Proceeds of Crime applies to digital currency businesses – UK

Part of the Proceeds of Crime Act 2002 applies to digital currency businesses based in the UK. Primary offences include: Concealment of criminal property (s.327) Arrangement of a transaction involving money laundering (s.328) Acquisition, use or possession of criminal...

Australian Senate Committee Report on Digital Currencies

The Australian Senate Economics Reference Committee released a report discussing various aspects of digital currencies (DC). The report gave a broad overview of digital currencies, opportunities and risks, tax treatment under Australian law, regulatory...

Regulatory Update – NY BitLicense and BTC in Russia

  In this week's update we discuss: - NY BitLicense - Russia's stance on BTC and BTC websites - See article here For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at...

Compliant Initial Coin Offerings

Compliant Initial Coin Offerings Source: Diacle

The Government of South Korea has announced a 5 trillion won ($4.4 billion) investment...

On August 13, the Ministry of Economy and Finance released information on Korea’s ‘Growth through Innovation’ investment plan for 2019. The plan involves focusing on 8 sectors including; future cars, drone services, new energies,...

Regulatory Update – ECJ Advocate General says ‘No’ to VAT on Bitcoin

  In this week's update we discuss: - ECJ Advocate General states that Bitcoin should be VAT exempt  For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at http://bitlegal.io/

Third Key proposing to Save the DAO from itself

Third Key proposing to Save the DAO from itself Source: Daolegal

The Israeli Tax Authority has put forward a draft tax guideline on how to...

The Israeli Tax Authority has put forward a draft tax guideline on how to treat Bitcoin. The announcement on the 11 January 2017 in their official publication sets out these proposed guidelines. The official...

NY Bitlicense definitive framework [pt.3]

  Capital Requirements The Superintendent determines the amount and form of capital a Licensee must maintain at all times to “ensure the financial integrity of the Licensee and its ongoing operations.” The Licensee’s finances and market positioning strongly...

ECJ General Advocate states that Bitcoin should be VAT exempt

Today, General Advocate Juliane Kokott stated in her Opinion to the ECJ regarding the Hedqvist v Skatteverket case that Bitcoin and digital currencies should not be subject to VAT. The provision of an exchange service...