Do you tax other digital currencies

1.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

2. China's law on the supervision of digital currency is still a blank. Digital currency is in a gray area in China. If it is not prohibited by law, it can be used. However, there are still some normative provisions on digital currency in China
at the end of 2013, the central bank and other five ministries and commissions jointly issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and people can buy and sell it freely at their own risk. But it denies its monetary attribute. At this stage, bitcoin cannot and should not be used as currency
Ruitai, Qianjin card, Laite and other digital currencies are all applicable to the definition of bitcoin. Digital currency can exist as a commodity.

3. MFSA is the only financial services regulator in Malta. It was established on July 23, 2002 to take over foreign exchange regulatory powers from the Central Bank of Malta, the Maltese stock exchange and the Maltese financial services centre. MFSA is a self-made and independent institution, reporting to the Council once a year
according to the virtual financial assets Act (hereinafter referred to as VFAA) which came into effect on November 1, 2018 by the Maltese Government, a license is required to operate the virtual financial assets (VFA) business. This kind of license is issued by the Malta Financial Services Authority (MFSA). All applications for licenses must be made through qualified VFA agents

according to the virtual financial assets act, according to different types of business activities, the license is divided into four categories:

category 1: investment consulting

the license allows the holder to provide investment consulting and financing services for customers, but not to hold virtual assets on behalf of customers
scope of application: VFA investment advisory bodies

category 2: except for exchanges and proprietary trading, any other virtual asset services

holders of such licenses have the right to provide any VFA services and can hold or control customers' funds, but they can not operate VFA exchanges through their own accounts or operate exchanges by themselves
scope of application: wallets, encrypted financial asset investment funds

Category 3: any other virtual asset services except exchanges

holders of such licenses have the right to provide any VFA services, hold or control customers' funds, but cannot operate VFA exchanges
scope of application: OTC traders or market makers

category 4: VFA exchanges

are authorized to operate VFA exchanges and hold or control customer funds, virtual financial assets and / or private encryption keys, as well as services of custodians or agents, but only limited to the operation and related activities of the exchanges
scope of application: all kinds of cryptocurrency exchanges, such as coin an and okex, need to apply for such licenses

the application cycle is 1-2 months. It is suitable for the exchange to apply for compliance, and can engage in financial services such as ICO, cryptocurrency, etc. for details, please consult.

4. To a certain extent. In fact, there is no such thing as legality or illegality in digital currency, only the degree of support from the state. Because even if it is defined as illegal, because of the decentralization of bitcoin and the anonymity of transactions, no institution can hold the traders responsible. When the government starts to collect taxes and realizes the tax dividend brought by virtual currency, the central government will directly recognize its legitimacy and regulate it, just like today's stock market trading. At present, the number of domestic exchanges that can log in for trading is also increasing, such as Qube and okex, and their trading types are also expanding rapidly.

5.

Virtual digital currency countries are allowed

according to Sohu Finance and Economics Report: the central bank recently said that the research on digital currency has achieved phased results, striving for the early issuance of digital currency

at present, major banks in many European and American countries and regions have publicly expressed their positive attitude towards the development of digital currency. If the digital currency is successfully issued, in addition to the convenience of people's living and payment, it will also bring many benefits to the country, such as improving the transparency of economic transaction activities, and the significance of cross-border e-commerce trade can not be underestimated

It is obvious that digital currency is highly expected based on its "excellent gene". Instry insiders said that once digital currency comes out, it will be applied to many fields. Although there must be an adaptation process from paper money to digital currency and the road of its reform will be very long, it can be seen that digital currency will inevitably form a development trend. Technological innovation will overcome the problems in reality. For example, if you go to a bank to do business now, if it doesn't involve cash, the lobby manager will recommend customers to ATM and other self-service equipment. This is a good proof that technological innovation has replaced labor in the past. Now mobile applications are also very simple. It can be predicted that the technology will continue to update in the future. The use of electronic channels, digital currency and other procts in the new era will become a trend, a trend that can not be reversed at present

6.

just look at the corresponding identification, and you can connect it.

other lines are connected at corresponding positions, corresponding interfaces, and those that cannot be inserted by mistake

7. Huanggang port
Luohu port
Futian port
Shenzhen Bay Port
Wenjin port
take MTR to Tsim Sha Tsui station from Hong Kong

8.

The Maltese Government highly supports the blockchain instry. Coin an went abroad in 1994. At that time, there was no legislation in Malta. The Prime Minister of Malta met with the person in charge of coin an, and the blockchain instry moved in one after another. The Department responsible for digital currency licensing in Malta is MFSA

Malta, known as the paradise of blockchain and digital currency, has increasingly improved its policy on digital currency and exchange. In April 2018, the Maltese cabinet passed the virtual financial assets bill (VFA) and the Maltese digital innovation Authority Bill (mdia)

the VFA bill gives the Malta Financial Service Authority (MFSA) the necessary powers to supervise the exchanges, such as issuing instructions, adopting rules, obtaining information from the exchanges, and terminating the operation of ICO. The mDia Act establishes the "Maltese digital innovation authority" (mdia), which will be responsible for licensing and registration issues

in addition, the joint Co-ordination Board (JCB) of Malta will be responsible for the coordination work when the ties of mdia and traditional departments overlap. At the same time, as a member of the European Union, the establishment of an exchange in Malta may also need to meet the relevant provisions of the EU anti money laundering directive
What are the requirements for applying for Maltese digital currency license:

first of all, it must be a blockchain enterprise, which is composed of experienced blockchain practitioners. It needs to register a Maltese company and submit the company name and registrant information
1
2. Provide the name of Maltese company
3. Director information
4. Registered address (Maltese local address)
5. Apply for VAT number
6. Local secretary
the anonymity of cryptocurrency is a challenge to the supervision of various countries. However, Malta has always been friendly to cryptocurrency and investors. After the registration of Maltese companies, it can start to apply for Maltese license