Azerbaijan

Azerbaijan is considering applying SMART contracts and distributed ledger technologies (DLT) to the utilities and housing sectors. Its Ministry of Justice is joining the list of government departments adopting blockchain technologies to elevate efficiencies.

Coin Idol TV News channel broadcasting a new video digest on May 9. Today in our digest: Azerbaijan will subject a tax on cryptocurrency net sales, Japan has announced new five-point regulations for cryptocurrency exchanges.

All generated revenues from cryptocurrency operations will be taxed in Azerbaijan, said Nidjat Imanov, Deputy Director of the Department of Tax Policy and Strategic Studies at the Ministry of Taxes.