bitcoin trade

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India Considers 18% GST on Bitcoin Transactions

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The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry, has … Read more

‘We’re Going to Find You’ – How Undercover Agents Trade Prison Time for Bitcoins

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An Australian national living in Boulder, Colorado was slammed with a one year and a day prison sentence last month for trading bitcoins. An August 23 statement from the Colorado U.S. District Attorney’s Office states that Emilio Testa, 32, was charged with money laundering, and claims Testa knew the funds he was acquiring had been … Read more

Bitcoin in Brief Friday: Expanding Horizons in a Bearish Month

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With banks in Europe, America and Asia doing “everything to crush cryptocurrencies,” Binance CEO CZ says Africa can become a leader in their implementation. The major crypto exchange is thinking about opening an office in Uganda and we have covered the story in today’s Bitcoin in Brief. Also, online trade with cryptos spikes in Bahrain, … Read more

Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

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The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and … Read more

Bitcoin Gaining Ground in Zimbabwe with a New Crypto Exchange and an In-Office BTC/USD ATM

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Just a few weeks ago, the Zimbabwean cryptocurrency exchange Golix gained its first national competitor when Styx24 opened its doors online. Almost simultaneously Golix introduced a Bitcoin ATM to its customers, accessible inside their offices in central Harare. Also read: Bitcoin Adoption Continues to Thrive Within Africa’s Borders Need US Dollar Bills In Zimbabwe? Got … Read more

P2P Trade Spikes in Canada Amid Bank Restrictions on Crypto Transactions

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The volume of P2P bitcoin trade in Canadian dollars has increased significantly since leading banks in the country imposed bans on crypto-related transactions. Toronto-Dominion Bank, the Royal Bank of Canada, and more recently the Bank of Montreal have limited or prohibited the use of their services and products to acquire cryptocurrencies. As a result, the … Read more

New Local Crypto Street Exchange Shop Trades Bitcoin for Cash in Central Moscow

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A change bureau trading bitcoin has been opened in the Russian capital. According to local media, this is the only currency exchange in Moscow buying and selling cryptos for cash. Lawyers say nothing in the law prohibits this kind of service, and the business is legal.  Also read: Russians Owe 13% Tax on Their Crypto … Read more

Bitcoin Trade Drops in India Amid Uncertainty and Clampdown

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Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading … Read more