Following are the major Bitcoin news of the day
Switzerland Exempts Bitcoin VAT
Swiss tax authorities recently announced to exempt VAT for Bitcoin holders, for they recognized it as as a currency used in paying for goods and services. The Bitcoin community in Switzerland meanwhile reacted cheerfully to the news, calling themselves fortunate enough to be operating in the country. You can read the full story here.
Vietnam Gets Bitcoin-based Remittence Services
Vietnamese Bitcoin Exchange Bitcoin Vietnam has announced cash2vn, a new international remittence service utilizing the Bitcoin network to send and receive funds in cheap. The services, for now, is available only for those who have bank accounts. But Bitcoin Vietnam is planning to launch it further among the unbanked population. You can read the full story here.
European Commission Adds €1.95m to Blockchain Project
European Commission recently invested a whopping €1.95 million in D-CENT project. As per the available reports, the project is designing decentralized social networking platforms where “people can discuss and share contents, participate in community discussions, and even vote” to boost bottom-up democratic decision making. You can read the full story here.