Turkey’s Crypto Assets Bill in Parliament – What Awaits Us?
Turkey is about to enact its much-anticipated crypto law, but will this be enough to satisfy the sector’s concerns and get the country off of the FATF’s grey list? E. Mümtaz Hacıpaşaoğlu & Alp Mete Şirin The increasing importance of crypto assets globally has prompted Turkey to take action. The long-awaited “Crypto Assets Law” has […]
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 […]
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 -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, […]
Comprehensive Analysis of Recent Side Chain Hacks
The development of blockchain technologies is not all lavender and roses… In the last year, the world has experienced three major side chain hacks, the total sum of which exceeds $1.5 Billion. Even though several precautions are adopted to minimize the adverse consequences, the way things are going, people’s stance toward side chains will probably […]
Argentine Crypto News: IMF’s Approval Has Landed
In our last Argentine News, we have covered the Argentine Government’s application for Extended Fund Facility and its current and possible impactions on crypto companies operating in the Argentine regional market. And now here we are to provide more on the issue following the IMF’s approval. On March 25, 2022, International Monetary Fund (“IMF”) has carried […]
Dubai’s First Crypto Law: Law on The Regulation of Virtual Assets
The Emirate of Dubai has been introducing various innovations for entrepreneurs and investors of blockchain technology, rising to be a regional and international hub in the industry. It has already spent several years egging the sector participants to hold its position internationally and made a lot of promises in this regard. Such innovations and incentives […]