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...

Legal precedent of P2P Bitcoin loans set in Kentucky, USA

  A legal precedent was set on the 5th June when a circuit judge in Kentucky ruled that P2P loans taken out in Bitcoin have a legal basis to be repaid. The case arose when...

Vietnam – Warning Against Use of Digital Currencies

Vietnam warning consumers about digital currencies. Article covered by CCN and original press release in Vietnamese here.

Regulatory Update – Amendments to California AB-1326 and Jersey Call for Information

  In this week's update we discuss: - Amendments to the California AB-1326 - Jersey Govt. Call for Information For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at http://bitlegal.io/

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...

Nigerian Central Bank official suggests virtual currency regulation

Following on from the most recent FATF Recommendations on digital currency regulation (see article here), the Deputy Governor of the Financial System Stability Working Group, Dr. Okwu Nnanna stated that steps should be taken...

No retrospective effect tax treatment of digital currencies – UK

HMRC Guidance Note of March 2014 on the taxation of digital currencies in the UK states: "Given this, the evolutionary nature of these cryptocurrencies and the legal and regulatory environments in which they currently operate, this...

Jurisdiction and digital currency businesses

For the most part, digital currencies are by their very nature decentralised; meaning that they are not tied to a specific country unlike the British Pound or the US Dollar. However, this does not...

Australian Senate Committee Report on Digital Currencies

The Australian Senate Economics Reference Committee released a report discussing various aspects of digital currencies (DC). The report gave a broad overview of digital currencies, opportunities and risks, tax treatment under Australian law, regulatory...

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...