Bitcoin News Mash-Up: Square Adding Bitcoin Support; UK Exchange Comply with Audit Standards; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Square Planning to Add Bitcoin Support
According to the statement given by Square’s CEO Jack Dorsey, the online payment solution company seems to be in the mood to add Bitcoin support to its services. Incidentally, the same company has also decided to support Bitcoin’s alleged competitor Apple Pay as well. Dorsey said:

“We’re building a register so that sellers can accept a credit card, so they can accept cash, so they can accept a cheque, so they can accept Bitcoin and so they can accept any form of payment that comes across the counter including future ones and burgeoning ones like Apple Pay.”

Netagio Complies with UK Audit Standards
UK-based precious metal and cryptocurrency exchange Netagio recently received a ISAE 3000 standard certification for Bitcoin storage services. The certification was awarded after a thorough audit conducted by the finance services firm BDO LLP. This subsequently made Netagio the first cryptocurrency-based company to receive a standard certificate, which is further recognized by International Audit and Insurance Standards Board.

Belgium: No VAT on Bitcoin Trades
Belgium’s Federal Public Service Finance (FPS) recently released a statement which revealed their plans to excuse Bitcoin trades from Value Added Tax (VAT). The origin of the statement is an email that was sent to a local exchange Belgacoin, as a response to some tax query. FPS consultant and researcher further told CoinDesk.COM that “the Belgian position is likely to change according to the position of the European Committee, which is trying to define a harmonization at European level.”

Greenpeace Now Accepting Donations in Bitcoin
One of the Greenpeace US-based firms recently started accepting donations in Bitcoin, and subsequently became the second-largest non-profit firm to embrace cryptocurrency technology. The $200-million worth NGO has offices in over 40 countries, which particularly focuses on issues related to commercial whaling, deforestation, genetic engineering and other environmental issues. BitPay will be the official third party payment processor for Greenpeace.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

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