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ECJ rules Bitcoin and exchanges are VAT-exempt
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender.” The ECJ’s top legal advisors had already recommended the exemption, but [...]
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World Payments Report 2015
Non-cash payment volumes are expected to continue on a high growth trajectory in 2014, according to the World Payments Report 2015 from Capgemini and the Royal Bank of Scotland (RBS). They are projected to grow at a rate of 8.9% to reach a record high of 389.7 billion transactions,2 up from 2013’s 7.6% growth rate. Driven by a [...]
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More top banks pile into R3 Blockchain initiative
Just week after Nine of the largest investment banks, including Goldman Sachs, JPMorgan and Credit Suisse, thirteen more top banks, including HSBC and Deutsche Bank, havebacked the consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets. Nine other banks had already signed up to the initiative, which [...]
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Top 5 Bitcoin alternatives
Although Bitcoin is undoubtedly the most popular cryptocurrency, it is by no means the only one. In fact, the cryptocurrency arena is so rife that the other digital currencies have... more
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Top 5 Bitcoin alternatives
Although Bitcoin is undoubtedly the most popular cryptocurrency, it is by no means the only one. In fact, the cryptocurrency arena is so rife that the other digital currencies have their own name – Altcoins. The name, unsurprisingly, is derived from ‘Bitcoin alternative’ and therefore can be used to describe any cryptocurrency that is not [...]
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