CoinJar: New ATO Guidance Affecting Bitcoin Buying/Selling
Australia's leading bitcoin services company, CoinJar, published a blog post on Tuesday noting that a recent tax guidance from the Australian Tax Office (ATO) issued in August will impact the buying and selling of bitcoin on the service. According to the guidance, the supply of bitcoin is taxable for GST - the goods and services tax. What this means for consumers depends on the situation. Here's how CoinJar says it's all expected to play out: Buying bitcoin. As per the guidance, when buying bitcoin is Australia, the GST is applicable. Therefore, any price quoted to the buyer should include....
Related News
CoinJar, Australia's well-known digital currency services company, announced on Monday that they've relocated their company headquarters to London's financial district in a move that hopes to expand the company's operations beyond the land down under. In the announcement - made on the company's blog - CoinJar says they're official incorporated as a company from the United Kingdom (under the name CoinJar UK Limited), but they aren't forgetting about their client base back in Australia. CoinJar is maintaining a presence in Melbourne, "and will continue focusing on the things that have....
Melbourne, Australia-based bitcoin exchange CoinJar has announced a successful round of venture capitalist funding, effectively raising $500,000 AUD (this is about $455,500 USD) from several prominent investors in the tech-sphere. Investors include Niki Scevak from Blackbird Ventures, Guy King and Bevan Clark (founders of coupon website RetailMeNot), Torsten Hoffman, and Chris Hitchen. The company will be using the funding in order to improve their services and make bitcoin easier for ordinary individuals to buy and sell the digital currency. "Bitcoin is a game-changer, but the process of....
Melbourne, Australia-based startup CoinJar announced it will receive "Australia's first major bitcoin investment", signing a deal with local venture capital firm Blackbird Ventures to the tune of A$500,000 (US$455,000). The money will come from a group of individual investors with years of technology and startup experience. CoinJar, founded in February 2013 by local entrepreneurs Asher Tan and Ryan Zhou, is a bitcoin buy/sell exchange and online wallet service with a clean and simple interface that allows customers to link certain bank accounts for direct transfers in and out of the....
CoinJar has clarified that only the iOS version of its new app is available today. Anglo-Australian bitcoin exchange CoinJar has released a new mobile app, now called 'CoinJar Touch', saying new user-friendly features will speed up bitcoin payments and attract new users to digital currency. CoinJar's Samuel Tate said the new app is in response to user requests for transfer in and out of bitcoin on its exchange "on-the-go", and to manage their payments and contacts lists with greater ease. Users can send instantaneous payments to other CoinJar accounts by using Twitter-style user names....
Australian bitcoin exchange CoinJar has for a while had their wallet application up-for-grabs on Apple's iOS App Store. Interestingly so, because most of its competitors' apps with similar (if not the same) functionality had already been removed for violating Apple's money-transmitting policy. But not CoinJar, their resilient little app became the lone soldier on a battleground. But no longer, it appears. CoinJar today announced their application will be pulled from the iOS App Store by the end of this week. Apple reportedly gave CoinJar an ultimatum: remove the receive and transmitting....