Michaela Merz


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Blockchain will change the VAT world like no other technology before – what do you need to know


Blockchains are transparent and decentralised way of recording lists of transactions. Their best-known use is for digital currencies such as Bitcoin. The value of Bitcoin increased remarkably since it was launched and ceiling has not been achieved yet. There are many different ways of using blockchains to create new currencies. Hundreds of such currencies have been created in the past and new coming regulary into the market. Continue reading


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Crypto currencies – UK – Call for information


PwC_R_Jolene.Visser_SouthAfrica_Jhb_P_CW_0013.JPGBritain’s overall position on crypto currencies can be described as liberal and progressive. London is Europe’s biggest financial hub and the government has tried to stay ahead of the curve in terms of regulations and business-friendly policies. Chancellor George Osborne announced a new initiative to explore the potential role of crypto currencies in Britain’s economy and also commissioned a report on the risks and benefits of embracing crypto currencies in August this year: Continue reading


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USA – tax regulation of bitcoins and other crypto currencies


IRS (internal revenue service), the US tax authority, published this year (March 25, 2014) a clear guidance (Notice 2014-21) on how the tax principles apply to transactions involving bitcoins and other crypto currencies. It is not a new law but just an interpretation of how the existing law should be applied to the new technology. It describes how Bitcoin and other crypto currencies transactions should be taxed. Continue reading


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Bitcoins and other virtual currencies


I am happy to share with you the attached documentations about Bitcoins either in German or English:

140902_Bitcoins EN

140912_Bitcoins DE

140912_PwC Digital Event

Referred links:

http://www.btc-echo.de/bitcoin-kurs/
http://coinmap.org/
http://ebiz.pwc.com/

Should you have any questions or need any advice in this regard please feel free to contact me.