This presentation covers the regulation of cryptocurrencies and ICOs under EU Law. An overview is given of EU regulation of digital assets. The legal research covers multiple aspects of ‘crypto regulation’ within the EU, as well as in its Member States. For each jurisdiction, an inquiry is made into the regulation of digital currencies, and the regulation of ICOs. Finally, the most crypto-friendly jurisdictions are examined in more detail.
The European Commission held a roundtable discussion on the impact, potential and challenges of cryptocurrencies. Afterwards, the commission presented its conclusions and recommendations for the future.
On September 8th, a bipartisan bill called the Cryptocurrency Tax Fairness Act has been introduced to the United States Congress. The Bill creates a de minimis threshold of $600 for the purpose of capital gains taxation. Moreover, it poses a requirement on the Treasury Department to issue guidelines for informational reporting on digital currency transactions for which capital gains is due.