Reviewing the resolution on “Capital Gains Tax” on cryptocurrencies; the “World Economic Forum’s” plan to divert or control cryptocurrencies and how China deceived the world.
Prologue
Bitcoin started bubbling up like a small spring, moving forward on a rough and uneven path, and every day it expands in scope and depth as a phenomenon of the century; however, this greatness is so alluring that it also creates serious misunderstandings.
We have a serious misunderstanding in Iran regarding Bitcoin and, by extension, all cryptocurrencies, blockchain technology, and digital assets.
Blockchain technology serves as the infrastructure for solving various issues in authenticity, ownership, financing, sales, logistics, and similar fields; within this framework, tokens are defined in each project, which can lead to the formation of a secondary market and trading rooms. Due to the attractiveness of projects, tokens gain value and valuable assets are traded; however, the current misunderstanding in the public, private, and governmental sectors is this one-dimensional view of cryptocurrencies, which sees them merely as tools for transferring value or profiting from buying and selling. Cryptocurrencies were not created for trading and transactions. Not only Bitcoin, but in none of the major projects like Ripple, Cardano, Polkadot, or Solana, and hundreds of other cryptocurrencies, the goal of their creation has ever been trading. Of course, cryptocurrencies are traded; factors such as utility or prevalence lead to changes in their value; however, the purpose of their creation was not to produce trading instruments.
There is nothing wrong with trading or being a trader; however, this misunderstanding of perceiving cryptocurrency solely as a tool for trading and focusing on trading has several drawbacks. When blockchain projects are viewed solely from this limited perspective, government policies shift from developing technology, blockchain applications, and their economic values towards speculation, resulting in something like the “Capital Gains Tax” proposal currently under review in Parliament. The obvious criticisms and serious dangers of this regulation have been examined in this issue.
In this issue, we have also addressed the plans of institutions like the “World Economic Forum” or WEF to divert or control cryptocurrencies; and observe how the financial dominance system struggles to maintain its monopolistic structure.
Most importantly, in this issue, we explained what China’s game with cryptocurrencies is and how China is advancing this complex game.
In Iran, a significant part of our laws and legal practices is based on Sharia and jurisprudence; therefore, we have addressed the fundamental issue of “the value of cryptocurrencies” by explaining various jurisprudential opinions. However, we still need more effort and understanding in this area, and I hope that experts and professors who are well-versed in jurisprudential and legal discussions will contribute to clarifying the legal ambiguities surrounding digital assets in future issues.
One of the most interesting achievements of blockchain and decentralized philosophy is the emergence of DAOs or decentralized autonomous organizations. Their introduction is covered in this issue, and we will continue to write about these pioneering and emerging companies.
The feedback we received from our audience after the release of the first issue was very exciting and promising. From the beginning, the editorial team’s effort has been to address topics related to cryptocurrencies that have received less attention and for which high-quality content is not readily available. We believe that governance is the biggest challenge for blockchain and cryptocurrencies, and in this regard, the approval, critique, and support from the audience indicate that the “Blockchain Journal” is on the right path.
The last point is that the cover design of this monthly magazine received a lot of positive feedback. In the pre-production phase of the magazine, and as a symbolic move in line with technology, we decided to design the cover for each issue using artificial intelligence based on our content. The tool used for the previous issue and this one has been Leonardo AI.
Let’s stay together until another number.
