CoinJar Relocates to UK to Escape Australian Taxes
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.....
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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....
Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to hield customers from bitcoin's volatility. The new accounts, which CoinJar is calling Hedged Accounts, will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro. Asher Tan, CoinJar's CEO, explained that the new option would benefit those who would like to start using bitcoin for practical purposes, but do not want to
Australian bitcoin exchange and payment processor CoinJar has announced it is relocating its headquarters to the UK as of today. The company's move has been rumored for some time, especially after the Australian Tax Office (ATO) announced in August that bitcoin trades involving Australia-based exchanges would be subject to the 10% Goods and Services Tax (GST). In a statement posted online, CoinJar described the move as "part of a global expansion that will will provide customers more freedom to buy, sell and use bitcoin as a global digital currency, adding: "Aside from catalysing CoinJar's....
CoinJar Card will be made available through digital and physical cards and currently supports fiat-like transactions for 30 cryptocurrencies. Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In the latest partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly launched CoinJar Card will allow users to make purchases in crypto, “wherever Mastercard is accepted.”The CoinJar Card will be made available for....
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....