Cryptocurrencies interest is growing every day as well as a number of. Bitcoin-friendly country. Bitcoin currency is the cryptocurrency most famous and widely. Years of price of Bitcoins behave different. Today one of the virtual coins cost around $2,642.7, but value added hours on the hour.
Bitcoin's extraordinary money. Of course, there are common features, cryptocurrency with the Fiat currency. They are both using the payment method. Can I transfer or Exchange, but is a decentralized peer-to-peer Bitcoin and this means that the Central Bank is not? The Government and other government departments can control or be able to buy and sell currency issuance Bitcoin posted.
Bitcoin payments system is entirely dependent on computer technology. The release occurred only in digital format. Anyone can get a cryptocurrency for this process is called mining.
About currency Bitcoin
Bitcoin is the first cryptocurrency created by Satoshi Nakamoto mystery believes that this is a pseudonym of the author, rather than. One of the Bitcoin now No one has been able to reveal the real name of the author. An attempt to uncover the true identity behind the characters. But none of them leads to success.
Did you know that Bitcoin is divided into Satoshi – the smallest unit of currency, bitcoin?
November 2551, Nakamoto Publisher article "electronic cash system Bitcoin: peer-to-peer", Bitcoin system described in Those who study the behavior of the Bitcoin should read after it published a paper launches the first version of Nakamoto wallet. Bitcoin Bitcoin network and
Satoshi Nakamoto, in 2010, move to other things, and is not heard of since then.
For the first time with the use of the Bitcoin occurs in the month of programmers may 2553 Florida Laszlo Hanyecz decides to prove that the dissolution of the. Cryptocurrency he gave 10 000 participants, Bitcoin discussion forums, virtual coins in Exchange for one of the guns. The rapid growth of the Bitcoin do lunch, the most expensive in history. If the pizza time BTC Hanyecz 10 000 today will be worth more than 20 million. Celebrating 7 years anniversary of the day on May 22 pizza Bitcoin 2560.
Online stores and services gradually began to get. Cryptocurrency a payment after it has been growing with the popularity of bitcoins as coins radar while an ATM automatic 1229 (ATM) United States Canada and the United Kingdom country friendly Bitcoin is largest in terms of the bitcoin install ATM.
In addition, there are other cryptocurrencies, such as Litecoin, Bitcoin Peercoin, Namecoin ripple Nxt.
Bitcoin's status in various countries.
The laws of the State of the country offices that Bitcoins vary Japan Bitcoin is a legal payment method in Germany, it is treated as a unit of account, so it's a tax, while in the country, Thailand Bitcoin is prohibited.
Consider the friendly countries to accept Bitcoin and safe to use.
Bitcoin in United States currency.
Bitcoin is legal and controlled in the United States. Additionally, the United States has the highest number of Bitcoin Atm in the world.
The financial crimes enforcement network. In the United States (FinCEN), the seal is a virtual currency converter Bitcoin organized distribution center in. 2013 Bitcoin that users must adhere to certain responsibilities such as reporting. Registration and record keeping
September 2015 advance commercial commodity Board of CFTC know Bitcoins is a type of item. A few months previously. Internal Revenue Service IRS has a property that can hold that Bitcoins taxation. In this case, the currency is considered a valuable asset Bitcoin like gold, which are absolute values.
After the publication of advice, the New York Stock Exchange NYSE index (NYXBT) announced the Bitcoin it became the market's first official. cryptocurrency
United States is a country whose Government has been working to prevent. Or reduce the use of illicit cryptocurrency purpose either.
Bitcoin currency in Canada
Bitcoin is not money in Canada, however that does not mean that Canada does not recognize the Bitcoin.
Writing in a formal command from the Department of Finance Canada to. Wall Street Journal: "Canada only banknotes and coins as money in Canada. Bitcoin digital currency is not money in Canada, "after announcing Canada continues to monitor a virtual currency that is associated with the development.
The first ATM is installed in the Bitcoin Vancouver, Canada by Robocoin October 2556 converter Bitcoins dollars Canada and held-back together.
Canada Revenue Agency (CRA), the classification of digital currency as a commodity, which means that Bitcoin transactions are recognized as Exchange list.
Exchange transactions when you trade goods or services without the use of the currency legislation. For example, when you buy something with Bitcoin it is an Exchange transaction.
The income generated is considered as business profit. "When buying or selling such goods Bitcoins gain or loss that may occur to the revenue or funding for the taxpayer depends on the specific facts. According to the yarn.
There are also exchange in Canada, the language of the Bitcoin payments. (AML) and financial laws.
Bitcoin currency in Japan
Japan was positive towards the currency, as it is to accept Bitcoin as payment methods to be legal. But the virtual currency is not classified as a currency. The finance unit is only yen. Profit from trading Bitcoin can be considered as "income from business activity", or miscellaneous income.
"The new law defines the Bitcoin and other currencies as a form of payment does not recognize the legal currency is also considered a Bitcoin unless there are improvements in the future, or the tax law of Japan instruction."
Today, there are approximately 5 000 online shops accept bitcoin payment methods using the cryptocurrencies become attractive for foreign activities. Many beauty salons Fast food, etc.
Bitcoin currency in Australia
Australia authorities allow trading. Mining Australia taxation Office or purchase a Bitcoin by (ATO), transaction, Exchange, Bitcoin people and pay taxes for the user of digital currency bear GST in two: when you purchase digital currency exchange and other goods.
"The bet is similar to Exchange bitcoins management. With similar effects. "
However, Australia has confirmed that it will end the tax from July 1 July 2017 Bitcoin, Bitcoin is considered a cash purchase and GST of digital currency, will not be subject to tax. Users of Bitcoin is not taxed for buy and sell digital currency.
Bitcoin in European Union currency.
On the territory of the European Union, a Bitcoin payment method in the same way as traditional silver. In addition, Bitcoin transactions Exchange are exempt from value added tax), as well as other transactions of the ruling court of Justice of the European Union, according to this.
Right or wrong law: Bitcoin Status in Malaysia
Bitcoin is not recognized as a local Malaysia. The Central Bank does not control the operation of the. Bitcoin together with Central Bank of Malaysia Hotel Malaysia (BNM), recommends caution when using digital currency risk.
Therefore, each State has its own cryptocurrency attitude that some people categorize the item and payment cryptocurrency by law. And has released documents that show that go into the. Bitcoin has no other legal frameworks and cryptocurrency non-legal or illegal in some countries immediately banned it.