Quote from: Samarkand on January 22, 2018, 10:39:43 AM

Quote from: pixie85 on January 21, 2018, 07:22:29 PM

...Nobody will make me pay taxes from tokens that are lying on some address without my name on it and that I can't spend on anything in my country but have to use an exchange first. ...

It is possible that it will not always be this way. You have to keep
in mind that the whole industry is still in its infancy and regulators
are still playing catch-up to keep up with the latest developments
in the cryptocurrency scene.

Nowadays, most ICOs require you to complete a KYC procedure. If you buy
tokens in an ICO where you are KYC verified it is entirely possible that one
day the tax agency of your country will come after the people, who participated
in the token sale and didn´t pay their taxes.

In order to work well together then establish the Credibility with the Bank
Strong KYC during the event generates tokens will make it easier to work with banks and follow AML rules. Voluntary compliance in token sales seems to give a project a stamp of legitimacy. Many potential regulators seem to be open to token sales. preferably transparent especially when dealing with potential regulators. Since regulatory agencies in many large markets (eg, US, Canada and UK) are leaning to classify ICO as a security, ICO should be more proactive and adhere to AML / KYC guidelines to operate in this market.
Any business that wants to succeed in the long run, and not just take the money and run it, needs to understand the existing legal framework and ensure compliance. Legitimacy can be determined by how well the initial crypto assets and governance contracts are designed and protected.

Abubakaradam

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