Bitcoin Vouchers - Initiation to the Digital Currency
How do we get Bitcoin? That's one of the common questions asked by newbie and wannabe bitcoin users. As most of us already know, we can either mine for bitcoin (provided you have a powerful rig and free electricity) or you can buy or trade virtual currency for it. Most people exchange fiat currency for bitcoin using bitcoin exchanges. In order to buy bitcoin from an exchange, we have to create an account first, then you might have to submit few documents to verify your identity and address as per their regulations (if any). It is followed by adding payment information used to pay for the....
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Popular Bitcoin service BitIt has introduced a new feature that will let users in various countries purchase digital currency in over 100,000 local stores. Not only will this new feature make it easier to give and receive Bitcoin in general, but it also creates opportunities to obtain digital currency gift vouchers for friends and family members. Buying Bitcoin over the counter is becoming incredibly easy thanks to these Neosurf vouchers. Buying Bitcoin With Neosurf Vouchers. Enabling Bitcoin sales over the counter is possible through a variety of payment methods, yet Neosurf seems to be....
Given the vast amount of issues BTC China has been having with third-party money transmitters, the company is looking to find alternate means of getting money into the exchange. Enter Paipai.com. It looks like BTC China has taken to this online auction house to sell none other than vouchers to their exchange, thereby getting around the rules that prevent individuals from funding their accounts through payment companies. The listings can be found here, and come in denominations from ¥2000 ($330) to ¥50,000 ($8230). A number of these vouchers have already been sold, signaling that some of....
London, January 26, 2016. UK Bitcoin service provider SpectroCoin.com this month launched a new feature on its platform to allow clients to purchase Amazon vouchers with Bitcoin. Vouchers for Amazon.com, Amazon.co.uk, Amazon.de, Amazon.it, Amazon.fr and Amazon.es are available. “After the introduction of Amazon.co.uk vouchers back in November 2015 we have seen a significant interest from our clients in other countries to be able to purchase vouchers from different Amazon shops, therefore, we added up another 5 Amazon stores to serve European and US customers” says SpectroCoin.com....
HMRC has now published an official brief, outlining its position on the tax treatment of income derived from bitcoin-related activities. The UK's tax agency has reversed an earlier ruling that classified virtual currencies as gift vouchers, exempting digital currency trading from a 20% value added tax (VAT). HM Revenue and Customs (HMRC), the UK's customs and tax department, has classified virtual currencies as assets or private money, not as vouchers that required a tax on the value of the coins. Tom Robinson, co-founder of London-based digital currency storage specialist Elliptic and a....
The global charity organization, CARE, has created crypto-based vouchers that will be distributed to women and select groups in Africa and Latin America. According to CARE, these vouchers will be redeemable for goods, services or cash and linked to the needs of recipients. However, in its statement announcing the launch of the pilot phase, the NGO reveals only groups in Kenya and Ecuador are set to participate. In Kenya, the vouchers will go to the “village savings and loans associations that are coping with the economic impact of COVID-19.” In Ecuador, the crypto vouchers....