October 2015
The NAGA Group AG Is Founded
February 2016
One of Europe ́s oldest banks, Hauck & Aufhaeuser (inc. 1796) invests in NAGA
February 2016
NAGA TRADER wins at the FINOVATE Conference in London
June 2016
NAGA TRADER executes its first live trade
August 2016
Fosun agrees to a JV and invests over €12m in NAGA
November 2016
Establishment of the Joint Venture for SWITEX
July 2017
NAGA IPO gets oversubscribed by 350%
September 2017
Launch of NAGA TRADER Auto Copy Trading and CYBO 2.0
September 2017
NAGA Market Cap amounts to – €200m
20. November 2017
1. December 2017
Main Sale
15. December 2017
Closing of TOKEN SALE
22. December 2017
Listing on HitBTC
12. January 2018
Listing on Okex and Cobinhood
We are here
March 2018
Introduction of NGC as deposit method in NAGA TRADER
March 2018
Launch of the NAGA WALLET
April 2018
Integration of NGC as NAGA TRADER Base Currency
June 2018
Integration of NGC in Switex
Advised By
  • Roger Ver
    Founder & CEO
  • Mate Tokay
  • Miko Matsumura
    Co-Founder Evercoin
  • Guy Ben-Artzi
    Co-Founder Bancor
  • The problem
    Investments and trading are ruled and governed by greedy banks and corporations that control access, operate non-transparently and always take a cut of your money. As a result the industry suffers from low liquidity in virtual goods and cryptocurrencies, as well as the lack of a single interface to access financial, virtual goods and crypto-markets. On top of this, the complexities and exclusive nature of existing financial systems currently leave over 2 billion people unbanked worldwide.
    The solution
    One decentralized cryptocurrency for:
    • Financial Markets
    • Virtual Goods
    • Cryptocurrencies
    We enable everyone to make money on one platform:
    • Securely
    • Simply
    • Without banks or a bank account
    Benefit from the digital transformation of the largest industries in the world:
    Introducing the NAGA Coin.
    The number one cryptocurrency for trading, gaming, and virtual goods; all connected through the NAGA Prepaid Card
    Our Awards
    Our Awards
    Meet the team
    • NAGA Coin (NGC) - Meet The Team
    • Interview - Yasin Sebastian Qureshi
    • Interview - Benjamin Bilski
    • NAGA Token Sale Interview - Igor Kulatov
    • NAGA Token Sale Interview - Alexander Braune
    • NAGA Token Sale Interview - Wladimir Huber
    • NAGA Token Sale Interview - Resad and Faris Zacina
    • NAGA Token Sale Interview - Denis Kolyada
    • NAGA Token Sale Interview - Alexander Zatylkov
    Watch our live q&a sessions
    • Q&A Session - Big news on the NAGA Wallet
    • Q&A Session - NAGA CARD big announcement & exchange listings
    • Q&A Session on Future NAGA Project Switex
    • Q&A Session on NAGA Coin & NAGA Projects
    • Q&A Session Switex Update
    Watch our videos
    • NAGA Intro Video (Chinese Subtitles)
    • Welcome to Scale, The NAGA Group AG
    • NAGA IPO Listing Event
    • NAGA CARD is here!
    • NAGA Coin on OKEX
    • Switex - the Virtual Goods Exchange
    • Switex - NAGA Wallet
    Watch our reviews
    • Coin Review: NAGA COIN (NGC)
    • Interview with NAGA COIN Founder
    • NAGA COIN Review: Smart Cryptocurency for gaming and Stock Trading
    • Bitcoin & Blockchain rattle financial industry
    • Listed on the German Stock Exchange
    • Real business with millions of real revenues
    • Outstanding team of experts and track record
    • Among the fastest growing FinTechs in Europe
    • 1 Token (NGC) for an entire financial and gaming ecosystem
    Rated By
    Official Strategic Partner
    Official media partner
    NAGA in the media
    NAGA in the media
    The NAGA Group
    The NAGA GROUP AG is a German FinTech company listed on the German Stock Exchange in Frankfurt. NAGA was founded in 2015 and performed the fastest German IPO in the last 15 years, currently trading at 400% above issue price.
    • A management owned and growth-driven young FinTech company with a great team of more than 120 people.
    • Millions of EUR in yearly revenues, billions of EUR in trading volume, and several hundred thousand transactions per month.
    • NAGA owns various EU-financial licenses, including an asset management license and is built on a top legal setup.
    • NAGA's current market cap exceeds 200 million EUR with a share price of around 9-10 EUR (as of Oct. 17). This is an increase of around 400% in comparison to the issue price of €2,60 in July 2017.
    The NAGA Group
    NAGA TRADER is the world´s most innovative social network for stock trading with millions of transactions and billions of traded volume each month.
    • Over 700 trading instruments, 24/5 real-time pricing, international customer support and an experienced team.
    • Autocopying of top traders with one single click.
    • Sophisticated Robo-Advisor called "CYBO" indexing crowd data and market data driven by artificial intelligence.
    • Available on iOS, Android and the Web.
