Bitcoin Foundation Urges Court to Dismiss Charge in Florida LocalBitcoins Case
The Bitcoin Foundation, the digital currency’s chief trade organization, has filed an amicus brief in connection with a Florida state criminal case involving Pascal Reid, a LocalBitcoins.com user who was arrested and charged with operating an unauthorized money transmission business and money laundering earlier this year. An amicus brief, known formally as an amicus curiae, is a legal tool that can be exercised by parties with strong interests in a case who want to ensure a…
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Bitcoin tax-free transactions face court test
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BRUSSELS — Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies.
The EU Court of Justice must decide if transactions between virtual and traditional currencies can be classed as a service under EU value-added tax rules, and if so, whether such trades are tax-e
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