On December 23, 2013, the Ministry of Finance of the Republic of Slovenia issued a formal opinion about the status of the bitcoin and other virtual currencies in response to a request from the Tax Administration of the Republic of Slovenia.[118] The opinion states that the bitcoin is not a monetary means under Slovenian law and not a financial instrument. According to the Ministry of Finance, the existing legislative framework does not contain provisions applicable to businesses involved in bitcoin trading.[119] However, the Ministry stressed that taxation of bitcoin income still warrants review on an individual basis.
Source
http://www.loc.gov/law/help/bitcoin-survey/#slovenia Meaning say what u want with no legal repercussion. SCAM!
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source of the text:
"The Tax Administration of the Republic of Slovenia requested a formal response from the Ministry of Finance about status of Bitcoin and other virtual currencies. About it writes portal CoinDesk. The Ministry of Finance published the official response which says that it is not a monetary means under Slovenian law and it is not a financial instrument. However, the ministry stressed that taxation of Bitcoin income still warrants a review on an individual basis. It is necessary to determine who actually generates an income, and classify what sort of income is being generated.
Thus some income will be taxed. Income made by individuals is subject to standard income tax provisions, irrespective of the form. Bitcoin income will apparently be taxed by measuring the bitcoin/euro exchange at the time of the transaction. Personal income tax is not paid on capital gains. Individuals who generate income by selling Bitcoins will not pay income tax. At that profits derived from trading and mining Bitcoin are taxed as income under the provisions of Slovenian personal income legislation."
Sadly, we are probably the only country where mining is taxed.
I doesn't matter though, we can't use bitcoins, as they are too volatile. We sell our ICO for bitcoins only in small increments, the rest is in dollars, and everything will be exchanged for fiat immediately, we'll get it on bitsamp and wire it to our bank account. Once on a bank account, the funds can only be spent by the institute for its stated purposes. We don't claim we don't require trust, but once we buy gold as the institute, we can't legally sell the institute for profit nor use the funds ourselves, this is the extent of the protection that law can provide.