Quote from: Ctn on June 03, 2018, 02:20:23 PM

Quote from: CryptoEnthusiastNL on June 03, 2018, 02:12:46 PM

Hi all,

I'm currently busy with the concept for a new ICO - the details will follow later. Although I'm really curious about which regulatory environment it is interesting to start legally.
I live in The Netherlands myself, and there is nothing clear about taxation, regulation and government influence. So my main questions would be:
- How is the taxation arranged in your country?
- Is the regulation of blockchain a hot-topic in your country? And is local government discussing adoption?
- Is it hard to register as an ICO for the official authorities?

Kind regards,

Bas

In India there are almost regulations about the whole ICO thing. My government is just declaring that they dont accept bitcoin as the legal tender and stuff similar to empty threats !

However I can see that ICO formation is accelerating in my country and there seems no obstacle from the government side yet. This could be because of the fact that my country is busy with other kind of regulation and modification and they have little time to solve problems like bitcoin and ICO etc.

However, they will impose some strict rules surely as they have already made one mega change for example, 18% taxes on all the crypto transactions. So im not sure what that will effect the ICO fund raising.

Thanks for the detailed information. Personally I would not like to move to a tropical island where no regulations are at all. So Switzerland (Zug) or Canada seems the best options to me. Hope anyone got experience with this and can share some insights