    Switex aims to be the world's first trading exchange for virtual goods powered by the blockchain.
    • Open integration API for game publishers around the globe.
    • Intelligent item management inside the platform.
    • Buy, sell & hold Items from various game publishers.
    • Built on transparency and a regulated environment powered by Germany's largest stock exchange.
    • Items are stored on a blockchain-based-system. Fraud and scam are prevented and belong to the past.
    The NAGA wallet
    The NAGA Wallet will be the multi-currency payment gateway inside the NAGA Ecosystem, allowing its users to exchange fiat money, cryptocurrencies, or virtual goods for any liquid assets available on the platforms.
    • Multi-asset compatibility (any blockchain asset compatible with and accepted by the NAGA Wallet).
    • Best available foreign exchange rate and transaction fees.
    • Decentralised and secure storage.
    • Dedicated NGC Bonus Wallet. Switex and NAGA TRADER users will earn a percentage based bonus per transaction volume executed on the NAGA platforms. Details on the benefits will be published within the whitepaper.
    • Items are stored on a blockchain-based-system. Fraud and scam are prevented and belong to the past.
    The NAGA wallet
    The NAGA Coin - the driving force in making social trading for cryptos, virtual goods and stocks accessible for everyone
    NAGA COIN (NGC) smart contract
    view smart contract on github
    view smart contract audit
    Management & tech team
  • Nicholas Thomas
    Managing Director NAGA Development Association Ltd.
  • Resad Zacina
    Chief Project Manager
  • Faris Zacina
    Chief of Tech Operations
  • Anton Kudryavtsev
    Integrations & Security
  • Igor Zinkovsky
    Trading API
  • Alexey Kislin
    Blockchain Developer
  • Denis Kolyada
    DBA & Blockchain Expert
  • The NAGA team
  • Yasin Sebastian Qureshi
    Founder & Executive Director
  • Andreas Luecke
    CFO & Executive Director
  • Benjamin Bilski
    Founder & Executive Director
  • Igor Kulatov
    Co-Founder & CTO
  • Christoph Brück
    CEO Switex
  • Wladimir Huber
    Financial Director
  • Alexander Braune
    Operational Director
  • Sandra Panknin
    Administrative Manager
  • Pascal Warnecke
    Marketing Strategist
  • Hendrik Theis
    Brokerage Strategist
  • Alexander Zatylkov
    Project Manager
  • Svenja Kempener
    Digital Marketing Manager
  • Dario Evers
    Head of Support
  • André Rupp
    Director of Business Development (Switex)
  • Yevhen Serdiuk
    Financial Analyst
  • Johannes Schädler
    Social Media Strategist
  • Ibrahim Hodeib
    Sales Strategist
  • Bingxi Li
    Asia Business Development Strategist
  • Federick Grimm
    Support Manager
  • Advisors
    Blockchain Advisors
    • Roger Ver
      Founder & CEO
    • Mate Tokay
    • Miko Matsumura
      Co-Founder Evercoin
    • Guy Ben-Artzi
      Co-Founder Bancor
    Media Advisor
    • Yagub Rahimov
      CEO and Co-Founder of the 7marketz Inc. group of companies
    • Michael Terpin
      CEO, Transform Group; Chairman, BitAngels
    Legal Advisor
    • Lionel Iruke
      Legal Advisor
    PR Advisor
    • Stefan Riße
      Financial & Communication Expert
    Strategy Advisor
    • Andreas Ruether
      Strategic Advisor
    • David Drake
      Chairman of LDJ Capital
    • Harold Kim
      Asia Regional Advisor & NAGAZUA Project Director
    Product Advisors
    • Stavros C. Fatta
      Executive Director NAGA Markets and NAGA Academy
    • Michael Milonas
      Executive Director NAGA Markets and NAGA Academy
    What is NGC?
    The NGC is a decentralized cryptocurrency for trading and investing in financial markets, virtual goods and cryptocurrencies.
    All activity in the network revolves around NGC, from serving as the primary form for fees and collateral, to serving as the main base currency for any transactions. NGC shall become the driver of a sustainable economy where demand grows as more and more users, financial institutions, and game-publishers join the NAGA ecosystem.
    With our token sale we aim to establish the world´s first crypto-gateway to trade stocks, CFDs, ETFs, and any other sort of financial instruments and in-game items on a global scale in a secure and transparent way. NAGA shall become the trading platform for any financial or virtual product of the future.
    Is NGC a utility token?
    Yes. NGC is a decentralized cryptocurrency for trading and investing in financial markets, virtual goods and cryptocurrencies. It is used as a unit of account within the NAGA ecosystem and is thus a utility token.
    Why should I use NGC?
    There will be a variety of uses for NGC. To sum a few up: You can purchase education packages and acquire online degrees.
    Furthermore, you can use NGC as a base payment method in the entire NAGA ecosystem. Therefore, you could use NGC to start trading stocks or virtual goods.

