Following Spain and Portugal, the Worldcoin Project might be declared illegal also in Italy, according to a press release issued by the Italian Data Protection Authority.

The process of biometric data, which is based on the consent of the user, cannot be considered as a valid legal ground as the consent given is based on insufficient information.

Check the ground before you step in.

#AssetProtection #WealthMasonry #TAYGETUS

2015

👉 Article 135(1)(e) of the VAT Directive must be interpreted as meaning that the supply of services such as those at issue in the main proceedings, which consist of the exchange of traditional currencies for units of the ‘bitcoin’ virtual currency and vice versa, performed in return for payment of a sum equal to the difference between, on the one hand, the price paid by the operator to purchase the currency and, on the other hand, the price at which he sells that currency to his clients, are transactions exempt from VAT, within the meaning of that provision;

👉 Article 135(1)(d) and (f) of the VAT Directive must be interpreted as meaning that such a supply of services does not fall within the scope of application of those provisions.

https://curia.europa.eu/juris/document/document.jsf?docid=170305&doclang=en

For companies, in the Republic of Cyprus, profits from cryptocurrency-related activities are subject to corporate income tax at a rate of 12.5%, which is one of the lowest rates in the EU.

If you are not a Cyprus resident, dividends out of profits are tax free.

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