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Japan to Tax Bitcoin Transactions After Tokyo-based Bitcoin exchange MtGox failed to protect itself and its customers, Japan is considering ways to tax Bitcoin transactions. The Yomiuri Shimbun, a Japanese newspaper, said that the national tax agency and the finance ministry are...

Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has said that MtGox’s demise will strengthen Bitcoin in the end. Lawsky has also proposed BitLicense, a method of regulating Bitcoin companies. Lawsky told Reuters, “It’s on the one...

No Bitcoin Tax on Trades The HM Revenue & Customs in Britain said it will not enforce a 20% value-added tax on bitcoin transactions. The Financial Times reported that in a meeting with UK bitcoin traders, the HMRC tax collection agency said it would put an end to the VAT....

World’s First Physical Bitcoin Store The first ever physical bitcoin store is open for business in Hong Kong. The Chinese retail shop opened its doors on February 28th of this year, and allows for the sale of the digital currency. Located in the western district of Sai Ying...

eBay Bitcoin Scam An eBay user was conned out of his bitcoins worth £5,300. eBayer Will Phillips fell victim to a scam which involved hacked PayPal accounts and bitcoins. Phillips says he is being chased for the money he owes. Last fall, Phillips became attracted to bitcoin, as...

Chinese Bitcoin market confidence has been struck with a massive blow after Japanese bitcoin exchange MtGox acknowledged that it will file for bankruptcy. This has lead to many Chinese investors questioning Bitcoin’s liability, according to XinHua.net. On February 25th,...

Michell Abner Espinoza and Pascal Reid were charged with alleged money laundering and engaging in unlicensed money service businesses back on February 6th. The two southern Florida men used bitcoins in their scheme to conduct the illegal activity. According to their lawyers, the...

Janet Yellen on Bitcoin Federal Reserve Board chairwoman Janet Yellen told Congress that the Federal Reserve has no authority or supervision over the regulation of bitcoin. As she testified before the Senate Banking Committee, Yellen was asked about bitcoin’s potential...

MtGox Investigations Begin Japanese Officials Break their Silence Following the collapse of MtGox on Tuesday, Chief Cabinet Secretary Yoshihide Suga issued Japan’s first official statement on the matter. Before declining further comments, he told reporters: At this stage...

Details of the Toronto Bitcoin Expo Founded by Anthony Di Iorio in April 2013, the Bitcoin Alliance of Canada has recently announced new updates for the Toronto Bitcoin Expo. This event will be held from April 11 to April 13. The Expo will be the first large event to invite...