WHO: the results indicate that medium tech savvy from 18 to 45 is the average user of virtual currencies although the corporate finance companies are also starting to put virtual currencies schemes inside their portfolio especially since the presentation of the Bitcoin futures contract from CME Group Inc. in the stock exchange of Chicago last 18th of December 2017.
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WHY: however there is still very little regulation performed on ICOs and only United States of America at the moment has undergone a legislation defining ICO tokens as securities and property. quoted from wp
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#REPORT (Week 5| 01- 07) July
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#Proof_of_Authentication_Post Bitcointalk username: sayedtaha Which campaign you joined: facebook , twitter , reddit & linkedin
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In July 2016 the European Commission adopted proposals for legislation to amend the 4th Anti-Money Laundering Directive (4AMLD) that will bring virtual currencies exchanged and wallet providers into the EU’s anti-money laundering framework [15]. In February 2018 the European Commission launched the EU Blockchain Observatory and Forum [7] to highlight key developments in blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities.
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WHEN: recent developments at European Union level and worldwide are transforming both how virtual currencies are treated and the way ICO (Initial Coin Offering) are legislated. These combined developments have made the use and production of virtual currencies an increasingly favorable prospect. In October 2015 the European Court of Justice ruled that bitcoin and other cryptocurrencies are exempt from VAT taxation. quoted from wp
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