Spending Bitcoin in Switzerland is becoming easier as more areas started to adopt cryptocurrency payments. In some cities, like Zurich and Geneva, many restaurants and luxury boutiques accept, for instance, Bitcoin. In Lugano, the largest city in the Italian-speaking region of southern Switzerland, Bitcoin is even considered legal tender as of lately. Across Switzerland, certain online merchants a... Read more

The Greek Tax Administration has determined that the sale of cryptocurrencies is subject to VAT (value-added tax). This decision is based on the fact that cryptocurrencies are not officially recognised by the state as a legal means of payment. Therefore, they do not benefit from the VAT exemption that applies to foreign exchange transactions, banknotes, and coins that are considered legal tender.... Read more

Many European crypto exchanges operate under different regulations and offer various features and services. Below are the top 5 crypto exchanges in Europe for 2024, based on their popularity of usage, reputation, security, and functionality, not in order. OKX Bybit Binance Kraken Coinbase. OKX is a Seychelles-based platform that offers trading, earning, and growing crypto with 43+ fiat cu... Read more

Crypto-bridging is the process of connecting different blockchains and enabling the exchange of cryptocurrencies, digital assets, and data across them. Crypto bridges allow different blockchain networks to communicate with one another and exchange assets and information. But how can crypto-bridging be of help to currency owners? It can be of help to owners of these currencies because it enhances... Read more

Cryptocurrencies are digital currencies that use cryptography to secure and verify transactions and control the creation of new units. Bitcoin is a type of digital currency that operates on a decentralized network without the need for intermediaries like banks or governments. Bitcoin transactions are recorded and verified on a public ledger called the blockchain, which ensures security and transpa... Read more

Today, the video game industry is worth more than music and video streaming combined, with a value of $130 billion in 2018 and expected to become a $300 billion industry by 2025. With the rise of mobile games and easy access to those games through platforms such as Google Play or the App Store, the gaming industry has shifted from traditional retail of physical units to digital distribution and ap... Read more

The Europe Now Movement (Pokret Evropa Sad) has announced that it will work with the world's biggest experts in the field of cyber security on a law that will protect the citizens of Montenegro and their capital from potential fraud in the crypto world. The president of the Europe Now Movement said that digital scams like Cheil Worldwide, Bitconnect, and more recently Terra were only stopped when... Read more

The European Union (EU) has put forward the DAC8 proposal, aimed at enhancing the detection and prevention of tax fraud, evasion, and avoidance. This legislative initiative aims to improve the ability of member states to combat these financial crimes. Additionally, the Organization for Economic Co-operation and Development (OECD) is working on a global crypto-asset reporting framework (CARF). Thes... Read more

The European Union (EU) VAT Committee has published a working paper on NFTs, which sets out the current NFT ecosystem landscape and provides qualifying definitions of NFTs and related concepts that are currently undefined in existing EU regulations. The working paper also provides guidance on the VAT treatment of NFT transactions, which must be analyzed on a case-by-case basis to determine whether... Read more

A Hong Kong-based court has recognized cryptocurrencies as property that can be owned and claimed, according to a ruling related to defunct crypto exchange Gatecoin. In the stated case, Judge Linda Chan reportedly said that crypto has property attributes. The court thought it was fine to follow the rationale applied by other jurisdictions: that crypto is property and can be subject to demand. T... Read more

On April 20, 2023, the European Parliament gave the green light to the first comprehensive rules for regulating the field of cryptocurrencies. According to the new regulation, service providers will have to protect the digital wallets of customers, and if they lose investors' crypto funds, they will have to be responsible for it. The purpose of the rules is to protect investors from abuse and mani... Read more

On March 15, 2023, Fiscal Solutions organized a free webinar on the topic of „Meet Fiscal Solutions – What is our core business?“. The webinar was held by Danilo Krstonijević, Account Manager at Fiscal Solutions. This webinar introduces us as an IT specialist for fiscalization and explains in detail what we do. Read more

Based on news from Banja Luka, Republic of Srpska has established a registry of intermediaries in the trade of cryptocurrencies, which continues to regulate this market. Also, what allowed for this novelty is that in the Republic of Srpska, a new regulation has been published as the Rulebook on the record of service providers related to virtual currencies. This country has established a registr... Read more

Japan’s National Tax Agency has published a guideline on the taxation of sales of non-fungible tokens (NFTs) and the profits earned by crypto and blockchain gamers. Namely, the tax in question that is to be applied to NFT transactions is a consumption tax, which is Japan’s equivalent of VAT. According to the guideline, NFTs in Japan qualify as a form of intangible property, and NFT transactions i... Read more

This presentation introduces you to the Metaverse in terms of business trade and regulation. What is the Metaverse? How can it become an opportunity for businesses? How is Metaverse being regulated? Read more

Interventions in taxation are being considered in Greece, as until now in this country's tax legislation there was no specific tax regime that governed the profits obtained by taxpayers from capital gains from the sale of cryptocurrencies. After the undeclared profits from "Airbnb-type" rentals,  the Independent Public Revenue Authority (TA) is now trying to "hand in," i.e., start to tax the profi... Read more