UK Treasury Officials Reportedly Studying How to Tax Bitcoin Trades
Officials at HM Treasury are reportedly studying how to tax bitcoin trades, it is being reported. The kick in the rear comes from Karl McCartney, member of parliament, who asked what the country is doing in terms of financial regulation of the emerging would of digital currency. McCartney feels officials are being too slow to address regulatory concerns. David Guake, Treasury Minister, confirmed that discussions regarding the taxation of bitcoin trades are ongoing with "stakeholders", with the possibility that a VAT will be applicable on all bitcoin trades. Such a tax could be in the....
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