Bitcoin's Future in Europe Hangs in the Balance

Bitcoin's Future in Europe Hangs in the Balance

CTIF_Blurred. Bitcoin needs legal certainty. Bitcoin's fate in Europe is uncertain. The Wild Wild West days of Bitcoin are coming to an end in Europe. Regulation and taxes are looming and this is not necessarily a bad thing. Here's the catch: Some European countries have not yet decided what to do at a national level, let alone at an EU level. Entrepreneurs and private individuals are left in the dark be it for complying with the law when setting up a business or filing their tax forms. Finland and Norway want to treat Bitcoin as an asset with capital gain tax. Denmark's watchdog....


Related News

3 Reasons Ethereum’s Future Hangs in Balance Over EIP 1559 Reform

If there’s one thing this summer’s DeFi boom taught us, it’s that the Ethereum gas fee structure needs reform. Although things have calmed down since the summer, rip off fees, and stuck transactions are still a problem for Ethereum users. So much so, a failure to address the problem will only give rival blockchains an […]

Altcoins Reach Pivotal Crossroads, Fate Of Crypto Hangs In The Balance

Altcoins, after three years of a bear market, are lagging far behind Bitcoin in terms of overall recovery. Ethereum, XRP, and several others are still more than 50% away or more from their all-time highs, while Bitcoin inches closer to revisiting its. Bitcoin is undeniably bullish, but altcoins are currently showing indecision in more ways […]

Binance Unlikely To Go Through With FTX Purchase After Reviewing Company Books

The Binance-FTX drama continues as the deal between the parties hangs by a thread. Yesterday, FTX announced a deal with its competitor to surrender its assets amid a “liquidity crunch.” The crypto exchange has billions of dollars in losses on its balance sheet.  Related Reading: Coinbase Drops 10% On Binance-FTX Contagion, Says No Exposure To […]

Why Europe is not the Future of Bitcoin Yet

Last week, one of the most interesting topics of debate in the Bitcoin community was how the future of this disruptive virtual currency allegedly lies in Europe. While Europe has several things going for it as far as Bitcoin is concerned, there is no real reason why this part of the world favors Bitcoin more than anywhere else. In fact, there is a severe....

EDCAB will Ensure Fair Bitcoin and Blockchain Regulation in Europe

The creation of EDCAB signals industry’s commitment to work with policymakers over the long term to achieve positive outcomes for the sector and the European citizens it serves. There is no denying European policymakers are keeping a very close eye on the blockchain ecosystem. So much even that a new trade body has been established, which goes by the name of EDCAB. Exciting times are ahead for blockchain innovation in Europe, assuming policymakers can keep up with the trends. Although digital currency and blockchain technology have gone entirely unregulated for quite some in Europe, things....