Virtual

Virtual currency (bitcoin) exchanges for traditional currencies are VAT-exempt
bitcoinexchangenews.com

The Court of Justice of the European Unio (CJEU) ruled on October 22, 2015 in case C-264/14 that transactions to exchange bitcoins for traditional currencies, in the meaning of Council Directive 2006/112/EU (the “VAT Directive”), are tantamount to …

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Virtual Frenzies: Bitcoin and the Block Chain
bitcoinexchangenews.com

More recently, it turns out that most Bitcoin currency transactions are against China's yuan (see here). This leads us to suspect that its most popular current use is as a means for getting around government capital controls. (See also the news stories …

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Bitcoin Exchange: J.P Morgan, Barclays and BBVA To Adopt Virtual Technology
bitcoinexchangenews.com

Blockchain, the technology behind verifying transactions in cryptocurrencies such as Bitcoin, has received some major attention after nine major banks have decided to go into a partnership with R3, a financial technology (FinTech) firm, to further …

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History of Bitcoin: The journey of a virtual currency
bitcoinexchangenews.com

What started merely as an alternate electronic payment system soon became the seventh wonder of modern economy. But while most of us are following the ups and downs of the Bitcoin market, most of us probably don't know everything about its history.

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The VAT treatment of a virtual currency exchange: opinion Advocate General Kokott
bitcoinexchangenews.com

If you are interested in submitting an article to Lexology, please contact Andrew Teague at ateague@GlobeBMG.com. Related European Union articles · Are Bitcoin currency exchange services subject to VAT? The opinion of the Advocate General * …

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A bit of a change: Retailers banking on virtual money
bitcoinexchangenews.com

“The Bitcoin market would be a market that we wouldn't have otherwise,” he continued. “I had customers ask for it, and we simply went forward from there,” Ayyash said. Moussa Boussi, 17, has participated in Bitcoin transactions for more than a year …

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Virtual currency is finding global niches
bitcoinexchangenews.com

As a decentralized currency, there remains no bank or government regulation of Bitcoin currency. However, each Bitcoin unit is self-regulating through an electronic ledger system called “the block chain.” The block chain ledger records all transactions …

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Bitcoffee, first coffee shop to accept virtual currency in LatAm
bitcoinexchangenews.com

By Francisco Pescatori. Argentines and foreign tourists alike are patronizing Bitcoffee, a downtown Buenos Aires coffee shop that boasts of being the first business of its kind in Latin America to accept the virtual bitcoin currency. "This is a coffee …

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