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Coinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can further penetrate the European bitcoin market.
Cryptocurrency investments have attracted the attention of tax authorities in Belgium. Several investigations have been opened into cases of Belgian citizens who have traded on foreign exchanges. Anyone speculating on crypto markets is expected to pay 33% tax on their gains, despite the fact that bitcoin and the like are not regulated or legalized in the country.
Also read: Germany Treads Lightly on Bitcoin Taxation
Three Cases Under Investigation
The Special Tax Inspectorate (STI) is currently studying at least three different cases of Belgian investments in cryptocurrencies. A fourth file was closed and treated as a “non-case”. According to local media, the investigations have started after Belgian officials were tipped off by colleagues from abroad.
The New York Power Authority CEO has recommended that the organization approve a request for cheap energy towards Bitcoin mining in the town of Massena, New York.
From Smokestacks to Server Racks
The state of Washington immediately comes to mind when talking about bitcoin mining operations in the US. But New York?
NCDC (North Country Data Center Corp), a subsidiary of Coinmint, is planning to set up a mining center at a closed site for a traditional smokestack industry in Massena, located on the shore of the St. Lawrence River in upstate New York.