Weekly Round Up: Neo&Bee’s alleged fraud, Bulgaria’s tax on Bitcoin and new ATMs in New Zealand and Canada

Time for the latest weekly round up at Bitcoin Examiner! British Bitcoin exchange Bit121 announces “hibernation” period Although half the world is currently welcoming spring, the UK-based exchange Bit121 decided this was the best time to get some sleep. The Bitcoin platform has announced it is suspending all trading operations and temporarily closing down. The decision is not…

Details

Bulgaria’s National Revenue Agency announces tax on Bitcoin

The Bulgarian National Revenue Agency released a new tax guidance on Bitcoin. According to the document, entitled ”Revenue from Bitcoin Transactions to be Declared and Taxed”, a standard capital gains tax will be applicable to all income connected to cryptocurrency.  This means that all Bitcoin-related income will be taxed just like income from the sale of financial assets. Personal…

Details

BitPay Expands in Europe with Amsterdam Headquarters

BitPay, a leading Bitcoin payment processor, has officially opened its European Headquarters in Amsterdam. This office will handle sales, implementation and merchant support for BitPay’s 7,000 merchants in Europe, with the goal of acquiring and serving 30,000 merchants in Europe by the end of 2014. Moe Levin has joined BitPay as the company’s European Director of…

Details