ECJ General Advocate states that Bitcoin should be VAT exempt

Today, General Advocate Juliane Kokott stated in her Opinion to the ECJ regarding the Hedqvist v Skatteverket case that Bitcoin and digital currencies should not be subject to VAT. The provision of an exchange service...

European Court of Justice rules that Bitcoin is VAT exempt.

Following the appeal of David Hedqvist against the decision of the Swedish Tax Authority (Skatterverket) to tax Bitcoin transactions, the European Court of Justice (ECJ) have ruled that such transactions should be; "exempt from VAT...

Legal anatomy of a DAO

None of the below should be construed as legal advice as this a highly risky untried area of law. In the below we are just giving examples regarding UK law as illustrations; there are...

From P2P insurance platforms to smart insurance contracts – a regulatory perspective.

P2P insuretech platforms are P2P Mutuals with or without re-insurance. In this article we explore how these platforms are currently being regulated at a high level. We also explore the notion of disintermediation of insuretech platforms themselves...

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/

Interview with Linus Lindgren – BTCXIndia

Bitlegal and Allcoinsnews sat down with Linus Lindgren from BTCXIndia (the first cryptocurrency exchange in India) to talk about the challenges and opportunities of cryptocurrencies and blockchain tech in a country of over a...

The Government of South Korea has announced a 5 trillion won ($4.4 billion) investment...

On August 13, the Ministry of Economy and Finance released information on Korea’s ‘Growth through Innovation’ investment plan for 2019. The plan involves focusing on 8 sectors including; future cars, drone services, new energies,...

NY Bitlicense definitive framework [pt.3]

  Capital Requirements The Superintendent determines the amount and form of capital a Licensee must maintain at all times to “ensure the financial integrity of the Licensee and its ongoing operations.” The Licensee’s finances and market positioning strongly...

“The Times They Are A Changin’” – tax enforcement against cryptoexchanges is the new...

The United States Internal Revenue Service (IRS) has requested details on Coinbase’s users to identify any tax violations. This action seems to have arisen as a result of US Treasury reprimanding the IRS for not...