Bitcoin is not a currency, Bitcoin is a people's movement
Tech In Asia takes a look at how Bitcoin is treated in a few Asian countries. Bitcoin, a peer-to-peer virtual form of money created back in 2009, first caught our attention back in 2011 when Ruxum launched its Bitcoin exchange in Asia.But Bitcoin hype only reached fever pitch in the latter half of 2013 when […]
Read MoreSingapore-registered companies who buy and sell bitcoins or exchange the digital currency for other goods and services must pay taxes for these transactions, says the Inland Revenue Authority of Singapore (IRAS), Singapore’s tax authority. The government’s stance towards the volatile cryptocurrency, which once again soared above $1,000 in price, echoes countries like Germany, Norway, and […]
Read MoreBut Taobao’s impending ban is puzzling. While China’s Central Bank has decreed that Bitcoin and any other virtual currency cannot be used as a currency (ie: for buying and selling stuff), people may still trade it and invest in it as a commodity. In theory, that makes it fine to trade online, and perfectly legal […]
Read MoreOn Monday, Unocoin announced it would resume trading today, and Bitcoin enthusiasts breathed a heavy sigh of relief. Unocoin’s return signals a cautious all-clear for other exchanges to perhaps follow. In the global market, many expected India to fill the void that China left when the central break cut off exchanges from financial and payment […]
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