    But there is more to it:
    If you are using NGC to purchase either of those, you will also receive different bonuses. For example, a cheaper price than you would pay if you were using EUR or USD.
    How can I buy/sell NGC?
    You can buy/sell NGC at the following exchanges:

    If you don´t have any cryptocurrencies yet, you can buy with creditcard or bank transfer at, or and then purchase ETH, BTC or USDT and send them to the exchange where you want to trade. See all markets where you can exchange NGC here.
    Is NGC secure?
    In terms of website and platform security - yes!
    Our infrastructure is located across private clouds, which is replicated several times and backed up.
    We use extensive firewalls and load balancers to establish network security and the best accessibility. Also we constantly monitor new threads and apply security patches immediatelly after release. Our servers are running Linux as OS and we have exlusive security support.

    We never store private keys of crypto wallets inside of our infrastructure. These are stored and secured according to the Glacier Protocol
    How many NGC are there?
    The NGC distribution has ended. There were 77,910,266.15769 NGCs distributed. All unsold tokens were burned.
    How was NGC created?
    The NGC tokens were created on the ethereum blockchain.
    We followed the standard ERC20 protocol on the ethereum blockchain through smart contracts.
    What is a token?
    Tokens are a representation of a particular asset or utility that usually resides on top of another blockchain.
    Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!

    In our case, one NGC tokens displays the value of one NGC coin on top of the ethereum blockchain.
    What is a smart contract?
    This is a specially designed program code that allows you to automatically perform certain functions when certain conditions occur.
    To implement smart-contracts, a decentralised environment is required that completely excludes the human factor.
    To use the transfer of value in a smart-contract, it requires a cryptocurrency. Read more on Wikipedia.
    Can I see the Smart-contract?
    The smart contract is published at Github
    What is a blockchain?
    Blockchain is a big deal that takes a lot of explaining.

    In summary, it is: a distributed database that doesn’t have storage devices connected to a shared server. This database stores an ever-growing list of ordered records, called blocks. Each block contains a timestamp and a link to the previous block. Read more on Wikipedia.
    Why are you using Ethereum?
    Launched in 2015, Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications.

    The potential applications of Ethereum are wide ranging. That’s why we decided Ethereum is the best platform for the NGC.
    What is the ERC20 standard?
    The ERC20 token standard describes the functions and events that an Ethereum token contract has to implement.
    Why are only 55% being sold? What happens to the rest?
    17.5% are reserved for employees.
    5% are reserved for the referral program.
    12.5% are reserved for legal and advisory.
    10% are reserved for M&A reserve, buy back and options.
    What are Fiat, Bitcoin and Ether currencies?
    Fiat money is a currency without intrinsic value established as money by a government regulation or law.

