Tag Archives: DeFi

Commissions charged by a DAO that is a dex are subject to VAT tax.

BlockchainBy CMO December 23, 2021

The Blockchain Arbitration Society, through one of its founding law firms (Ferrer-Bonsoms and Sanjurjo, lawyers) requested a report from the Treasury of Navarra (Spain) on the subjection to VAT tax of commissions generated in a decentralized Exchange platform. The doubt arises because cryptocurrencies have been considered a legal means of payment. Therefore the effects of…

First BAS Arbitration Award Rendered

BlockchainBy CMO November 17, 2021

The award absolves a DeFi (Bamboo DeFi) from the request to remunerate native tokens (Bamboo) generated by liquidity mining. Blockchain Arbitration Society is an association considered the “world’s first virtual crypto jurisdiction”. It has member companies that want to give legality to legal and commercial relationships that arise in the blockchain and crypto environment. For…

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