CoinJar Relocates to United Kingdom, Partly in Protest of ATO Guidance
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....
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CoinJar officially announced that they had incorporated as a UK company and would be relocating. Although their company will move, a strong presence will remain in Melbourne. This group will focus on continuing Bitcoin education, setting up meetup groups and interacting with customers. The UK has exempted digital currency trading from value added tax (VAT). CoinJar relocates and cites the alleviation of Australia's 10% Goods and Services Tax (GST) as the catalyst for change. This announcement coincides with CoinJar's online wallet revamp. CoinJar offers services to manage online finances.....
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....
Australian bitcoin services company CoinJar has opened up its debit card service CoinJar Swipe to the general public. The cards allow users to spend from their bitcoin accounts at over 820,000 retail terminals nationwide, as well as withdraw cash from bank ATMs. Notably, the new system means there is no waiting for banks to clear fund transfers from CoinJar exchange accounts. CoinJar announced the launch at the Payment Innovations 2015 conference in Sydney today. The Swipe system had been an invite-only trial since September, with about 61 users spending AU$30,000 in that period. The....
Historically, Apple and cryptocurrency have had a contentious relationship, largely because Apple refused to allow the development of any iPhone apps that enabled the transmission of cryptocurrency. However, Apple recently revised their app development guidelines, which gave iPhone owners hope that they would once again be able to download popular mobile wallets like Coinbase and Blockchain. Though only Apple only just announced the guideline changes, developers are already resubmitting their mobile wallets to Apple for approval. The first mobile wallet to appear on the App Store belongs....
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....