[SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 50.

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

Quote from: Korsakopf on December 17, 2017, 10:10:04 AM

Wow, the team is really huge. And nice to see a lot of them have good complete linked in profiles as well, always nice to check credentials, which is sometimes a problem with russian or chinese teams.

Impressive team. Cant believe how big their legal team is. Also good to see there is a blockchain engineer.

Piggy

hero member

Activity: 784

Merit: 1416

Quote from: Münzpräger on December 17, 2017, 10:33:18 AM

Quote from: tiger5056 on December 17, 2017, 10:21:15 AM

what would be other use cases for selfkey platform than KYC process? can be integrate with any site where identity validation is more important like shopping site?

You think it could be something like a Facebbok or Google account and that vendors offer to register and log in with that account? Sounds like an interesting idea at least.

Yes or something like paypal, even if its not a payment system this project. Paypal still has your details and the vendor can see them when you login and pay

Münzpräger

sr. member

Activity: 1638

Merit: 364

Quote from: tiger5056 on December 17, 2017, 10:21:15 AM

what would be other use cases for selfkey platform than KYC process? can be integrate with any site where identity validation is more important like shopping site?

You think it could be something like a Facebbok or Google account and that vendors offer to register and log in with that account? Sounds like an interesting idea at least.

tiger5056

hero member

Activity: 686

Merit: 500

what would be other use cases for selfkey platform than KYC process? can be integrate with any site where identity validation is more important like shopping site?

snowfu199

full member

Activity: 252

Merit: 100

Quote from: Korsakopf on December 17, 2017, 10:10:04 AM

Wow, the team is really huge. And nice to see a lot of them have good complete linked in profiles as well, always nice to check credentials, which is sometimes a problem with russian or chinese teams.

That is true. They have a huge team.

belechau

full member

Activity: 686

Merit: 100

Quote from: mr.robot8 on December 17, 2017, 07:43:26 AM

have already collected a considerable sum of 10.5 million dollars so i suppose they will easily reach the cap of the pre-sale, this result means that the project is valid and interesting and investors believe in it, personally do not like the kyc applied to the icos for me is an invasion of privacy

This is good news, it encourages me to put it together even more, certainly enough to put at least 80% of what is projected into the script, I hope they can double that amount to work with a considerable reserve over time

Korsakopf

full member

Activity: 210

Merit: 105

Wow, the team is really huge. And nice to see a lot of them have good complete linked in profiles as well, always nice to check credentials, which is sometimes a problem with russian or chinese teams.

premium_domainer

legendary

Activity: 1764

Merit: 1012

Quote from: Yasemin on December 17, 2017, 08:54:52 AM

Quote from: the_donald on December 17, 2017, 08:00:52 AM

Quote from: chichidori on December 17, 2017, 07:14:32 AM

Quote from: haxllega on December 17, 2017, 07:00:14 AM

Quote from: multinova on December 17, 2017, 06:41:51 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 AM

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.

Put you need to keep the bitcoin at least one year in your wallet if you trade our sell it before the end of the year you have to pay taxes.

KYC is the abbreviation of Know Your Costumer more and more ICO are now using this kind of security to avoid frauds and some country will ask for it if your going to spend a large amount of money. you can present any valid government ID for the KYC.

if this doesn't go against everything crypto stands for I don't know what does. what about anonymity?

Yes it does, but I am seeing a lot of people really worrying about their taxes lately when it comes to cryptocurrency. People seem to get more afraid of ragulations and taxes. I wonder how selfkey can help with that

I don't think selfkey would help any of regulations and taxes.

Unless governments force them to work with them, in this case i'm not sure what will happen.

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

Quote from: the_donald on December 17, 2017, 08:00:52 AM

Quote from: chichidori on December 17, 2017, 07:14:32 AM

Quote from: haxllega on December 17, 2017, 07:00:14 AM

Quote from: multinova on December 17, 2017, 06:41:51 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 AM

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.

Put you need to keep the bitcoin at least one year in your wallet if you trade our sell it before the end of the year you have to pay taxes.

KYC is the abbreviation of Know Your Costumer more and more ICO are now using this kind of security to avoid frauds and some country will ask for it if your going to spend a large amount of money. you can present any valid government ID for the KYC.

if this doesn't go against everything crypto stands for I don't know what does. what about anonymity?

Yes it does, but I am seeing a lot of people really worrying about their taxes lately when it comes to cryptocurrency. People seem to get more afraid of ragulations and taxes. I wonder how selfkey can help with that

cantdecide

full member

Activity: 336

Merit: 112

Quote from: loup on December 17, 2017, 07:37:47 AM

Quote from: cantdecide on December 17, 2017, 07:27:09 AM

Quote from: viljy on December 17, 2017, 01:58:59 AM

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

10m USD?!?! That's sick!

They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$

Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.

Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.

I never expect such amount of money so fast. This project future look much better than I imagined.

Yes, it's actually quite nice and shows that there is demand for this.

BY_ATOM

full member

Activity: 406

Merit: 107

Quote from: Terrratron on December 17, 2017, 03:23:23 AM

Quote from: PS92 on December 16, 2017, 08:08:50 PM

Quote from: magisterr on December 16, 2017, 07:06:49 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

They dont have limit tokens mount for pre-sale? It can be finished on pre-sale?

I think that's wrong. Then it's most likely whales that got everything and there's a crooked distribution.

But it is possible. ICON was sold out on presale #1 of the planned 3 presales.

