30. 12 លហតុផលកន ុងការវ ិនិលោគលលើបាន Bitcoin
www.coinxtrading.com
10.Govt Regulations so far Positive:
This is a big question in everyone’s mind since for any country, its government’s regulation on digital
currencies could have an impact on use of that currency in the respective country. So far Bitcoins are
getting positive response in US and European Countries.
In US International Revenue Service is considering Bitcoins as Property for tax purposes. Commodities
Future Trading Commission is considering Bitcoins as a Commodity. There are already so many Bitcoin
exchanges like Coinbase, BitPay, Xapo and Circle which are running smoothly and people are having no
problems in transacting with Bitcoins. Several ATMs have also opened in US facilitating conversion of
Bitcoins into USD and vice versa.
Similarly in Europe, there are so many Exchanges in different countries, most important of which is
Bitstamp, which recently got permission to trade across Europe. Besides Europeans had a reason so
far as Bitcoin is exempted from VAT (Value Added Tax). France Govt is considering to declare Bitcoin as
a currency. If they do so, then income from Bitcoin will be taxable but then Bitcoin will have full fledge
currency recognition.
In Australia, Govt considers Bitcoin as a property. As such all purchases made from Bitcoins are
considered to be Barter. The Govt has also released tax guidelines for individuals and businesses using
Bitcoins.
In many countries like China, Financial institutions and banks are banned from trading in Bitcoin.
However private parties can trade in Bitcoin.
In India, Govt is still observing. Reserve Bank of India is not regulating Bitcoins. Income through sale of
bitcoins comes under capital gains. Govt doesn’t allow payments to come from overseas in Bitcoins.