Exclusive interview with David Hedqvist – ECJ proceedings on VAT for Bitcoin

In an exclusive interview with David Hedqvist from Bitcoin.se we see an emerging EU-wide picture for VAT and regulation for Bitcoin. Yesterday David Hedqvist had a preliminary hearing with the ECJ on the application...

SEC fines Sand Hill exchange over breaches

  On the 17th June, the Securities and Exchange Commission (SEC) fined Sand Hill Exchange $20,000 for illegally offering security-based swaps. According to the SEC, Sand Hill was: “offering and selling security-based swaps contracts to retail investors...

BTC is now VAT exempt in Switzerland

  The Bitcoin Association of Switzerland announced that the Swiss Tax Administration has now exempted BTC from VAT which means that purchasing and selling BTC will be VAT exempt. This comes as a result of...

Regulatory Update – VAT on BTC in Switzerland

  In this week's update we discuss: - VAT on BTC in Switzerland For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at http://bitlegal.io/

Regulatory Update – NY BitLicense and BTC in Russia

  In this week's update we discuss: - NY BitLicense - Russia's stance on BTC and BTC websites - See article here For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at...

Update on Russia – new law on Bitcoin forthcoming

  In January 2015, Russia’s Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor) blocked 7 websites on the basis that it they contained Bitcoin information. At the time, Roskomnadzor used its powers under the 2012...

North Carolina passes Bill that amend “Money Transmitters Act” (2001-443, s. 2.) to...

On the 12th May the North Carolina House of Representatives passed a bill (the Bill) to amend  the Money Transmitter Act (the MTA) . The Bill expands the MTA  to cover digital currency based...

Licensing of digital currency businesses – Update – California

  On the 27th April 2015 the California Committee on Banking and Finance approved the AB-1326 bill which regulates decentralised digital currencies such as Bitcoin. The legislation is pending further approval by the California State floor....

Regulatory Update – Sweden & BTC mining, EuroBA, North Carolina & BTC

In this week's update we discuss: - Sweden and the new guidelines on income tax and BTC mining - See article here - EuroBA's report highlighting opportunities using blockchain technology - North Carolina's new amendments on...

Clarification of tax position for mining – Sweden

Disclaimer: Before applying these rules to your own circumstances or act upon the information contained here, please seek information from your accountant, tax advisor, legal representative or the Swedish Tax Authority. The Swedish Tax Authority...