Express

Live: Congress vs. Facebook's Libra, Nonprofit

Sofia Cabrera

Summary: Congressman Williams asked, “Can you do into greater detail on how you reconcile the associate being a nonprofit, yet you will pay dividends to the investors? ” Marcus answers saying, “the association is a nonprofit membership-based association under the laws of Switzerland, that are slightly different. But that being and a goal for the association ...

Congressman Williams asked, “Can you do into greater detail on how you reconcile the associate being a nonprofit, yet you will pay dividends to the investors? ” Marcus answers saying, “the association is a nonprofit membership-based association under the laws of Switzerland, that are slightly different. But that being and a goal for the association is not to generate a profit but if it has to payout income streams it will pay taxes on those income streams as covered by the Swiss law.” 

Author: Sofia Cabrera

Last Update:

Tags: ,,,,,
Link: Live: Congress vs. Facebook's Libra, Nonprofit   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 7 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago

    • You need to login to comment.