The brothers announced their proposal for the «Virtual Commodity Association» (VCA) in a blog post, arguing that such an organization is necessary to help the market continue to grow and mature. (cryptotimes.news)
Earlier this month, the island's finance minister, Sheu Yu - jer, stated his belief that cryptocurrencies - which are treated as virtual commodities - should be taxed in Taiwan, adding that the agency is currently studying how to implement relevant taxation rules. (coindesk.com)
«The promise of virtual commodities and their impact on the future will be profound — but individuals and institutions need to feel safe and secure when transacting,» the brothers wrote in a statement. (fortune.com)