The impacts of Blockchain technology The blockchain technology is making news. As per the news, it is not just restricted to the cryptocurrency. Instead, people are using the blockchain for many other purposes. Most of the industries around the world have figured out the importance of Blockchain technology and the benefits that are linked with it.…
Australian regulators will consider the Bitcoin (BTC) like ordinary currency beginning July 1, 2017. The crypto currency will no longer be subjected to double-taxation. This double taxation scheme is the levying of taxes on two or more jurisdictions on the same declared income for income taxes; assets for capital taxes; and, financial transactions for sales…
Cryptocurrencies have become popular in all parts of the world. The legal acceptance of Bitcoin within Japan as a payment method can be considered as a perfect example to prove the above mentioned fact. The news has officially been released by the Financial Services Agency of Japan. After the legal acceptance, The Accounting Standards Board…
At this moment in time, one of the main arguments expressed by governments against Bitcoin is that the digital currency can be used for terrorism financing and money laundering purposes, due to its trait of anonymity. According to recent reports, members of the European Parliament, also referred to as the MEP have just published a draft…
The People’s Bank of China (PBoC) has already asked Bitcoin exchanges in the country to put in place a fee system for trading. This crypto currency is gradually becoming an emerging force in the world market especially China. Numerous investors and traders are convinced that the Chinese dominated more than 90 percent of the International…
Blockchain Regulation and the Swiss Landscape
Many blockchain projects are making switzerland their registered home. In particular the jurisdiction of Zug seems favourable. The Ethereum project itself was actually one of the first projects to base its operations in Switzerland. Other notable blockchain projects to since make a Switzerland a home are Monetas and Shapeshift. There are…