The DT COIN Digital Currency

The DT COIN Digital Currency

Looking for opinions and reviews on cryptocurrencies (value, price, information for the Italian market) is not easy. There are those who say that cryptocurrencies are the currency of the future and that, one day, they will replace the currencies that are legal tender in the States. Until that day, those wishing to buy bitcoins will have to be very careful in applying the envisaged discipline – of purely jurisprudential matrix – at national or European level, in tax and social security matters and, above all, in avoiding incurring the numerous scams that circulate  in the field. Starting from the first aspect, in the absence of a system of laws that fully regulate the matter, we must look at the orientations formulated by the national tax authorities (so as to understand to what tax regime the cryptocurrencies are subjected) and to the rulings of the jurisdictional bodies, called  to identify the real nature of these currencies (if, for example, they are to be classified as intangible assets or if they are similar to money). Among the world powers, Italy has been one of the last to intervene for the regulation of Bitcoins, thus for a long time removing investors in the sector who, frightened by the absence of a regime – above all – fiscal, which was clear and precise,  have preferred to direct their investments in countries already endowed with an ad hoc discipline (first of all, UK and Finland).

At European level, the first intervention took place in 2015, when the Court of Justice of the EU, called to decide on the applicability of the I.V.A.  to cryptocurrencies, he correctly believed that he had to first elaborate a definition; in particular, with a judgment of 22 October 2015 (case C-264/14) the European judges considered that “a virtual currency can be defined as a type of digital currency, not regulated, issued and controlled by its developers and used and accepted between  the members of a specific virtual community.

The “bitcoin” virtual currency is part of the “two-way flow” virtual currencies, which users can buy and sell based on exchange rates. These virtual currencies are similar to any other convertible currency in terms of their use in the real world.  They allow the purchase of both real and virtual goods and services.  Virtual currencies are different from electronic money “.

Thanks to this first definition, it is therefore possible to state that cryptocurrencies are a virtual currency, completely similar to money (not being intangible assets), which despite not having legal tender – like the currencies recognized ex lege – allows the purchase of goods  and services, real and / or virtual.

In 2017 also the Italian Legislator has finally decided to intervene on the subject and to adopt, albeit in a generic way, a first discipline concerning Bitcoin (the capital letter is normally referable to the general system, while the lower case refers to the currency itself), defining it as a virtual currency, or “the digital representation of value, not issued by a central bank or a public authority, not necessarily connected to a currency having legal tender, used as a means of exchange for the purchase of goods  and services and electronically transferred, stored and negotiated “(Article 1, paragraph II, letter qq), Legislative Decree 25.05.2017 n.  90).

Once the nature of the cryptocurrencies has been identified (to be interpreted and deepened in the light of the continuous corrective interventions of the jurisprudence and national legislators), it is necessary to understand what cautions to adopt to avoid incurring frauds or scams.

First of all, the experts in the sector all agree that the appearance of the site containing the bitcoin offer is fundamental: if it does not have the HTTPS security certificate (the green padlock, to be clear), or the indication of the company’s registered office is missing or, in any case, it appears to lack the elements necessary for a complete evaluation of the company, it is better to leave that site  web in favor of another safer.

In the digital world, reliability and professionalism play a fundamental role, in the absence of direct contact, in relations between investors and suppliers. For this reason it must be given more space to the most credible and serious realities, among which a new cryptocurrency recently launched on the market and already on the way to success stands out: the Dt Coin. Born from an idea by Daniele Marinelli, entrepreneur and chartered accountant with over 20 years of experience in financial consultancy, DT Coin is a virtual legal currency, based on new concepts of exchangeability and trading, whose intent is to cancel the volatility  speculation and aim at the stability needed to be fully usable as a complementary currency.

Although a couple of years ago it was labeled as a “scam” or “Ponzi scheme” (we invite you to ignore this obsolete and inaccurate information, and to read the updated DT Coin reviews), today DT Coin is enjoying great success in the economy sector.  digital also thanks to its stable organization in Europe and the acceptance of money as a method of payment in the first commercial activities in Italy.

The new market concept that the DT Coin project wants to launch is in fact based on a system of forced capitalization, with a logic of purchase cycles in which the starting price of each cycle represents a sort of parachute under which it will not be  more possible to return. It is not difficult to imagine how this is the dream of every cryptocurrency: to be used for its complementarity, and not as a speculative tool to get more money.

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