What are the regulations for ICO startups in your country?

CryptoEnthusiastNL

newbie

Activity: 28

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Quote from: itsik78 on June 03, 2018, 09:38:46 AM

unfortunately, there is no taxation in my country ICO.the government is discussing the legalization of cryptocurrencies.This topic is discussed rather hotly but so far there have been no official statements.Let's hope that soon cryptocurrency and ICO will be available in every country of the world

Amen to that!

AbyssLagiaz

jr. member

Activity: 185

Merit: 3

Neutra but there was already a case of scams happening where Bitcoin is being involved in investing. The case was closed as it is but that is kind of a bell for government to check in what is going on for real inside Bitcoin transaction. I even think it is the matter of time for people in my country to become knowledgeable to cryptocurrency and not just Bitcoin. Regulation should also be a thing.

itsik78

full member

Activity: 462

Merit: 100

unfortunately, there is no taxation in my country ICO.the government is discussing the legalization of cryptocurrencies.This topic is discussed rather hotly but so far there have been no official statements.Let's hope that soon cryptocurrency and ICO will be available in every country of the world

CryptoEnthusiastNL

newbie

Activity: 28

Merit: 0

Quote from: X-ray on June 03, 2018, 09:31:36 AM

Quote from: CryptoEnthusiastNL on June 03, 2018, 09:12:46 AM

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

The icos still not yet to be considered as an illegal thing. But that's our own risk to participate in it.
The taxation still not yet implemented and the local exchange site in my country is getting a taxation from the regulators.
About the third question and i'm not sure about that, the regulation framework about ico still not yet released. This based in my knowledge about the crypto in my country.

Could you let me know where you are located? Like I said, in Europe Zwitserland is still the best option, but sure will go for a legal opinion about that first.

milada

member

Activity: 86

Merit: 10

A lot of countries does not have a specific regulations in this sectors,but there are many lawyers in North of Europe that have a lot of knowledge in this sectors.If you really want understand how works the system asks to people with legal experience or previous experience in blockchain companies.
This is the year of the boom of blockchain startup so,i think,that soon all countries will have a own regulation.

X-ray

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Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoEnthusiastNL on June 03, 2018, 09:12:46 AM

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

The icos still not yet to be considered as an illegal thing. But that's our own risk to participate in it.
The taxation still not yet implemented and the local exchange site in my country is getting a taxation from the regulators.
About the third question and i'm not sure about that, the regulation framework about ico still not yet released. This based in my knowledge about the crypto in my country.

CryptoEnthusiastNL

newbie

Activity: 28

Merit: 0

Quote from: Ctn on June 03, 2018, 09:20:23 AM

Quote from: CryptoEnthusiastNL on June 03, 2018, 09:12:46 AM

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

In India there are almost regulations about the whole ICO thing. My government is just declaring that they dont accept bitcoin as the legal tender and stuff similar to empty threats !

However I can see that ICO formation is accelerating in my country and there seems no obstacle from the government side yet. This could be because of the fact that my country is busy with other kind of regulation and modification and they have little time to solve problems like bitcoin and ICO etc.

However, they will impose some strict rules surely as they have already made one mega change for example, 18% taxes on all the crypto transactions. So im not sure what that will effect the ICO fund raising.

Thanks for the detailed information. Personally I would not like to move to a tropical island where no regulations are at all. So Switzerland (Zug) or Canada seems the best options to me. Hope anyone got experience with this and can share some insights

Nivelir

full member

Activity: 588

Merit: 100

A very strange fact, but in my country there is no such regulation, everyone is trying to comply with the rules that exist in the US, that is, the SEC, it seems to me that it is not right to think so, because for the most part this does not apply to other countries.

Ctn

sr. member

Activity: 644

Merit: 259

Quote from: CryptoEnthusiastNL on June 03, 2018, 09:12:46 AM

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

In India there are almost regulations about the whole ICO thing. My government is just declaring that they dont accept bitcoin as the legal tender and stuff similar to empty threats !

However I can see that ICO formation is accelerating in my country and there seems no obstacle from the government side yet. This could be because of the fact that my country is busy with other kind of regulation and modification and they have little time to solve problems like bitcoin and ICO etc.

However, they will impose some strict rules surely as they have already made one mega change for example, 18% taxes on all the crypto transactions. So im not sure what that will effect the ICO fund raising.

CryptoEnthusiastNL

newbie

Activity: 28

Merit: 0

Quote from: rlm42 on June 03, 2018, 09:17:52 AM

In July Russian government going to launch a bill, where cryptomarket a relations on this market and ICO will be regulated. How this impact on crypto traders, holders etc, on practice, is still unclear.

Interesting,.. so until now there is no specific regulation?

rlm42

sr. member

Activity: 490

Merit: 250

In July Russian government going to launch a bill, where cryptomarket a relations on this market and ICO will be regulated. How this impact on crypto traders, holders etc, on practice, is still unclear.

Angelia46

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

In my country, ICO is not allowed to exist, because in the eyes of the government, ICO is a fraud.
They only recognize the value of the blockchain, but they don't need ICO

CryptoEnthusiastNL

newbie

Activity: 28

Merit: 0

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

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