Cryptocurrency is an innovation in the financial industry. In this section we share the most relevant information that will help you to invest in virtual money.
Cryptocurrency is a type of decentralized digital currency, which operation is performed by cryptography. Circulation and the existence of a cryptocurrency blockchain technology provides.
Money can be deposited in the account of the exchange, e-wallet not required. E-wallet is your safety measure, which protects the funds of the merchant.
The advanced countries are loyal to digital currency, making a focus on the development of a regulatory framework for its use. The aim of introducing cryptocurrencies as economic component. In the US, the cryptocurrency is considered a valuable capital that is taxed transactions and operations.
In Japan, digital currency is the official medium for payment, however, is not taxed. In Germany, the cryptocurrency has private status, the tax shall be applied in accordance with the purposes of use.
In the UK, crypto currencies are equal to foreign currencies, whereby the use is taxable. Australia works on the basis of barter through the technology of the blockchain, appreciating currency in dollars. In Norway digital money are subject to 25% tax.
In Sweden, crypto-currencies have the same opportunities as physical money. In Romania, Taiwan, Ecuador, Vietnam, Bangladesh, Kyrgyzstan cryptocurrency illegal.
Satoshi Nakamoto in 2008 he created the first block, which was developed on the basis of cryptography. He described in detail the principles of the blockchain and provided the first digital currency - bitcoin.