Belgium’s Federal Public Service Finance (FPS) has issued a new statement finding that domestic digital currency transactions are currently not subject to value-added tax (VAT). The ruling from the tax body was revealed in an email to local digital exchange Belgacoin, which was concerned it would need to pay VAT on digital currency trades. An…
Though it is increasingly acknowledged by major business, investors and governments that bitcoin has the power to enable potentially world-changing financial innovations, fundamental issues are still holding back adoption. One of the most prominent, around the world, is the lack of consumer understanding of the subject. For all its development, it remains difficult to explain…
Many of those at Geeks on a Beach, a recent tech event in the Philippines, agreed that, two years ago, there was nothing here in terms of a startup ecosystem. Today, it’s pretty clear there are several scenes: Cebu and Manila, to name the two biggest, as well as a comprehensive and very well connected…
The big news from Crypto Valley Summit’s closing day was that the Isle of Man is currently considering whether to allow residents the ability to pay their government bills, including income and other taxes, with bitcoin. The announcement was made during the event’s closing speech by Chris Corlett, chief executive of the government’s Department of…
Crypto Valley Summit, a two-day conference aimed at launching the Isle of Man as a prime location for bitcoin businesses, kicked off today in the wake of news that threatened to undermine its central goal. Just one day before the conference of more than 200 attendees began, a firm providing banking facilities to bitcoin businesses…
Mega Chill has become the first medical marijuana dispensary in Canada to accept bitcoin. Since the formal announcement this September, Mega Chill has seen an overwhelmingly positive response from the community, both from patients familiar with bitcoin and customers who had never heard of the digital currency. The relationship between bitcoin and the marijuana industry…
