Successfully reported this slideshow.
Your SlideShare is downloading. ×

Legal Chains of Blockchain - forum presentation

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Loading in …3
×

Check these out next

1 of 14 Ad

Legal Chains of Blockchain - forum presentation

Download to read offline

Right after New Year’s Eve we took part in Legal Chains of Blockchain, discussing the legal and tax issues of cryptocurrencies. We took the occasion to present our project, the challenges we’ve struggled with on the way and about our cryptocurrency, the EDU token.

Right after New Year’s Eve we took part in Legal Chains of Blockchain, discussing the legal and tax issues of cryptocurrencies. We took the occasion to present our project, the challenges we’ve struggled with on the way and about our cryptocurrency, the EDU token.

Advertisement
Advertisement

More Related Content

Similar to Legal Chains of Blockchain - forum presentation (20)

Advertisement

Recently uploaded (20)

Legal Chains of Blockchain - forum presentation

  1. 1. vladimir.tasev@os.university
  2. 2. 10 QUESTIONS TO ASK YOUR LAWYER?
  3. 3. 10 QUESTIONS TO ASK YOUR LAWYER? 1. What is the current status of the ICOs in Bulgaria? ● Currently in Bulgaria there aren’t any specified regulatory restrictions ● No supervisory authority ● Informative notice from Financial Supervision Commission: http://www.fsc.bg/bg/novini/eotskp-preduprezhdava-firmite-koito-sa-svarzani-s- parvichni-predlaganiya-na-virtualna-valuta-ppvv-che-e-neobhodimo-da-otgovaryat-na- opredeleni-regulatorni-iziskvaniya-8704.html
  4. 4. 10 QUESTIONS TO ASK YOUR LAWYER? 2. What is the current status of the ICOs in EU? ● No supervisory authority ● Informative notice from the European Securities and Markets Authority: www.esma.europa.eu/press-news/esma-news/esma-highlights-ico-risks- investors-and-firms
  5. 5. 10 QUESTIONS TO ASK YOUR LAWYER? 3. Where should my company be based? ● There aren’t any EU-wide restrictions for launching an ICO ● Some countries like Estonia and Germany have some rules about cryptocurrencies and ICOs
  6. 6. 10 QUESTIONS TO ASK YOUR LAWYER? 4. What should I be aware of? ● KYC procedure for every transaction ● How does the government treat cryptocurrencies? ● Tokenomics!! Utility tokens; Securities as tokens
  7. 7. 10 QUESTIONS TO ASK YOUR LAWYER? 5. What is KYC procedure and why should we have such thing?
  8. 8. 10 QUESTIONS TO ASK YOUR LAWYER? 6. What are my responsibilities? ● To be able to operate with personal data ● To keep safe all the client’s sensitive data ● Guarantee for the process of selling tokens ● Terms and Conditions
  9. 9. 10 QUESTIONS TO ASK YOUR LAWYER? 7. What is a utility token? ● The best case scenario ● The token is in use in the ecosystem of the Platform ● The token is issued as a “Thank you” ● SEC Howey Test
  10. 10. 10 QUESTIONS TO ASK YOUR LAWYER? 8. What is a security token? ● Basically a share ● Everything on the regulation side which you need to issue stocks, applies on the tokens as well ● SEC Howey Test ● The financial commissions still does not issue licenses for such kind of instruments
  11. 11. 10 QUESTIONS TO ASK YOUR LAWYER? 9. Do we owe taxes? YES.
  12. 12. 10 QUESTIONS TO ASK YOUR LAWYER? 10. How to legally use my money after the token sale? ● Pay your taxes ● Post all of the transactions as they are
  13. 13. QUESTIONS ? Slides will be available at: https://1legal.net/bg/blog-read126-legal-chains-of-blockchain

×