Bit Trust Launches Bitcoin Bank in Austria
BitTrust, a cryptocurrency startup has opened the first Bitcoin Bank in Austria. The Bitcoin community members in Austria now have a reason to rejoice. The country has recently received its first dedicated Bitcoin bank. The new Bitcoin Bank is a physical Bitcoin exchange center opened with the intention of making it easier for people in and around Vienna to buy and sell Bitcoin. The Bitcoin outlet is operated by Bit Trust, an Austrian blockchain startup. In addition to facilitating personal Bitcoin trade, the Bitcoin Bank also offers a variety of other cryptocurrency and blockchain linked....
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As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies.
Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto More Accessible
Claiming it aims for an equal treatment of investments in cryptocurrencies like bitcoin, the government in Vienna has announced it’s considering applying the same 27.5% levy to crypto assets it currently uses to tax....
A dedicated bitcoin bank, possibly the world’s first, has opened on Mariahilfer Strasse in downtown Vienna, Austria, according to The Local, an English-language Austrian news site. The bank is owned by a Berlin-based blockchain startup, Bit Trust Services, and it is named Bitcoin-Bank. The bank is designed to make buying and selling bitcoin easier and safer than other in-person options. The bank’s ATM machines exchange bitcoin for euro, and vice versa. The bank also provides information about the virtual currency. Magdalena Isbrandt, managing director of Bit Trust, told state broadcaster....
What is likely the world’s first dedicated Bitcoin bank has opened in the heart of the Austrian capital Vienna. Named simply ‘Bitcoin-Bank,’ the dedicated physical outlet is owned and managed by a local Blockchain startup Bit Trust. It is designed to make buying and selling Bitcoin easier and safer than other in-person options such as Localbitcoins meetings. “It’s just much quicker this way and involves zero middlemen,” Bit Trust manager Magdalena Isbrandt told local news network ORF. “Value and money can be sent straight from user to user.” As well as Bitcoin ATMs, customers can also get....
DBS Private Bank has launched a bank-backed trust to manage bitcoin for clients, the first such product in Asia.
Per a report from CNBC, digital bank N26 launched a crypto trading service for customers in Austria. The service is called N26 Crypto and will allow users to gain exposure to the price of Bitcoin (BTC) and Ethereum (ETH). Related Reading: Do Kwon: Why This Group Of 4,400 Crypto Investors Are Hunting Down The CEO […]