Crowdsourcing News Roundup – October 23

Oct 23, 2015


We are wrapping the 5-day weeklong conference with a blast at the European Forum For Entrepreneurial Finance, Matchmaking Fair event and CSW Crowdfunding Workshop for entrepreneurs. We would like to thank – our sponsors, supporting organizations, crowd partners – everyone for supporting CSW Europe 2015. To follow updates and tweets, search #CSWEurope15.

And because it’s Friday, here’s a curated weekly roundup of the breaking news and must-read thought leadership pieces on the crowd economy spotted by the Crowdsourcing Week team. Bitcoin, ridesharing and discussions on crowd capital are hot topics this week. 

London Law Firm to Digitise Contracts Using Bitcoin Technology

This would be a game-changer in the European markets. Blockchain will shape the future of crowd capital and finance, and it’s going to impact business transactions as well. Here’s a scoop via CoinDesk.

In partnership with Stash, a Texan startup formed earlier this year, Selachii will swap its paper documents for self-executing ‘smart contracts’ run on a layer above bitcoin’s blockchain. Selachii partner Richard Howlett told CoinDesk his firm, which has been researching various blockchain solutions since 2013, will start out with contracts such as wills, title registries and shareholder agreements.

Bitcoin is tax-free, European court rules

Another breaking news in the Bitcoin arena is that virtual currencies between parties are exempted from sale taxes according to the European court rules. Here’s a scoop via The Telegraph.

Europe’s highest court has declared that Bitcoin is exempt from VAT, giving a huge boost to its potential as a rival to established currencies. Purchasing and selling Bitcoin must not incur the sales tax, the European Court of Justice said, declaring that Bitcoin transactions are similar in nature to those of other “currency, bank notes and coins used as legal tender”. Ruling that Bitcoin transactions were liable for sales tax would have been a significant blow, squeezing liquidity by making it much more expensive to buy and sell the virtual currency.

Great news for Australian entrepreneurs!

The Australian government responded the call of the startups and entrepreneurs to open the door of equity crowdfunding for early stage innovators. Here’s a scoop via Crowdfund Insider.

The Australian government revealed its response to the financial systems inquiry today and buried within the document was provisioning for “crowd-sourced equity crowdfunding “.  The long anticipated move by the government is part of the innovation agenda in the financial sector. Final guidelines for equity crowdfunding are anticipated before the end of the year. The document called equity crowdfunding an “urgent priority” and one that was dearly needed to “support the funding needs of early stage innovators”.

CarAmigo Secures Clear Tax Ruling: Car Share Earnings “Not Income”

CarAmigo’s securing clear tax ruling for individual car owners is going to change the P2P carsharing. They have announced the good news at the CSW Europe 2015. Here’s the scoop.

A “ruling” decision has just been rendered by the tax authorities about the fiscal consequences of using CarAmigo for individual car owners: concretely car sharing fees will not be considered as professional income for individual users, subject to compliance with specific conditions & criteria, such the number of shared vehicles, the cumulative duration of rentals and the cumulative amount of income generated.

The Things Network launches their Kickstarter campaign to build open networks

Another scoop at the CSW Europe 2015 conference is The Things Network’s announcing their Kickstarter campaign to build their bespoke hardware that would democratise networks. This product will allow their community to build an open and free network for the Internet of Things at 20% of the costs of currently available hardware.

Has Crowdsharing Come Of Age?

Here’s a thought-piece by Theo Priestley, a Forbes Contributor and crowd economy evangelist. He was also a moderator during the mobility panel. Here’s the scoop via Forbes.

Sitting at Crowdsourcing Week Europe 2015 in Belgium it was clear that crowdsourcing isn’t going to go away any time soon. With a strong line up from government officials, startups and experts from all corners (some traveling from as far as India and Kenya) it was proof of the impact of the sharing and collaboration economy.

There are tons of fantastic stories out there. What else caught your eye this week? Did you come across some breaking news or a good thought piece?

About Author

About Author

Maria Krisette Capati 玛丽亚

Maria is the Editorial Associate of Crowdsourcing Week in charge of media outreach. She's a major of Business Management and Entrepreneurship and an advocate of faith-based non-profit organizations, women's, and children's rights. When she's not writing and dabbling with the Crowdsourcing Week team, she satiates her wanderlust and travel around Asia.

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