If they are whales, they will sell after the ICO and lower the price of the tokens, since the bonus is now 30%. As it happens in most cases, when large bonuses are given for sale.

Of course will sell! But to drop the price cooperate for the early benefit, no one will. Better to wait a few month and then sell even more benefits!

the_donald

full member

Activity: 588

Merit: 100

Quote from: chichidori on December 17, 2017, 07:14:32 AM

Quote from: haxllega on December 17, 2017, 07:00:14 AM

Quote from: multinova on December 17, 2017, 06:41:51 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 AM

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.

Put you need to keep the bitcoin at least one year in your wallet if you trade our sell it before the end of the year you have to pay taxes.

KYC is the abbreviation of Know Your Costumer more and more ICO are now using this kind of security to avoid frauds and some country will ask for it if your going to spend a large amount of money. you can present any valid government ID for the KYC.

if this doesn't go against everything crypto stands for I don't know what does. what about anonymity?

SEELE^^01

full member

Activity: 952

Merit: 137

Quote from: cantdecide on December 17, 2017, 07:27:09 AM

Quote from: viljy on December 17, 2017, 01:58:59 AM

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

10m USD?!?! That's sick!

They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$

Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.

Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.

well i am still awaiting a full drop of all cryptos before 2018. many investors will jump into fiat to calculate their tax expanses for the year and after new years eve, jump back into crypto again. thus the market will go down, like every year, for a moment

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: loup on December 17, 2017, 07:37:47 AM

Quote from: cantdecide on December 17, 2017, 07:27:09 AM

Quote from: viljy on December 17, 2017, 01:58:59 AM

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

10m USD?!?! That's sick!

They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$

Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.

Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.

I never expect such amount of money so fast. This project future look much better than I imagined.

Because they have an actual yes that is needed right now, they're not promising fancy things like super uber trading trough a evil A.I. lol Grin

mr.robot8

full member

Activity: 938

Merit: 159

have already collected a considerable sum of 10.5 million dollars so i suppose they will easily reach the cap of the pre-sale, this result means that the project is valid and interesting and investors believe in it, personally do not like the kyc applied to the icos for me is an invasion of privacy

loup

full member

Activity: 462

Merit: 100

Quote from: cantdecide on December 17, 2017, 07:27:09 AM

Quote from: viljy on December 17, 2017, 01:58:59 AM

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

10m USD?!?! That's sick!

They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$

Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.

Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.

I never expect such amount of money so fast. This project future look much better than I imagined.

Altcoinrusher

full member

Activity: 616

Merit: 100

Quote from: snowfu199 on December 17, 2017, 04:40:57 AM

Quote from: snowfu199 on December 17, 2017, 02:25:14 AM

Quote from: Cauchy on December 17, 2017, 02:22:46 AM

Quote from: Voltaje on December 17, 2017, 12:46:30 AM

Quote from: KryptoTark on December 17, 2017, 12:24:14 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 AM

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

I dont know about singapore specifically, but that is what governments usually try to achieve, yes.

And it's also true, that KYC is a tool for the government to keep better track of profits made in cryptos.

I imagine that is a way to contrl how much is spent so they eventually will generate a tax on it, they need to get an idea for that, if not they won't be able to properly regulate it.

KYC applied in crypto is at the moment an initiative at self regulation in order to avoid governments crackdown on operations.

Thanks for all your help.
I asked this question for my friend who is a Singapore citizen.
He just wanna make sure that participating this ICO won't involve any tax issue.

A more general question:
Is income from cryptocurrency trade taxable in Singapore?

I dont think so. It can only be taxable if you include it in your financial statements that you will submit to your goverment's internal revenue service.Imho.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: viljy on December 17, 2017, 01:58:59 AM

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

10m USD?!?! That's sick!

They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$

Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.

Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: the_donald on December 17, 2017, 03:36:16 AM

Quote from: matjas on December 17, 2017, 03:28:20 AM

Quote from: Terrratron on December 17, 2017, 03:23:23 AM

Quote from: PS92 on December 16, 2017, 08:08:50 PM

Quote from: magisterr on December 16, 2017, 07:06:49 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.

They dont have limit tokens mount for pre-sale? It can be finished on pre-sale?

I think that's wrong. Then it's most likely whales that got everything and there's a crooked distribution.

But it is possible. ICON was sold out on presale #1 of the planned 3 presales.

If they are whales, they will sell after the ICO and lower the price of the tokens, since the bonus is now 30%. As it happens in most cases, when large bonuses are given for sale.

Not necessarily just whales and even if they are, they might not sell right after the ICO ends. SelfKey is a good project, one of rare, so I would say it's worth holding. And 30% bonus is not an extremely high one, there many icos out there with much higher, insane bonuses.

whales don't tend to sell out after ICO. only bounty hunters do. I'm not worried about wales.

Just whales always drop prices after the ICO. The proportion of tokens from the bounty is usually negligible from the total amount to drop the price. And whales have huge bonuses and can easily dump large amounts a little more than they bought themselves, but are cheaper than the price of an ICO.

chichidori

legendary

Activity: 1694

Merit: 1003

Quote from: haxllega on December 17, 2017, 07:00:14 AM

Quote from: multinova on December 17, 2017, 06:41:51 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 AM

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.

Put you need to keep the bitcoin at least one year in your wallet if you trade our sell it before the end of the year you have to pay taxes.

KYC is the abbreviation of Know Your Costumer more and more ICO are now using this kind of security to avoid frauds and some country will ask for it if your going to spend a large amount of money. you can present any valid government ID for the KYC.

Topic: [SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 50. (Read 37493 times)