Azerbaijan To Host The biggest Conference Ever! Government Playing A Crucial Part
It is declared that on 27th September there is the first largest conference that is going to be held for Blockchain & Bitcoin which will cover all the aspect related to cryptocurrencies, the blockchain, and ICOs at Azerbaijan. This conference will be a grand one where there is going to be a debate about cryptocurrencies market, developers, payment systems, some of them will give the opinion about the usage and the users will be getting so many benefits by the knowledge sharing session. This is a platform where the brand is promoted.
Government Taking Step To Promote Blockchain And Cryptocurrency
For Azerbaijan, it was very difficult in the initial phase to manage cryptocurrency as the rules were not so flexible in the year 2017 and they faced a lot of hurdles as compared to 2018. They were also not so sure about the business as this plan will work for them or not. Bitcoins and altcoins were in a grey area and at that point in time, the future was not very bright for them.
The government is coming in front and taking some major steps to create a bright future for the country. It will try to solve all the legal issues that are holding the things back for which they are not able to make the decisions. As with time the government is aware of the cryptocurrency market and its potential. They are making better to run a smooth function so that it will help all the citizens with the development and new technologies. 2018 is a lucky year for Azerbaijan as the development for the market of cryptocurrency started in this year. The organization is working hard to create awareness and to make people understand about all the offers and services related to cryptocurrency. It is announced that there will be a consultation session of the international blockchain experts to talk to the financial institutions about the pros of token sales and ledgers and how they affect the market.
We have also heard that the Ministry of taxes has told that all the transactions of the cryptocurrency would be taxable. So, the legal entities will come under a corporate income tax plan and will have to pay the amount whereas, the physical entities will come under a personal income tax plan and they have to pay accordingly.
Something Big Is Waiting For The Attendees At The Conference!
This is so far the biggest conference ever for the cryptocurrency held at this place and one of the international company Smile-Expo is the organizer of this event. Blockchain and Bitcoin event will be sharing some important aspect and development for the users across the globe.
This is a brand promotion to bridge the gap between Azerbaijan and the foreign experts. The focus of this event will be on token sales and its functioning, the trading of the cryptocurrency and the new opportunities of the technologies which will be shared with the public on a global platform covering all the aspects. At the end of the event, there would be a Q&A round where all the query of the public will be entertained and answered accordingly.