of climate change, biodiversity loss, and pollution.

According to Lorenzo, waste incineration emits large amounts of carbon dioxide (CO2) and pollutes the environment with a wide range of toxic chemicals, including persistent organic pollutants (POPs) that remain in the environment for a long time. Contrary to claims by WtE industry players, such as Holcim—one of the exhibitors at the Summit—that certain technologies reduce greenhouse gas emissions and prevent the formation of POPs like dioxins and furans, Lorenzo cited a biomonitoring project by Zero Waste Europe that reveals the true impact of waste incineration on human health and the environment.

Zero Waste Europe explains that the way emissions are currently measured only provides a limited snapshot of the incinerator’s output, meaning not all emissions are accounted for. The biomonitoring project, on the other hand, analyzed the surroundings of incinerators in some European countries using a procedure called bioassay, and revealed the presence of dioxins and furans in eggs from backyard chickens, as well as in fruit and vegetables, vegetation, and soil and water, among other environmental elements.

Lorenzo also noted that WtE facilities prefer dry inorganic waste as feedstock to maintain operations due to its high energy content. This means burning fossil-derived plastics and other non-organic fractions of municipal solid waste, which leads to increased greenhouse gas emissions. On the other hand, burning biomass or organic waste, which yields lower CO2 emissions, is also linked to the release of toxic air pollutants, such as volatile organic compounds (VOCs) and particulate matter (PM).

"WtE is not a magic solution that will simply make our waste problems vanish. It merely transforms waste into other, often more toxic forms, such as hazardous ash and air and water pollutants, which are harder to manage and frequently more harmful than the original waste," Lorenzo added.

BAN Toxics has also urged the MMDA to refine its Road to Zero Waste Program by focusing more on reducing or eliminating waste at the source through curbing production and consumption. The group suggested that a key issue the agency could prioritize is implementing a metrowide ban on single-use plastics.

"Plastic waste, especially single-use plastics, is a major contributor to flooding and is recognized internationally as a significant driver of the global climate crisis—one reason the world is now negotiating a global plastics treaty. We welcome the MMDA's statement on November 6 expressing openness to a unified policy on single-use plastics, which, along with support from all city governments in Metro Manila, could greatly strengthen their Road to Zero Waste Program by implementing a metrowide ban on single-use plastics," Lorenzo said.

Lorenzo is part of the civil society delegation to the Intergovernmental Negotiating Committee (INC) to develop an international legally binding instrument on plastic pollution, including in the marine environment. The fifth session of the INC is scheduled to take place from November 25 to December 1, 2024 in Busan, South Korea.