    Bitcoin was the first cryptocurrency published by Satoshi Nakamoto.
    Can I mine NGC?
    No, NGC will not be mineable in its current state.
    How does the NAGA CARD work?
    For further information please check our Q&A Session - NAGA CARD big announcement & exchange listings -
    What's the current price of NGC?
    You can find the current price of NGC on Coinmarketcap:
    Where can I use NGC?
    NGC can be used on all NAGA platforms including NAGA TRADER, Switex and the NAGA Academy.
    How can a holder of NGC benefit?
    NGC is the base currency for all NAGA services -Lower Trading Fees on NAGA TRADER on every asset using a NGC account, for example NGC users will pay 50% of the trading commissions for each trade they perform on NAGA TRADER. -Cashback per each Trade performed on NAGA TRADER using an NGC account -Double crediting of Copy Bonuses on NAGA TRADER using a NGC account -Lower Trading Fees on Switex on every asset using a NGC account -Switex Cashback Program -Discounted purchase of Ad Credits for the Switex and NAGA TRADER AdManager -Community Status and Free Access to Paid and Premium Content -As a user you benefit from the digital transformation of the largest industries in the world.
    Where are NAGA tokens being stored?
    All NAGA Tokens are generated and controlled by a smart contract. NAGA Tokens will be stored by our company founders in a cold storage.
    Your Tokens will be held by you, in your personal wallet.
    Why will the demand for the NAGA Coin (NGC) grow?
    The NGC is the base currency for all our platforms, already trading billions of EUR every month. With every new user the demand for NGC grows.
    As more and more users join and fund the NAGA Wallet in fiat or cryptocurrencies, NAGA has to keep buying NGC at the exchanges to satisfy this growing demand. Alternatively, users will buy NGC directly at the exchanges - and growing demand means a growing NGC price!

    The supply for NGC is limited, and the demand - well, there are 2+ billion potential users and hence 2+ billion potential NGC buyers out there.
    What seperates us from other crypto providers?
    • A listed German entity with millions of EUR in yearly revenues, billions of EUR in trading volume and several hundred thousand transactions per month.
    • The NAGA stock has attracted massive press attention and was even considered as one of the top traded retail shares in Germany.
    • NAGA's current market cap lies between 300m - 400m EUR with a share price of around 9-10 EUR (as of Sep. 17). This is an increase of over around 400% in comparison to the issue price of €2,60 in July 2017. The roadmap is unlike other Token Sales - the technology is there, the users are there, millions in revenues are there! The only mission is the growth of our crypto economy.
    • An aligned and motivated team which has achieved many notable milestones together (amongst them one of Germany's fastest IPOs in the last 15 years).
    • A management owned and growth-driven young FinTech company with a great team of more than 120 people.
    • With NAGA TRADER we have an existing product generating multi-million USD in yearly revenues driven by thousands of users with its own robo-advisor called CYBO.
    • With Switex, we have a virtual item exchange in alpha phase based on a partnership with leading players in the industry. .
    Register with the NAGA COIN
    You just need to give us your email address and create a password in order to open an account on the NAGA ecosystem. Please note: If you have a NAGA TRADER, NAGA Markets or Hanseatic Trading Account, simply use your e-mail/username and password to sign in.
    Verify your account
    Verification is not necessary at this point.
    Accepted Countries
    Unfortunately, due to specific regulations from individual countries, we are unable to provide services in specific regions.

    Restricted jurisdictions: We do not establish accounts to residents of certain jurisdictions such as the USA, Japan, Canada, Belgium, Cuba, Iran, Iraq, Syria and North Korea.
    Reset your password
    We recommend that you reset your password via the NAGA Coin website. Please click on the 'Forgot password?' button and type in your email address.
    You will receive an email which contains a link to reset your password. It takes just a few seconds!
    The new password must contain minimum 6 characters and at least one alphanumeric character.

    If you have not requested to reset your password, you can login with your existing credentials - nothing has changed so far.
    Changing account details
    If you move to a new country or region, or have mistyped your address during the registration - please let us know so that we change your information before you proceed to use NAGA services. You can simply send a mail to [email protected] with you request.

