Password currency markets last week, went after a relatively steady flow ttimyeo overall gangbohapse. Bitcoin has had climbed by about 14 percent the previous week, the ripple was up nearly 30% recorded the biggest rise of the top coin.
Whereas the situation is dramatically reduced transaction volume due to the recent price stabilization. Block record low last weekend, Bitcoin transactions within two years after March 2016, according to the amount of about 195,500 pieces Chain Information Field. This is half the level of 370,000 at the time of the end of last year hit a record Bitcoin is the best $ 20,000.
Gwancheukga markets have interpreted as showing one aspect breather ahead of the release of the guidelines, governments reveal the look forward in earnest, after a roller-coaster rally and repeated changes from April from March. The news clipping passes the main news last week two.
1) Circle, password, currency exchange Knicks acquired Polo
Circle (Circle) are the Polo Nix (Poloniex) is a US-based large cryptocurrency exchange arguments about 4,350 one hundred million won money that we announce the 26th Fortune magazine has. This news circles is expected to grow as a powerful conglomerate that provides Exchange, wallets, cryptocurrency various services such as pay-bit coin database or page.
Polo Knicks typical first-generation crypto Founded in January 2014 - has provided the meantime, services for the global users in over 100 countries (non-monetary exchange of legal tender only password as the key currency) crypto exchange. Once the former accounting for over 50% of the global volume and Polo Nix was ranked first in a long floating is a situation I pushed out of the top 14, while similar trading platform appeared, such as by Nance, a bit since last year, lex.
Founded in 2013 by Circle from large financial institutions, including Goldman Sachs attract investments totaling W150bn has emerged as "encryption pyegye Paypal. In order to expand the business into once commit financial services, "Bitcoin" and "block chain" of turning the existing entrance living deleted from the circle at the end of last year, its website has revealed the password to money markets will focus again.
Accordingly, it is also successively launch the existing P2P payment services, pay-circle (Circle Pay) by rebranding it to add a password to monetary payments Meanwhile, the coin-only OTC trading desk of 'Trade Circle (Circle Trade)'. According to Fortune Circle whether the trade is reaping such explosive growth in sales of 65 billion won ($ 60mln) to achieve the volume just launched two trillion won ($ 2bln) in one month and three months , we go out after a.
The acquisition Circle throws a full-fledged stock exchange business Chu Shi Biao. This year focusing on 'easy money invested app password, North Rhine-circle (Circle Invest)' to launch in the first half of the Knicks Polo combines Web-based transactions are expected to maximize the mutual scalability. In addition, the existing crypto - seems to be adding the court, including the crypto-based US dollar (USD), euro (EUR) currency pair to secure the liquidity and stability.
2) tax-exempt when used as Bitcoin Germany, payment method
Germany has stated that the government does not impose a tax to users with passwords currency as a payment method. According to the German Internal Revenue Service on Tuesday it announced a guideline "I said it would be considered as a case of Bitcoin uses a legitimate means of payment, that is equivalent to the legal form of currency.
The guidelines are to be based on a 'value added tax (VAT)' legal provisions enacted by the EU courts in 2015, is expected to provide a precedent for the future of Bitcoin taxation within the European Union member states. Germany's position is contrary to the position of the United States Internal Revenue Service (IRS) to treat Bitcoin subject to tax. If you pay for your coffee in the US Bitcoin, which is "regarded as a potential transfer target property sale income".
Whereas in Germany it is treated as if converted to Bitcoin for payment in legal tender "is equivalent to the legal form of payment does not arise because the immediate exchange gain occurred." In contrast, if the taxable transaction is subject, it should be proof of the profit generated by the difference between the seller when the transaction occurred at the time of the purchase price and Bitcoin prices as a "taxable japik".
The draft was also released guidelines for other industrial areas. If mine's not a taxable service is regarded as 'voluntary', as in the case of exchange operators buying and selling Bitcoin as a person who is a tax-exempt. However, the trading platform, ie exchange buying and selling services via the Web or app-based marketplace have said the tax exemption does not apply.
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