Alexandre Lourimi made a presentation alongside Antoine Scalia at the DeFi Summit in London to discuss taxation and regulation of the decentralized finance industry.

His speech is reproduced below.

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As you know, cryptos raise many complex legal and tax issues.

In 2017, regulators around the world began to address this issues when the ICOs appeared. The general public has heard about it and some have invested significant amounts of money. There have been many scams and many financial losses among small savers.

 

The regulator had to take up the subject. The tax authorities, always in advance, had taken positions as early as 2014, in France and the United States, but had remained cautious.

Before I talk more specifically about DeFi, I will quickly come back to the reasons of these issues.