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(Kitco News) - The European Parliament has voted in favor of a non-binding resolution that will incorporate the use of blockchain technology to combat tax evasion and coordinate the tax policy for cryptocurrencies.
According to a notice released on Tuesday, 566 out of 705 members of the EU Parliament voted in support of the resolution, which looks to create a “simplified tax treatment” for crypto users who perform occasional or small transactions. The bill also looks to incorporate blockchain technology into the national tax administration “to facilitate efficient tax collection.”
Two areas of clarification specifically highlighted by the resolution are for the European Commission to determine “a clear and broadly accepted definition of crypto assets,” and for a “coherent definition of what would...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...