What the UK's Tax Reversal Means for Bitcoin
The regular drumbeat of government warnings on bitcoin continues apace. Last month, Israel, Vietnam and Cyprus joined the chorus. However, in addition to this din (not entirely unwarranted many would argue) one government body has begun to undo its earlier mistakes in the bitcoin space. The body in question is the UK's tax authority, HMRC, which this month effectively recognised bitcoin as a currency after months of lobbying by London's bitcoin community, led by members of the soon-to-launch UK Digital Currency Association. But will HMRC's decision turn the UK into a leading centre for new....
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