Why are central banks in such a hurry to declare Bitcoin "not a currency"? It's like governments declaring in early 90's that the Internet is not a venue for commerce, or something like that. My guess is they have their own ulterior motives.
I really don't like Bitcoin being named a commodity because that means it could be taxed VAT. Getting taxed VAT just for receiving Bitcoin is pretty ridiculous . It's one thing to be taxed VAT for the products being sold for Bitcoin, and quite another to tax both Bitcoin and the product you're buying itself with VAT.
Why are central banks in such a hurry to declare Bitcoin "not a currency"? It's like governments declaring in early 90's that the Internet is not a venue for commerce, or something like that. My guess is they have their own ulterior motives.
I really don't like Bitcoin being named a commodity because that means it could be taxed VAT. Getting taxed VAT just for receiving Bitcoin is pretty ridiculous . It's one thing to be taxed VAT for the products being sold for Bitcoin, and quite another to tax both Bitcoin and the product you're buying itself with VAT.