Bitcoin Sales Are Currency Transactions, Russia's Tax Office Says
Russia's tax agency is encouraging its citizens to report the purchase or sale of digital currencies as currency transactions. In a tax letter obtained by CoinDesk dated this May, the Ministry of Finance's Federal Tax Service responded to an electronic query on the subject in which it issued new guidance. The statements come amid larger debates domestically about whether bitcoin and other digital currencies should be banned entirely or allowed for specific uses. The letter includes language describing how the agency treats the purchase and sale of digital currencies between Russia citizens....
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Bulgarian bitcoin exchange BTC-e has pulled support for the ruble, following a decision by the Russian Prosecutor's Office to ban bitcoin. A statement issued by Russia's General Prosecutor's Office said that it saw growing interest in the cryptocurrency, including from money launderers. "The official Russian currency is the ruble. The use of any other monetary instruments or surrogates is forbidden," it said, citing Russian Article 27 of Russia's Federal Law, regarding the Central Bank of Russia. The announcement is the clearest indication yet of its position regarding cryptocurrencies.....
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022.
NFT Sales Record a Slight Increase, Number of NFT Transactions Slides 19% Lower
While NFT sales are a lot lower than they were a few months ago, this past week with $85,068,480 in sales volume according to cryptoslam.io, NFT sales are up 1.9%. The top collection this week selling the most NFTs stemmed....
On April 23, 2014, Moscow will host Russia's first conference dedicated to the electronic cryptocurrency, Bitcoin - Bitcoin Conference Russia. The show will highlight the main aspects of digital currency usage, technical issues, and the future of Bitcoin as part of the global monetary system. Bitcoin Conference Russia could not be held at a better time as alternative currency is becoming increasingly popular in the world of payments, with the number of transactions breaking records on a daily basis: at the end of 2013, the price of Bitcoin hit a record high exceeding $993 per 1 digital....
The UK Home Office believes the government should consider creating its own digital currency that limits anonymity and increases the traceability of transactions. In a response to the Treasury's call for information on digital currency, the Home Office highlighted both the positives and negatives of existing digital currencies, such as bitcoin. The government department, which is responsible for immigration, counter-terrorism, police and drugs policy, recognised the low cost of transactions and increased speed of payments provided by digital currencies. However, the document, which was....
Bitpay CEO Tony Gallippi says rebranding and opening an Amsterdam office is just the tip of the iceberg. BitPay has more exciting plans for the future. Bitcoin payment provider Bitpay will be opening its European headquarters in Dutch capital Amsterdam. The office will handle sales, implementation and merchant support for all European customers. At this moment, Bitpay offers its services to 7,000 merchants all over Europe. By the end of 2014, the company has set a goal of acquiring and serving 30,000 merchants in the continent. New people. Opening a new office brings new career....