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Finland [181] Rather than a currency or a security, a bitcoin transaction is considered a private contract equivalent to a contract for difference for tax purposes. Purchases of goods with bitcoin or conversion of bitcoin into legal currency "realizes" the value and any increase in price will be taxable; however, losses are not tax-deductible.
One of the world's top three finance journals, Review of Financial Studies, devoted its May 2019 issue to the field of Fintech, Blockchain and Cryptocurrencies. One of these studies is the ...
In terms of total market value, Bitcoin is the largest cryptocurrency. [16] On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction.
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The Fatwa has been issued on the basis of the volatile nature of the crypto market as well as the absence of an underlying asset. ‘Fatwa’ Issued Against Bitcoin As Crypto gets Declared Haram ...
The People's Bank of China reiterated its tough stance on cryptos today, announcing on its website that all crypto-related activities are illegal. The announcement sent Bitcoin tumbling 5.5% at...
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity (person or persons). [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation.
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