Isle of Man open to accepting Bitcoin for tax payments: "It was a relatively simple decision to take"
Isle of Man's benevolence to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is moving to the next level. Chris Corlett, chief executive of the department of economic development, announced that residents could soon be able to pay “everything from your car tax to your income tax bill” with Bitcoin:
“There is an evolution here, given what we've learned about digital currencies in the last year, it was a relatively simple decision to take.”
This, despite the fact the banks appear to be less accommodating. Prior to last week's Bitcoin conference on the island, Capital Treasury Services (CTS) said that its partner bank closed its account, allegedly because of the bitcoin transactions flowing through it. CTS acts as a treasury service and had provided a link between bitcoin businesses and banks.
The bank in question, whose identity remains to be clarified, may be based abroad and therefore less likely to incline itself toward the island's more accommodating policies.
Isle of Man's benevolence to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is moving to the next level. Chris Corlett, chief executive of the department of economic development, announced that residents could soon be able to pay “everything from your car tax to your income tax bill” with Bitcoin:
“There is an evolution here, given what we've learned about digital currencies in the last year, it was a relatively simple decision to take.”
This, despite the fact the banks appear to be less accommodating. Prior to last week's Bitcoin conference on the island, Capital Treasury Services (CTS) said that its partner bank closed its account, allegedly because of the bitcoin transactions flowing through it. CTS acts as a treasury service and had provided a link between bitcoin businesses and banks.
The bank in question, whose identity remains to be clarified, may be based abroad and therefore less likely to incline itself toward the island's more accommodating policies.