Tax

The city of Berkeley, California, is planning to create its own cryptocurrency and launch an ICO to gain financing for the city’s vital needs.

The singapore-based company, EBC Foundation, which is the organization developing the fintech project EBCoin, has announced its plans to launch a cryptocurrency exchange in Japan. In addition to their own exchange, they have also talked to some other big name exchanges in the country, such as BitFlyer, GMO, and Zaif to have EBCoin listed on them as well. The listings on these exchanges will happen soon after their crowd sale ends on February 13, 2018.

Alexander Lukashenko, the President of Belarus has signed a Decree on the development of the Blockchain-based digital economy, which also implies the official development of cryptocurrency payment acceptance, mining and trading. Moreover, tax privileges will be introduced for transactions with cryptocurrencies.

Another day has made hay of the gloomy forecasts about the downfall of altcoins.

These days, the names of cryptocurrency-related projects often include OÜ, which stands for the Estonian osaühing. Generally, it corresponds to Limited Liability Company, and implies that the company was incorporated in Estonia. The number of projects that have preferred this jurisdiction over others is steadily growing.

The government of Russia is still discussing the possibility of official acceptance of cryptocurrencies. However, several businesses are already accepting Bitcoin payments and claim that they do it absolutely legally. But how?

The Russian authorities are still exploring ways to regulate cryptocurrency transactions before making a draft of the new law for digital currency circulation. The latest proposal from the Russian Ministry of Finance states that digital currencies could be recognized as a commodity with the appropriate taxes and face obligatory customer identification.

The Financial Committee of the Ukrainian government has published a draft law that suggests changing the regulation of money transfers, including cryptocurrencies.

The Australian government has finally decided to drop the goods and services tax (GST) on digital currency purchases, including Bitcoin.