Crypto for EU

[Granxis]

If the misunderstanding between the members of European Union continues and mostly politically the council itself would be irrelevant in due time. The countries as a member of Eu must follow accordingly to the decision about anything regarding and economically. If some will legalize or might thinking to legally used cryptocurrency then more will follow regardless if it is approved or not.

In fact, there is the fact that the European Union countries have to gather and determine a general road map about crypto money, that the European Union countries are the first countries to use digital techs.

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[Lampaster]

The Russian Association of Blockchain and Cryptocurrency (RACIB) has reportedly received 40 applications from companies and individuals from European Union countries and China to place mining equipment in Russia to mine bitcoin. This was conveyed to Ria Novosti by the association’s president Yuri Pripachkin last week.

https://news.bitcoin.com/companies-china-eu-mine-bitcoin-russia/

I can't understand why they need to deliver such applications. It is clear that it is profitable because of cheaper electricity. But I think that this activity does not require a separate permission. I feel sorry for these people. In Russia, a lot of criminals. They all work under the guise of law enforcement. I think that all these cranks lose their equipment and maybe even life.

[ORCAf]

Join us live and find out why the ICO hypetrain is slowing down. Ivan on Tech is here!
Link:  https://youtu.be/O-5XHDPlOaw‬

Some say a month in Blockchain ecosystem is like a year in others. We stand by this saying and continue to make educational events for the community.

In "Turing meets Crypto" series, we will be discussing various aspects of blockchain. Today, we feel there is a big understanding gap of what an ICO really is (or rather, should be). Panel discussion will touch upon what a true ICO should be, what does it mean to run a "healthy ICO" and why money is the last thing you should care about while running it.

Agenda:
19:00 - 20:00 Announcements
20:00 - 21:00 Panel discussion + Q&A session;
21:00 - 22:30 Networking.

Speakers & Discussion participants:

Dmitrij Radin
CTO @ ORCA Alliance and Co-owner @ CryptoAd.Network

Anastasija Plotnikova
ICO and Tax law advisor, Partner@Crypto Tax&Legal

Rytis Bieliauskas
CTO at CoinGate & Member @ INFOBALT Blockchain workgroup

Tomas Gurvičius
Partner @ Crypto Tax&Legal

Ivan Liljeqvist ("Ivan on Tech")
Software developer, Blockchain influencer on Youtube

Moderator - Natan Avidan
CEO of ORCA Alliance

Event is organized together with ORCA Alliance.
Venue - Vilnius Tech Park.

[inforocker]

The problem of most EU countries is, that legislation will be made finger crossed... Taxation of collected funds on beginning with FIAT tax would mean, that every ICO would have to sell a certain amount for Fiat soon after ICO to get money for VAT/profit tax. And that is impossible, as that would kill every ico at start. The good way would be to accept taxation based on production cycle and then it is reasonable, to have the same taxation as for the other things. But ICO or token generation itself is actually not profit but development costs, which would be spent in next years to develop product and to globalize it and in those years income would not be as high as an outcome... means such taxation is also not smart even from the view of governments.
Everybody agrees that reasonable taxation would be the best for EU and as such EU could become leading in crypto worldwide...
I think that legislation will be soon ready in Slovenia, which claims to be the most friendly country in EU for blockchain projects.

[litma21]

i think the major problem with the EU is immigration,once that is tackled it will be a much more  problem free union

[ORCAf]

In a move that may wrinkle some noses, the European Central Bank (ECB) has announced that they will no longer be offering protection for covered deposits and that withdrawals will be limited when a bank is on the verge of failure.

More @ https://cointelegraph.com/news/ecb-ends-covered-deposit-protection-free-withdrawal

what do you guys think?

[Coffee135]

In a move that may wrinkle some noses, the European Central Bank (ECB) has announced that they will no longer be offering protection for covered deposits and that withdrawals will be limited when a bank is on the verge of failure.

More @ https://cointelegraph.com/news/ecb-ends-covered-deposit-protection-free-withdrawal

what do you guys think?

I think that such a law is adopted in the interests of the bankers. Perhaps this is an example of corruption, but it will be difficult to prove. Now the bankers will use the deposits for lending to their enterprises. When financing companies will exceed their cost, they will run away from the country and people will remain without money.

[spiacentee]

even if it is an union , there are so many financially different countries. it would be easy for Eastern Europe to accept the crypto currencies. in the same time, the Baltic Countries would welcome the crypto currencies.

[kris_wolf]

I suppose everything here will be more loyal than in the United States, so I hope for better.

[ORCAf]

Friends and Crypto believers!

Tommorrow ORCA Alliance is having a panel discussion in the European Parliament about the future of Cryptocurrency in the EU, the meetup is taking place at 10:30 AM in Brussels.

How can cryptocurrencies reinforce EU financial ecosystem? Should Europe bring this 250 billion Euro market out of the background into the economy? These questions and many others will be addressed tomorrow morning & we will be sure to post live link in the comments below.

For now tune in at ORCA Alliance official Telegram chatroom: https://t.me/ORCAalliance

[ORCAf]

In about an hour, join our livestream to follow discussion on how to embrace cryptocurrencies in the EU!
Link: http://www.eu40.eu/crypto/

[ORCAf]

EU Commission Prepares Draft Tax Legislation on Digital Economy
https://cointelegraph.com/news/eu-commission-prepares-draft-tax-legislation-on-digital-economy-expert-blog

what do you guys think?

[Bharat24]

Many countries in E U with a different legal system s they have. There is a lot of hardless to clear. Hopefully in coming years government of these countries trying to attamp legalization the used Bitcoin.

[Baoo]

In my opinion, we cannot predict what will happen exactly in the future because there are always unexpected events. Plus, the era of cryptocurrency has become very important in period, despite that rejection of many governments, especially for Bitcoin and their bad attempts to destroy it, but there is an acceptable development because some countries have become dependent on cryptocurrencies especially for blockchain technology.
As a matter of fact, I think that after a few years, most of the governments will recognize the digital currencies, and when this prediction will be achieved, then we will see the total success of cryptourrency.

[marielbeckham]

It's very difficult to predict something regarding this.

[Snaic]

Hello, friends!

What kind of future do you predict for cryptocurrencies in the European Union?

While in the European Union, that is, in the leadership of this body and in its specific countries are rather positive about the crypto currency. Moreover, in Germany they declared that they had made a decision to recognize crypto currency as a legitimate means of payment, as well as the fact that the crypto currency is exempted from paying taxes for conducting transactions, based on the decision of the European Court of Human Rights of 2015. This means that all countries that signed the 1950 Convention for the Protection of Human Rights and Fundamental Freedoms should take similar decisions in their national legislation. This is not only all the countries of the European Union, but also many other countries, they seem to be now forty one such country. So, in principle, in the European Union there is a good prospect for the introduction of the crypto currency.