Private Equity Moris Beracha Wuani

By Marie Huillet    Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges . An official announcement published on the agency’s website reported this development on Jan. 14. The authorization means that three unspecified Danish crypto exchanges now have legal disclosure obligations to hand over identity information that includes names, addresses and personal tax numbers, as well as details of all crypto transactions made on their platforms between Jan. 1 2016 to Dec. 31 2018. The Tax Authority has said it will use the information to ensure that citizens who have traded in crypto have duly paid the correct tax. Karin Bergen, a director at the agency, is quoted as saying that its fresh mandate will give it completely new opportunities in relation to its control in the cryptocurrency sector.   Any information pertaining to f...

By Moris Beracha .-  After a nasty drop in the price of Bitcoin, it seems that the currency is climbing back to its price of last December. Some experts believe that it could increase significantly. However, several things must be done. Firstly, they say, the currency must adopt rates as a store of value and be a medium of exchange, two common functions among conventional currencies. For that to happen, Bitcoin must become a better security infrastructure. “Assuming that Bitcoin will be used in the future as a store of value going forward (e.g., digital gold), a better security infrastructure overarching the entire crypto ecosystem will be needed for people to place trust in this new financial medium and start using it,” says Christian Ferri, President and CEO of BlockStar. “Once this happens, more people will jump in, so a scalable infrastructure will be crucial.” While a better security infrastructure is an important factor that will hel...