New SEC Ruling to Support Bitcoin Startups?
The U. S. Securities and Exchange Commission (SEC) announced regulations allowing crowdfunding for newer and smaller companies, which could help support bitcoin startups. These could allow companies still struggling to raise capital to gain access to funds even from alternative sources. Prior to this regulation, companies could usually raise a significant amount of capital by issuing stock or securities to wealthy individuals only after undergoing a thorough and expensive registration process under the SEC. This has been a barrier to market entry for some, as not all startups have enough....
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The Court of Justice of the European Union received on 02.06.2014 the Preliminary Ruling of The Swedish Supreme Administrative Court ("Högsta förvaltningsdomstolen") on the interpretation of Article 135.1 of the Directive 2006/112/EC on VAT taxation on bitcoin. The number assigned to the case is C-264-14 (published in the Official Journal C 245 on 28.07.2014, p.7). The preliminary ruling was originated by an advance tax ruling submitted by David Hedqvist (moderator of Section Sweden of bitcointalk.org and founder of www.bitcoin.se), who intended to carry on a business through a switching....
Whenever a bit of bad news hits the Bitcoin community, there’s always at least one individual who pops up and claims that “this is actually good news.” In the case of the IRS ruling on Bitcoin, that lone individual is Chamath Palihapitiya. Chamath is a well-respected former Facebook executive who doesn’t hold back his excitement when it comes to the possibilities created by Bitcoin. When you combine all of the holdings of all the different investment vehicles controlled by Palihapitiya, you get just under 100,000 bitcoins. While there have actually been a few others who have simply stated....
Jared Marx is an attorney at Washington, DC law firm Harris, Wiltshire & Grannis. He advises companies about bitcoin-related regulatory law and represents companies and individuals in civil and criminal proceedings. Here, he discusses why a new securities ruling is a potential boon for 'crypto 2.0' and 'bitcoin 2.0' companies operating in the US. On Wednesday, the US Securities and Exchange Commission (SEC) adopted regulations permitting crowdfunding for business startups. The new rules give businesses in the blockchain ecosystem an avenue to get financial backing from the best-educated....
By opting into money that is built on proof of work, individuals are calling out the increasing ruling class plunder, vocally or silently.
The ATO today released its final ruling on taxation of digital currencies, with the majority of the draft version's important provisions still intact. Most importantly, goods and services tax (GST) will still be imposed on bitcoin exchanges, leading to double taxation if those bitcoins are then spent on goods or services. The Australian Tax Office (ATO), the government agency dedicated to revenue collection, has decided to delay its ruling on bitcoin, pleasing some individual taxpayers but creating uncertainty for businesses and investors. The ATO had since February promised a definitive....