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it was revealed that the IMF is looking into the idea of turning their Special Drawing Rights (SDR) into some form of Blockchain Cryptocurrency. "Regulators warn against using bitcoins". " (Taiwan is not crazy about Bitcoin. "Arun Jaitley has just killed India's cryptocurrency party". International Finance Centre Development Agency. Of course, the ones that succeed could make millionaires out of many and trading in and out of them based purely on market momentum can be very profitable. "Russian Tax Office Updates Legal Stance On Bitcoin ". 2 :Malta In 2017, the country s prime minister Joseph Muscat announced the approval of a national bitcoin revista strategy to promote bitcoin and blockchain technology. 47 Ecuador Illegal The Ecuadorian government has issued a ban on bitcoin and other digital currencies.
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Country where tax the bitcoin in europe
Greece Legal No specific legislation on bitcoins exists in Greece. Although not considered to be an official form of currency, earnings are subject to tax law. Bitcoin itself has already added over 120 billion in free money without affecting a single balance sheet. But over the past year, the number of transactions occurring in each one of these blocks has grown tremendously. References edit Assessing the Differences in Bitcoin Other Cryptocurrency Legality Across National Jurisdictions Information Systems Economics eJournal. Youve heard of Blockchain, Bitcoin and all of the cryptocurrencies and Initial Coin Offerings (ICO) taking the world by storm. 125 The State Bank of Vietnam has declared that the issuance, supply and use of bitcoin and other similar virtual currency is illegal as a mean of payment and subject to punishment ranging from 150 million to 200 million VND, 126 but the government doesn't. Traders must therefore identify the buyer when establishing business relationship or if the buyer acquires more than 1,000 euros of the currency in a month. Chao Deng; Lingling Wei. 40 41 2 :Jamaica Trinidad and Tobago Legal 42 43 South America edit Country or territory Legality Argentina Legal Bitcoins may be considered money, but not legal currency. "Crypto Trading Without License Is 'Illegal Cambodian Regulators Say".
68 Ministry of Information and Communications Technology of Iran has launched a project to develop a national cryptocurrency. Retrieved " Tax treatment of activities involving Bitcoin and other similar cryptocurrencies". It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. 3 4 According to judges, the tax shouldnt be charged because bitcoins should be treated as a means of payment.