    Please do not forget to attach your new or correct Proof of Residence if your account is verified.
    As soon as we have received your mail, we will proceed to change your address in our records.
    Closing your account
    We are sorry to hear that you wish to close your account with us. We value your participation in the community and we'd be sorry to see you go.
    Closing your account means you won’t be able to use it to sign in to the NAGA Services you’ve been using. So before you close your account, take the time to tie up loose ends, close all positions, and make sure you have withdrawn all available funds.
    If you still decide to close your account, please contact us via [email protected] in order to proceed with your request.
    Transfer funds between the NAGA Platforms
    To follow!
    Setup MFA
    Check this Video explainer 2FA
    Is your website secure?

    Our infrastructure is located across private clouds, replicated several times and backed up. We use extensive firewalls and load balancers to establish network security and best accessibility. Also we constantly monitor new threads and apply security patches immediatelly after release.
    Our servers are running Linux as OS and we have exlusive security support.
    I can't access my account anymore
    No worries! This is something which can be solved.
    Have you checked if your credentials are correct?
    Have you tried resetting your password?
    There might be various reasons why you cannot access your account anymore.
    If you are sure your credentials are correct and you are unable to reset your password -> Please contact our support team and we will gladly assist you!
    Tips for a secure account
    • Maintain your computer's security
    • Protect your password from other people
    • Use your private computer
    • Always log out after using our services
    • Dont respond to e-mails requesting personal data
    • Be careful when downloading
    Those are general rules which should be followed not only for NAGA, but also for all other platforms and services.
    Also, in terms of password security, it's always good to chose a password which is not related directly to you.
    Therefore please do not use your name, birthdate or address.
    Rather use a random number and letter combination. You can find further details on password security on website like
    They also provide a password generator which might be helpful for you.
    Is NGC anonymous?
    NGC is just as anonymous as Ethereum itself as NGC is built on the Ethereum blockchain.

    This means that your wallet address is not related directly to your name. Therefore, you can 'almost' anonymously use NGC.
    We're saying 'almost', because - if someone knows your wallet address and can relate it to you, he knows where and when you are sending NGC payments.
    What is NAGA?
    NAGA is a team of more than 120 people across Europe who aim to reinvent the online trading and gaming industry by providing everyone the possibility to trade financial instruments and virtual items.
    Who stands behind NAGA?
    NAGA´s team combines deep know-how in trading, banking, and blockchain technology with the right mixture of start-up spirit and corporate professionalism to bring enthusiastic innovation and measurable results to our client’s business processes.
    How does NAGA differ from competitors?
    Compared to our competitors within the online trading and gaming industry, NAGA is the first platform that combines both worlds and sees itself as the trading platform of the future.
    What is the purpose of NAGA as a company?
    Founded with the mission to make financial transactions in stocks and the gaming market more transparent, secure and accessible to everyone, the NAGA team stands for disruptive and innovative solutions in the online trading and gaming world.
    Are there any offices of NAGA in Europe?
    Yes, Naga has its offices located in Hamburg (Germany), Sarajevo (Bosnia & Herzegovina), Madrid, Barcelona, Valencia, Palma d. M. (Spain), Limassol (Cyprus).
    What is NAGA’s vision for the future of trading?
    We at NAGA don`t just believe in decentralized and transparent data but also in the power of decentralized services. Our vision of the all-in-one platform for financial services is not geographically bound by borders. Today’s technology and regulation allows us to create a decentralized third-party marketplace that brings the leading financial technology to everyone around the globe.
    What is NAGA’s vision of the future trading platform?
    The trading platform of the future does not only offer trading with cryptocurrencies but also has a fully functional infrastructure around the blockchain technology, allowing everyone to trade financial instruments as well as virtual products such as in-game items.
    What are your corporate achievements without paying attention to your IPO?
    With NAGA TRADER we have won the awards at Finovate Europe (one of most important FinTech awards). We also won the Digital Top 50 award, the A to Z Award as best Social Trading Platform and the Red Herring Award.
    Who are your investors/partners?
    We are backed by the largest private investment conglomerate from China called FOSUN who is our main shareholder and are further supported and backed by widely known investors, institutions and advisors such as one of the oldest private banks in Germany Hauck & Aufhäuser.
    Is NAGA a company with fixed structure or is it striving to expand over time?
    Several providers are already live and connected and allowed NAGA to scale faster than its peers. After connecting several brokers around the globe such as FXCM, NAGA TRADER is currently in the process to connect Interactive Broker Inc. what will allow us to offer physical stocks on our platform. With a growing number of connected providers, brokers and publishers, the NAGA ecosystem will grow exponentially.
    What is NAGA TRADER?
    NAGA TRADER is a subsidiary of NAGA which offers a unique concept that allows everyone to trade Forex, Indices, Stocks, ETFs and CFDs by copying other traders. NAGA TRADER offer a trading functionality and several functionalities of a social network. The platform is thus intended to be more appealing to younger users, who have not dared to enter into the complex financial markets world.
    What is Switex?
    Switex will be the first legal, market eco-system for virtual goods, which will allow gamers, game developers, and publishers to all profit fairly.
    Furthermore, Switex will step into the immense world of the games industry, with over 1.8 billion gamers and over $108 billion in worldwide revenue. In light of the fact that there is still close to 50% of the word’s population without internet, the number of gamers will almost certainly increase over the next few decades and the games market will become even more significant as new generations grow up with games/gamified content around them.

