The regulation is one of the major outstanding issues of the technology Blockchain. And that is, the speed of change has been so rapid in recent times. The financial legislation of the States has been totally obsolete, to cope with this new phenomenon. So that will require new laws, that can regulate this sector. And that I have understood very well 8 us congressmen.
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The regulation of the cryptocurrencies
Each day, the cryptocurrencies and technology Blockchain are increasingly gaining importance in our societies. Affecting each of the aspects of our daily life. From the most simple as the way we mobilize for the city. Up to the more complex, such as the international finance. For this reason, a technology such as this requires a specific regulation. To be able to prevent the abuses which might produce, and threaten to the society. At the same time that does not restrict their development. But, on the contrary, it will stimulate the creation of new functions that benefit the collective. This explains the race that kept the majority of the major governments of the world. Those who try to develop as soon as possible their capabilities in technology, Blockchain, and cryptocurrencies. Recruiting the world’s leading experts in the field. And creating their own projects to enter the area. However, it is not enough with the creation of a virtual currency government, in the style of the future currency of China. But, there is lack of rules of the game clear to the population. To allow the same to develop their own projects with cryptocurrencies. Knowing what is permitted and what is not. As well as how much money will be taxado by the State for these activities. As we asked eight members of the u.s. congress.
The letter from the Congressmen
The creation of adequate regulations for the sector, is basically what you require eight Congressmen of the united States. Who, in a letter to the Internal Revenue Service (IRS), the agency responsible for the collection of taxes in the country. Urge the agency to provide clearer rules in terms of the taxación of the cryptocurrencies. “We wrote in April of this year urging the issuance of a guide for taxpayers who use cryptocurrencies. And we are pleased to see that they have issued a guide and addressed many of the questions that we raised. However, we are concerned that this recent guidance create many new questions related to the themes it aims to address, namely, forks and airdrops,“ reads the letter from the congressmen. This attempt to get a clarification of the rules. Would come especially because of the current rules of taxación. Would be based on the criteria used for financial assets traditional. And that can’t be applied to the cryptocurrencies without many difficulties. Demonstrating the importance of the existence of a regulatory framework specific to the cryptocurrencies. That enable governments to exercise surveillance over the market. Without creating administrative problems to the citizens, or to the proper regulatory agencies. What makes the letter of the Congressmen, the Data of the Day today here in CriptoTendencia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.