5 news from the crypto world - May 6

South American exchange Buda has released a crypto tax guide for Latin American countries . The guide outlines the steps cryptocurrency traders in Chile, Colombia, Peru, and other countries in the region must follow if they want to stay out of trouble with the tax authorities. Its authors note that in some countries, such as Argentina, cryptocurrency tax laws are still being developed.

A South Korean company wants to offer blockchain-powered plastic surgery , and is targeting so-called medical tourism, foreign travelers to South Korea who visit it for cosmetic surgery. The firm MediBeu reported that its token has been listed on the South Korean Namebit exchange, as well as on the Seychelles-based BitForex trading platform. The company says that by making use of its tokens, foreign travelers will be able to reduce unnecessary fees.

China is ready to develop more regional blockchain centers . More than 10 local government authorities in less urbanized parts of the nation, including Shaanxi, Ganzhou, Jiangxi, Shandong, Fujian, Gansu and Inner Mongolia Autonomous Region, have stated that they are working on large-scale blockchain initiatives .

Ripple reported that it is already part of the ISO 20022 standards body , the global data standard for modern payments. As announced by the company, Ripple is the first member to focus on Distributed Ledger Technology (DLT). ISO 20022 is an open standard for payments and messages between global financial institutions.

Crypto analyst group TokenAnalyst has announced that it will decommission its platform and API. After two years of existence, TokenAnalyst will close its doors, and some of the team members will join the Coinbase exchange.