Good News: No VAT On Bitcoin In Switzerland
Bitcoin users do not have to pay value added tax (VAT) on bitcoin in Switzerland. The Swiss Tax Administration (ESTV) has announced there will be no VAT on bitcoin transactions, according to Bitcoin Association Switzerland. The news brings hope not only to bitcoin users in Switzerland, but worldwide. Switzerland has a global reputation for financial security. Bitcoin supporters want governments to view bitcoin as a method of payment, not as a delivery of goods or a service subject to a VAT. Bitcoin supporters have noted that it will be difficult for bitcoin to become an accepted currency....
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The Swiss Federal Tax Administration (ESTV) has a great announcement for the cryptocurrency community. Recognizing that Bitcoin is a currency used to purchase items, the administration has decided that no VAT will be applied to Bitcoin in Switzerland. "This is excellent news!" CEO of Bitcoin Suisse AG, Niklas Nikolajsen said, "This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business." Luzius Meisser, President of Bitcoin Association Switzerland, states: "This is the most reasonable way to classify Bitcoins in the....
Take out your smartphones and get those palms warmed up for a scanning, because it's time for CoinDesk's weekly bitcoin ATM roundup. In the world of bitcoin ATMs, there are more first prizes than a kindergarten sports day, as installers claim blue ribbons such as first bitcoin ATM in their region, first two-way bitcoin ATM, first bitcoin ATM open to the public, first permanent unit and so on. Nonetheless, all bitcoin ATM news is good news, as it can be argued that it gets more coins into more hands, and everyone wins in the end. London, UK. We start in CoinDesk's hometown of London this....
Great news for those wishing to use their Bitcoin powers for good rather than evil. Both Sweden and Switzerland are seeking Cybercrime/Crypto-Investigators. Sweden? Switzerland? Sw-eet! But before you start packing, let me fill you in on some more details. The Swedish job, based in Stockholm, is for the National Cybercrime Centre. Part of the Swedish Police Authority, you will be at the sharp end, relentlessly hunting down high-tech criminals… from the safety of your computer terminal. The Swiss job, by contrast, is for the Prosecutors Office. Based in Zurich you will relentlessly pursue....
Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and […]
Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services Gazprombank (Switzerland) Ltd. announced Thursday that it has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency services. The Zurich-based bank is wholly owned by Russian Gazprombank. The parent company is the third-largest bank in Russia....