Post by account_disabled on Feb 24, 2024 23:23:19 GMT -5
The prey for hackers ready to take possession of wallets and access keys. It is therefore very important to build a strategy to protect the assets contained therein not forgetting the AML AntiMoney Laundering and KYC Know Your Customer aspects in order not to run into problems related to money laundering or the creation of relationships that may damage the companys reputation. These aspects are very important. All businesses must comply with certain regulations . Therefore before converting cryptocurrencies into traditional currency for example into dollars or euros each company.
Must have a strategy to prevent money laundering from taking place this is because the wallets are B2B Email List anonymous and it is difficult to reconstruct the origin of the funds. In theory those funds could come from terrorist activities gambling or other illicit sources which could therefore damage the reputation of the company or cause crimes to take place. But how is the tax part managed The tax part is probably one of the most problematic in this sector. MiCA regulation which will be published shortly and which will answer some questions. It will therefore be necessary to understand how NFTs will be considered from a tax point of view.
Questions from the Revenue Agency for example qualify cryptocurrencies as foreign currencies. It is widely debated whether NFTs can be considered the same as the latter. In short we hope that there will be an intervention from the legislator to provide some certainty . The topic is still very open and we do not have a definitive answer. We too are at the mercy of decisions or in any case regulations that will have to be released in the near future. I would also add that in this area each initiative must be evaluated on a casebycase basis . How a company should protect itself what it wants to protect what it does not.
Must have a strategy to prevent money laundering from taking place this is because the wallets are B2B Email List anonymous and it is difficult to reconstruct the origin of the funds. In theory those funds could come from terrorist activities gambling or other illicit sources which could therefore damage the reputation of the company or cause crimes to take place. But how is the tax part managed The tax part is probably one of the most problematic in this sector. MiCA regulation which will be published shortly and which will answer some questions. It will therefore be necessary to understand how NFTs will be considered from a tax point of view.
Questions from the Revenue Agency for example qualify cryptocurrencies as foreign currencies. It is widely debated whether NFTs can be considered the same as the latter. In short we hope that there will be an intervention from the legislator to provide some certainty . The topic is still very open and we do not have a definitive answer. We too are at the mercy of decisions or in any case regulations that will have to be released in the near future. I would also add that in this area each initiative must be evaluated on a casebycase basis . How a company should protect itself what it wants to protect what it does not.