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The topic of distributed technologies, including blockchain and crypto assets, is very interesting. Therefore the governments of well-developed countries are studying what is currently happening in this area in order to give its recommendations on the regulation of this industry in different areas of application. Countries are not sure of the position they take on the issue of cryptocurrencies, and therefore further work is needed on this topic. Coinself.io is glad to take part in the worldwide popularization of cryptocurrencies, and will make everything possible to present it easier for governments to accept new form of money.
The OECD helps member countries with the application of taxation of digital financial assets. The organization has an understanding of how it is now this picture looks different in different countries, what they are doing in this direction and whether it is necessary to develop a model of best practice.
“We still can’t say what the cryptocurrency is, how it will change, but we see that now there are some systemic shifts. We are well aware that in order to be an effective integration association, the OECD needs to react very quickly to what is happening in the global economy. The digital agenda is already one of the most important areas of the Union’s activities. But in principle digitalization is not one narrow direction, it is, in fact, a horizontal change in traditional economic models, which concerns both the development of integration and macroeconomic stability. The common opinion of all member states, that it is necessary to gradually move towards a common understanding, at least to start developing a glossary: what do we put into understanding specific terms, so that our legislation, if it will differ, at least, does not differ much in terms of concepts and terms.”,- says the principle of OECD.
For instance, The Republic of Belarus has made great progress in the legal implementation of everything related to the digital economy and in particular the blockchain. Regulation of blockchain and cryptocurrencies in the Republic of Belarus is experimental in nature and does not apply to a wide range of legal relations and an unlimited range of subjects. In other words, they are going from the minimum to the maximum, from a pilot project and a run-in of some relations to widespread use, if the economy shows that there are prerequisites for this.
Coinself will implement local development plans and support growing attention on cryptocurrencies. We are trying to make valuable contribution to help worldwide community and popularize altcoins all around the globe.