While Bitcoin Germany recognized as the currency in some countries such as Finland or Norway , this is just a commodity , even China and Thailand also ban the use of this money .
20/1 Today , Finland 's central bank declared virtual currency Bitcoin does not meet the standards of a currency , or even not be used to electronic payments here . So Bitcoin only be regarded as goods .
" By definition the official currency of the Finnish law , Bitcoin unqualified . The currency nor the payment means instead , so no release unit responsible . At this point , it looks a commodity , "he Paeivi Heikkinen - Head of control department at the central bank , said on Bloomberg Finland .
Finland is the world's newest country tighten regulations with Bitcoin . European officials have regularly warned of the risks may be encountered when using this money instead of real money . They have designed a series of policy framework to protect consumers and businesses from the losses are not likely to recover.
Worldwide, the reaction of water with very different Bitcoin . August last year , the German Ministry of Finance has recognized the functional currency Bitcoin . Hence the creation of Bitcoin will see as making money and paying taxes .
Meanwhile , as well as Finland , Norway , said Bitcoin does not qualify as cash . Denmark is gathering opinions of the legislators to set out policies with Bitcoin and other currencies .
Late last year , China 's central bank banned the country's credit institutions trading , underwriting or insurance provided by Bitcoin . In addition, the trading website in China will also have to provide identity investors for officials to prevent money laundering .
Before China, Thailand became the first country in the world banned from circulation Bitcoin. Purchase and sale of any goods or services are exchanged Bitcoin is illegal. Sending Bitcoin for anyone outside Thailand or received from other countries are also not allowed.
In the US, Internal Revenue Service (IRS) has yet to give any guidance on Bitcoin besides claims are discussing this issue. IRS still monitoring the virtual currency transactions and on the Internet since 2007.
According to Financial Times, the UK is taxed 20% on the purchase Bitcoin, fearing it could be used for money laundering and tax evasion. However, yesterday, the country is considering declaring the alternative, by trading firms complain it reduces their competitiveness. Some companies are considering moving to another country to do business.
n Vietnam , there were now two claims accepted Bitcoin transactions , but the leadership of the State Bank has said that this money can not be accepted in the country . Reasons and because of the virtual currency transaction risks are high , and there are currently no legal framework for Bitcoin .
