crypto currency Tag

Background On March 31, 2022, the European Parliament (EU Parliament) voted on the Transfer of Funds Regulations (TRF). The European TRF regulation is an anti-money laundering and counter-terrorist financing regulation designed to ensure that European Crypto Assets Service Providers (CASPs) pass on information about the originator...

A comparison of the (income) tax treatment of cryptocurrencies in Luxembourg with neighboring European countries. Currently, there are no standardized tax laws for the treatment of cryptocurrencies such as Bitcoin (BTC), Ethereum, Solana, Avalanche and Co. Nevertheless, some countries have already taken a more liberal approach...

What is crypto lending? Crypto lending is a lending transaction in which cryptocurrencies are given out on loan. This lending transaction is mostly carried out via special lending platforms of DeFi projects. Ultimately, it is nothing more than a crypto-based loan. On the corresponding platform, the lender,...

What is Decentralized Finance (DefI)? Along with the growing interest in cryptocurrency, Decentralized Finance (DeFi) is becoming increasingly popular. DeFi refers to a special ecosystem in the blockchain space that enables digital financial services. An explosion of DeFi cryptocurrency has been seen since February 2021 with...

What is the current status and what is the current regulatory approach in Luxembourg? While cryptocurrency and crypto-assets are a technological and economic fact, there are still high legal and regulatory uncertainties regarding so-called "tokenomics". At EU level, it is safe to say that there is...

WHAT IS THE NEW LUXEMBOURG CIRCULAR ON THE TAX TREATMENT OF CRYPTOCURRENCY IN LUXEMBOURG? The new circular on the tax treatment of cryptocurreny in Luxembourg of 26 July 2018: What are the contents of the new circular on cryptocurrency? The Luxembourg tax authorities have recently published their...

The term "airdrop" is simply a matter of certain tokens (coins) being distributed for free. A cryptocurrency holder receives additional units of a cryptocurrency without any action on his part. Thus, he does not have to pay for the cryptocurrency obtained through an airdrop. Often,...

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