WHY ACCEPT CIRCLES (CRC) IN YOUR BUSINESS?

SHARED WALLETS
A TRUST SYSTEM FOR GROUPS AND BUSINESSES

A shared wallet is a wallet that you can open for any group or organization that you're part of. Every person who has a validated trusted accounted in Circles can create a shared wallet and add people to it. Shared wallets do not issue a basic income.

WHAT DOES IT MEAN TO YOUR TAXING
AND BOOK KEEPING?

If you are a business, or you accept Circles for some kind of goods or services, you should pay taxes in euros just like you would for any other kind of income: bitcoin, euros, dollar, etc. Taxation is relative to your jurisdiction and must be handled accordingly.

We do not offer tax advice, and recommend that you speak with an expert from your area. But we provide you with a sample of tax assessments of concrete economic consumptions of Circles, based on German laws.

THE ROLE OF THE CIRCLES
COOPERATIVE

The Circles Coop e.G. was established in October 2020. The Coop was created by the people who were active both in the programming part of the Circles pluriverse and in the organising of the Berlin basic income pilot.

The Circles Coop works in a strong alliance with the Bitspossed Collective, which constituted itself after the Circles protocol was launched. They build, maintain and take care of the Circles technology.