    An indication of the hidden potential in this market can be seen in the very game relevant E-Sports market, which has experienced explosive revenue growth in the last few years, from $325 million in 2015 to over $696 million in 2017. This is expected to grow again to $1.5 billion in 2020.
    What is NAGA Academy?
    NAGA Academy is planned to be launched in Q1 2018.

    The academy will be launched in cooperation with a leading Cypriot educational institution with over 20 years of experience, offering recognised UK bachelor and master degrees in Business Management, Accounting, Law, etc. The NAGA Academy will offer online training through webinars and web-based courses, as well as offline education through classes, workshops and seminars in financial trading, FinTech technology, cryptocurrencies and virtual goods trading/economy.
    NAGA Academy offerings can be acquired using NGC as well as other crypto- and fiat currencies via the NAGA Wallet.
    What is NAGA Markets Ltd?
    NAGA Markets is a licensed and regulated European broker. A regulated Investment Services Firm authorized in the conduct of its activities by the Cyprus Securities and Exchange Commission (CySEC) under the CIF License Number 204/13 and registered with FCA (FSA, UK).
    What is the plan of action for NAGA?
    The further Development of the NAGA Platform consists of three tracks:
    • Technology development
    • Legal and licensing development
    • Community and business development
    The technology development track is dedicated to creating not only the smart contracts for NGC and its ecosystem, but also all the necessary infrastructure for fund administration, re-porting, analysis, and integration with publishers, banks and brokers. Thanks to the extensive experience of the NAGA team in the development of trading platforms and the setting up of API connections with lending companies, these tasks rest on a solid foundation of expertise and successful track record.

    On the legal and licensing track, NAGA legal and executive teams will focus their efforts on setting up a fully transparent, licensed where necessary, and auditable structure, making sure that the envisioned structure is fully compliant with regulations. To do this, NAGA will perform in-house research as well as contract with reputable legal firms.

    On the community and business development track, NAGA will continue its aggressive expansion strategy, sign new partnerships and build a strong international brand. Partnerships with leading online marketing agencies and consulting companies will accelerate NAGA`s future expansion plans.
    How will the product develop, now that the token sale is completed?
    We foresee the following roadmap on the product side:
    • Q2 2018 Completion and production deploy of The NAGA Wallet
    • Q2 2018 Integration of NGC into NAGA TRADER
    • Q3 2018 Integration of NGC into the NAGA TRADER and Switex Ad Server
    • Q2 2019 Launch of Peer2Peer FX*
    Are the team and advisory/legal tokens locked?
    100% of the Legal & Advisory Tokens will be locked up for 6 months.
    50% of the Team Tokens will be locked up for 6 months.

    Referral Program Tokens were not set to be locked.
    How can I contact you?
    Feel free to contact us via email, chat or telegram.
    How is NAGA maintained in a legal field?
    NAGA owns various financial licenses, including an asset management license and is built on a top legal setup.
    What is the legal structure of the NAGA Coin (NGC)?
    The NAGA Coin (NGC) is a project by the NAGA DEVELOPMENT ASSOCIATION LTD. in cooperation with THE NAGA GROUP AG, Hamburg. The coin will be issued by the NAGA DEVELOPMENT ASSOCIATION LTD.
    How is the collected cryptocurrency regulated by the tax authorities?
    This is treated differently in each jurisdiction. A token can be a means of payment, a digital asset, a foreign currency, a software and even a service. Please seek an independent expert advice for your jurisdiction.
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