Portugal Crypto News—Every rejection is a redirection –or is it?
In the current framework, only the crypto that is used as a medium of payment in exchange for the performance of professional activities is being taxed in Portugal.1Apart from that, Portugal applies zero tax on crypto gains now, although, in principle, it applies a ratio of 28% of the tax for the capital gains due […]
NFT Taxes in The United States
Non-fungible Token (the “NFT”) is very popular as an investment tool of the new era. It has expanded the world of designers and artists, as well as paving the way for the investment sector in this field. One of the most critical questions that come to mind while generating income from NFT investments is the […]
From Emirates Airlines News to the Bigger Picture of “Blockchain for Aviation”
In April 2022, Emirates Airlines, one of the world’s largest airlines, introduced its plan backed with spending tens of millions of dollars on a strategy to extend its services to the metaverse and to develop collectible and utility-based NFTs.1 Recently, the Chief Operating Officer (“COO”) of Emirates, Adel Ahmed Al-Redha, has revealed that they are […]
Tips to Avoid Crypto Legal Pitfalls – I
Blockchain technology has demonstrated a wide range of use cases across numerous industries, created a growing market, and, as a result, has come under the scrutiny of many judicial and regulatory authorities. Because this wide adoption brings the possibility of certain legal liabilities, users, investors, and blockchain startups must be mindful of certain legal pitfalls […]
Portugal: First Crypto License to a Bank
As known as a crypto investment heaven because of its taxation advantages, Portugal continues to provide incentives for its citizens and businesses. Several payment firms, crypto exchanges, and financial institutions are granted a license to provide services in this industry. On March 14, Banco de Portugal, the Central Bank of Portugal, announced that Bison Bank, […]
A Detailed Comparison of Initial Offering Structures
Traditional finance allows startups to raise funds through specific methods, including but not limited to taking investments from angel investors or VCs, going public through initial public offerings (IPOs), or obtaining loans from the shareholders or accredited institutions. However, blockchain technologies introduced new crowdfunding models, which paved the way for the blockchain startups to raise […]
Crypto Taxes in Different Jurisdictions -II
Many countries have entered a busy period in tax payments, especially crypto investors, due to the arrival of the tax period. Our latest article has examined three jurisdictions, the United States, Canada, and Germany, regarding how they determine cryptocurrencies legally and approach crypto taxation. This article examines the legal status of cryptocurrencies and their place […]
Singapore Crypto News: Change of Plans Alert
Singapore has adopted a relatively neutral approach regarding the operations of crypto firms until 2022. This policy and the contribution of significant financial actors such as DBS Bank enabled Singapore to become a ‘crypto hub’ for the industry.1The strictly conservative manner adopted in China has also led Singapore to be one of the best options […]
Crypto Taxes in Different Jurisdictions -I
Cryptocurrency-related investment options have increasingly been chosen over other investment alternatives within the past few years. Due to the sudden increase in its use and fluctuations in prices, it is inevitable for lawmakers to regulate this area to control the financing and verification with the laws such as AML, KYC, and taxation. In this context, […]
Legal Framework of Wyoming DAO LLCs
Due to the rapidly growing number and diversity of decentralized autonomous organizations (DAOs) as novel organizational forms, both the participants and developers of these organizations and third parties or stakeholders such as consumers, the market, and government agencies have developed a need for legal certainty in dealing with these organizations. At this point, Wyoming DAO […]