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Aug 2018
20:00 UTC
Taxing & Regulating Cryptocurrencies & Blockchain Technology: A Webinar
Taxing & Regulating Cryptocurrencies & Blockchain Technology: A Webinar

On Thursday, August 30 at 10 a.m. London BST, we hosted a webinar that focused entirely on the regulation and taxation of cryptocurrencies and blockchain technology.

Cryptocurrencies and blockchain-based technologies are rapidly growing, both in popularity and importance within the financial services world. Jurisdictions throughout the globe have started thinking about the challenges posed by this growth and are now looking for the most efficient and responsible ways of regulating all things crypto.

On Thursday, August 30 at 10 a.m. London BST, we hosted a webinar that focused entirely on the regulation and taxation of cryptocurrencies and blockchain technology.

More specifically, participants learned about what Israel, Malta, Cyprus, Russia, the UK and Serbia, as well as other countries, are doing to make the most out of this booming industry.

Questions answered included:

  • What role do you see the Isle of Man playing in the regulation and taxation of cryptocurrency?
  • Which jurisdiction is home to the most crypto-friendly banks?
  • Which jurisdiction has the best regulation, taxation and banking solutions for cryptocurrencies?
  • Normally, cryptocurrencies are not backed up by assets. How would you persuade potential investors that investing in these currencies is not pure speculation?
  • Some ICOs focus on utility coins. How would you differentiate utility coins from other types of coins? Do you see a future for utility coins?
  • Cryptocurrencies are not very popular for governments in some jurisdictions. How could these governments be persuaded that these currencies would not undermine their authority to govern?
  • In terms of the question of territoriality, when you are selling a cryptoasset, where is it located? This is relevant for those tax residents in countries with the (semi) territorial systems of taxation like UK, Singapore, Hong Kong, etc.
  • Are the receipts from selling a cryptoasset income or capital?

Submit Your Cryptocurrency Questions

If your specific questions have not been listed above, please make sure to submit them below.



Dr. Charalambos Savvides

Dr. Charalambos Savvides,

Law Lecturer,

University of Nicosia, and Managing Director, Ch. P. Savvides & Associates LLC,


Charis is an experienced advocate and law lecturer in the University of Nicosia with over 10 years of experience in Corporate, Competition and Financial law. He holds a PhD in Law from the University of Sheffield in the UK, with his doctoral thesis being on competition law and more specifically on the EU regulatory framework on state aids to firms in difficulty. Charis is managing director of his own law firm in Cyprus, Ch. P. Savvides & Associates LLC, which comprises three distinct units, i.e. litigation, corporate and fund units, with a diverse national and international clientele. His expertise covers both mainstream corporate legal issues and more contemporary and advanced financial and investment areas, such as investment funds, Forex and digital currency, especially ICOs. In 2018, Charis joined as a managing partner the BL Advisory International, which is an international provider of end-to-end advisory services in helping businesses that want to raise funds through tokenization and creation of blockchain-based digital assets. Apart from consulting, Charis serves as non-executive director both in a prominent Forex company and in a private equity Alternative Investment Fund, both regulated by CySEC and based in Cyprus. Additionally, he is legal advisor and member of the UNic Blockchain Initiative, operating under the University of Nicosia in Cyprus, where he is also teaching Regulation and Digital Currencies, a law course offered by the University of Nicosia in the context of its MSc in Digital Currency.

Anna Tsabari

Anna Tsabari,

Tax Lawyer,

Ampeli Tax Law Offices,


Anna is an attorney with Ampeli Tax Law Offices since 2016.  She has gained extensive experience in various fields of taxation during former employment at leading tax firms, as well as Ernst & Young Israel, and is currently primarily focused on international and cryptocurrency taxation in Israel. Anna has an LLM (cum laude) degree in a jointly hosted program by the University of California, Berkeley and the University of Tel-Aviv, and she is a member of the Israeli Bar since 2011. Anna has co-authored several articles in professional taxation publications and daily newspapers in Israel.

Thomas Jacobsen

Thomas Jacobsen,

Managing Director,

Papilio Services Ltd.,


Thomas is the founder of the company and heads the organisation and the firm’s private clients’ department. He is the company’s Money Laundering Reporting Officer and is also the company’s accredited agent with Identity Malta for Malta’s residence and citizenship by investment programmes. After graduating from the University of Oslo, with a law degree specialising in International Tax, Thomas spent some time working as a lawyer for the Royal Norwegian Air Force. Thomas relocated to Malta in 1997 and spent ten years working within the tax and legal department of PwC. He has, over the past years, assisted and advised a number of international and local clients with their tax compliance requirements and on various cross border issues. In 2007 Thomas was a co-founder of a boutique multi-disciplinary organisation that advised international clients and high net worth individuals on a variety of compliance, corporate, residence and tax issues. He has extensive experience in advising clients in the setup of complex cross-border structures through the use of Maltese Companies, Trusts, Funds, Partnerships and Foundations. Besides income tax matters, including international tax optimisation, double tax treaties, capital gains tax and intellectual property structuring, Thomas has a great deal of knowledge about Maltese company law and corporate matters including corporate governance and management and administration affairs. Thomas is a fellow of the Malta Institute of Taxation (MIM) and a member of the Malta Institute of Financial Services Practitioners (IFSP), International Bar Association (IBA), the Investment Migration Council (IMC), the International Fiscal Association (IFA) and the Society of Trust and Estate Practitioners (STEP).

Nikola Korbar

Nikola Korbar,


Center for Economic Research,


Nikola is the CEO of the Center for Economic Research Belgrade, a regional leader for education of banking, auditing, financial, management and IT professionals. He has more than two years of professional experience with cryptocurrencies and blockchain technology and more than five years experience as an executive. He founded DigitalMoneyPulse, the first Serbian cryptocurrency educational platform in 2016. His primary interests are focused around cryptocurrency and blockchain disruptions, but not in a classical 'Bitcoin enthusiast' way, more from a professional economic standpoint (especially taking full advantage of his other spheres of interest). His biggest focus is currently on blockchain technology and how can it be used to take humanity to the next step of digital revolution.

Dmitry Zapol

Dmitry Zapol,

International Tax Advisor & Partner,



Dmitry is an international tax and business adviser with practical knowledge of the principles of individual and corporate international taxation and cross-border business planning. He joined IFS in September 2010 after earning his LL.M (Tax) degree at King’s College, London. Five years prior to this, Dmitry earned his LL.B Law at Durham University. Dmitry is a qualified Russian lawyer and, prior to coming to the UK, he was an associate at Moscow City Bar Association “Barshchevsky & Partners.” Dmitry holds the Advanced Diploma in International Tax (ADIT).

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