Posts Tagged ‘bitcoin’

Hungary’s First Bitcoin ATM Started Operation yesterday

by Forex Rooton August 26, 2014 9:59 am BST
Hungary gets a bitcoin cash machine as the virtual currency craze reaches Budapest when Hungary’s first Bitcoin ATM started operation yesterday at the Anker Klub on Anker köz in the heart of Budapest, the machine’s owner announced. Users can deposit forint bills in the machine and receive Bitcoins, the digital currency that is gaining traction […]

Legal Tests on Bitcoin’s Tax-Free Transactions

by Forex Rooton August 2, 2014 2:47 pm BST
Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies. The EU Court of Justice must decide whether transactions between virtual and traditional currencies can be classed as a service under EU value-added tax rules, and if so, whether such […]

Danish Bourse to Become World’s First to Offer EURNXT & USDNXT

by Forex Rooton July 18, 2014 10:36 am BST
Danish’s virtual currency bourse setting Bitcoin dominance on a challenge after its announcement that it will become the world’s first party to offer its clients to swap USD and EUR against NXT. This step is fourth-largest crypto-payment form which until now has only been traded via bitcoin. Bitcoin, in which CCEDK also offers trading, has […]

The IRS Wants a Bit of the Bitcoin Pie

by Christopher Lemieuxon March 26, 2014 3:58 am BST
Bitcoin was first gained allure as a crypto-currency that was out of reach of governments and central banks. However, the IS Internal Revenue Service (IRS) wants part of the bitcoin pies after a a near 50-fold appreciation. The US government is looking to treat bitcoin as property for tax purposes while applying rules used for […]