bitcoin exchange

Tax dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under

December J, 2017
Market Hive
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Tax Dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under.   The indirect tax department has launched an investigation into Bitcoin exchanges operating in India to ascertain at what rate they can be taxed under the goods and services tax (GST) regime, two people with direct knowledge of the matter said. The development comes as the income tax department launched searches on top Bitcoin exchanges including Zebpay, Unocoin and CoinSecure on Wednesday. According to the…

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Warning Signs About Another Giant Bitcoin Exchange

November J, 2017
Market Hive
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Warning Signs About Another Giant Bitcoin Exchange SAN FRANCISCO — As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream. Square, the fast-growing payments company run by the Twitter co-founder Jack Dorsey, has begun selling Bitcoins to ordinary consumers, and the Chicago Mercantile Exchange will soon allow banks to trade on the value of Bitcoin. But if you want to see where the price of Bitcoin is actually determined in round-the-clock bidding, you have to…

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China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

September J, 2017
Market Hive
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China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades Order comes amid a broader clampdown on financial risk China is home to nearly a quarter of world’s bitcoin trades China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the…

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