Europe is preparing for a blockchain summit

European Blockchain Summit 2018 is kicking off on April 11 with Ethereum co-founder as a special guest to discuss the state of the technology in Europe
05 April 2018   1636

Blockchain Alliance Europe in cooperation with the government of Slovenia and ConsenSys are organizing the first European Blockchain Summit 2018 on April 11 at Brdo Congress Centre venue in Slovenia. The agenda includes inspiring keynotes and panel discussions, international speakers and attendees. Joseph Lubin, co-founder of Ethereum and founder of ConsenSys is holding a speech. The topics to be discussed include the European blockchain initiatives, the blockchain and ICO regulation and the funding opportunities for European blockchain companies.

The event is for high government officials and leaders of the industry and thus is invitation only. Among notable supporters there are European Commission and The Malta Council For Science And Technology and LedgerState. The program is as follows:

  • 09:00 – 10:00 | Registration & Reception
  • 10:00 – 10:20 | Welcoming Speeches
  • 10:20 – 11:00 | Keynotes
  • 11:00 – 11:30 | Blockchain Europe Initiatives
  • 12:00 – 12:50 | Panel Discussion: Blockchain & ICO Regulation
  • 12:50 – 13:45 | Panel Discussion: Blockchain Applicability
  • 14:45 – 15:40 | Panel Discussion: EU Funding Opportunities for Blockchain
  • 15:45 – 16:00 | EU Blockchain Summit 2018 Conclusions
  • 16:00 – 18:00 | Networking Event

Bithumb Filed Appeal Against Korean Tax Office

Looks like the korean exchange doesn't really want to pay an additional tax worth $67 000 000
16 January 2020   91

The South Korean cryptocurrency exchange Bithumb has filed a complaint against the National Tax Service (NTS) because of the requirement to pay additional taxes for the transactions of its foreign customers.

The company claims that cryptocurrencies do not have an official status in the territory of South Korea, which is why the authorities cannot have sufficient reasons to levy any taxes.

The tax court will have to decide within 90 days whether to retain or withdraw from Bithumb the obligation to pay the $ 69.1 million tax that was assigned to it by NTS in November. The Office declares that the withdrawal of income from accounts in Korean won by foreign residents is a taxable event. It is assumed that the exchange itself had to withhold tax from its foreign customers.

We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.

 

Bithumb

 The ministry has its own position on this issue.

Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.

 

Choi Hwoa-in

Adviser to Financial Supervisory Service

According to the expert, the NTS maneuver is well thought out and aimed at starting to levy a tax on income that is currently not taxable.

We cannot comment on the ongoing matter. We will await the judgment from the Tax Tribunal.

 

NTS

Earlier, Bithumb was ordered to pay an additional $ 67 million in tax.