UK's attitude towards virtual currency
At the G20 meeting, different countries held different views on digital currency, some strongly resisted it, and some actively supervised it. Now let's take a look at the attitudes of the G20 countries towards digital currency
In a statement, the Canadian Securities Regulatory Agency (CSA) said that considering the whole process of ICO issuance, many ICO tokens meet the definition of securities and require them to comply with the securities law. In addition, the CSA noted that ICOS may also be derivatives, subject to derivatives laws passed by Canadian securities regulators, including trade reporting rules. Regulators said they welcome companies that are about to conct ICO to enter the "regulatory sandbox" to test new financial procts in a limited environmentIndia
the securities and Exchange Commission of India is planning guidelines for the regulation of the bitcoin market in India. In addition, the securities and Exchange Commission of India set up a financial regulatory commission and held meetings with Reserve Bank of India (RBI) officials. The SEC also plans to regulate whether bitcoin derivatives and other cryptocurrencies are used to raise funds illegally
Sina science and technology news on the morning of October 30, the State Administration of Taxation announced the "reply on the issue of personal income tax on the income of indivials from buying and selling virtual currency through the Internet", which means that domestic indivials purchase players' virtual currency through the Internet and sell the income to others after increasing the price, Indivial income tax must be paid. In response to the Beijing Local Taxation Bureau's request for instructions on how to calculate and levy indivial income tax on indivials' income from online sales of virtual currency, the State Administration of Taxation has made the above reply, clearly stipulating that the income obtained by indivials from online purchase of players' virtual currency and sale to others after price increase belongs to indivial income tax taxable income, The indivial income tax shall be calculated and paid according to the item of "income from property transfer"
at the same time, the State Administration of Taxation emphasizes that the original value of an indivial's property selling virtual currency is the price and related taxes paid for his purchase of network virtual currency. If an indivial is unable to provide evidence of the original value of his property, the original value of his property shall be verified by the competent tax authorities
according to the relevant sources of Beijing Local Taxation Bureau, the tax rate of indivial income tax calculated according to the "income from property transfer" project is fixed at 20%, and Beijing Local Taxation Bureau will also introce relevant measures to verify the original value of virtual currency property sold by indivials
From the north entrance of Jingning Road, take bus No.144, after 11 stops, to the geological Hotel station
if bitcoin is not put into actual use, it may be a waste of resources according to media reports, a research institute report shows that bitcoin consumes a lot of power resources every year. If we consider the power consumption of bitcoin mining in the latest year as a country, the annual power consumption of bitcoin has exceeded that of the Netherlands and the United Arab Emirates. If all the British hot water pots are powered on, it can last 27 years. According to the introction of professionals, bitcoin needs continuous computer calculation to obtain new blocks, and because the total amount of bitcoin is fixed, it needs more power calculation in the future to win bitcoin, and this process is called mining
once brexit, the global capital market will be impacted. The pound and the euro will depreciate, and safe haven funds will chase government bonds, the dollar, the yen and gold. The yen will show the biggest rise among Asian currencies, with an increase rate of 11.7%. Because the yen is a hedge currency, it is not easy to be affected by politics, war and market in theory. Therefore, after brexit, in order to avoid risks, investors will sell their pound and euro to buy a more stable yen, and the yen exchange rate will rise accordingly. The pound has limited influence on the trend of RMB, and the RMB exchange rate may fall
brexit will bring a series of butterfly effects
1. As the trade volume decreases, it is necessary to sign a new agreement with the EU, which may face the risk of tariff barriers rising
2. The decline of overseas investment will restrain the inflow of investment funds under the conditions of uncertain market access and investment terms
3. The financial market is the most sensitive when the stock market is depressed and the pound and euro will depreciate
4. Hedge funds may flow into the United States and the US dollar will appreciate
5. For China, the fluctuation of RMB exchange rate will increase, and the stock market will also be affected; In addition, house prices in the UK may suffer setbacks, and those who invest in real estate in the UK may suffer losses.