If the only payment method is bitcoins, I don't understand why they tax the purchase with VAT.
VAT only applies to FIAT transactions. With Bitcoins you can avoid this tax.
VAT only applies to FIAT transactions. With Bitcoins you can avoid this tax.
This is not true, at least in my country. VAT https://techcal.net/ applies to all transactions, for goods and services, no matter what the currency it was originally taken. For the purpose of VAT the value of the transaction is recalculated in the local currency, and VAT (20%) is always applied in local currency. Avoiding to pay VAT is serious offense and actively prosecuted, so sport of avoiding VAT is not even talked about in any business worth its salt.
You are wrong. Bitcoin is not a legally accepted currency.
When you operate with Bitcoins you are "exchanging" them for good and services.
Strictly speaking, you only need to pay the VAT when you convert from fiat to bitcoins, because you are buying them. Whatever transactions you do afterwards is bartering.
Do you understand now why governments hate bitcoins? It is not because of money laundering: it's because it could be legal to use them to avoid taxes tributes.
Bitfury ASIC sales in Europe and the EU have continued to grow steadily. There is a lot of activity going on with this company from the stock exchanges, the news releases and even in the markets. It is very evident that this is a company that is going places and that they are on their way to become the biggest ASIC manufacturer in the world. As there are so many companies in this industry and as it is a global industry, we will see these companies grow very quickly and compete with one another for the best market share.
The Bitfury name in Europe is already established and the company has started to expand into the United Kingdom. In the UK they will be able to tap into the high level of technical knowledge of the country's scientists and engineers which are extremely valuable in these times of increased demand for electricity. As this industry continues to grow, we are going to start to see more people making a living off of these products and services. We can also expect to see more innovations coming out from this company.
If you do a search on the internet you will find that there are a lot of ASIC sales in Europe listings on the web. There are also a lot of them on the internet which are not listed anywhere else, so make sure you do some research on your own and do your own due diligence before you spend any money. You should check them out for yourself and decide if it is a company that you would like to invest in or if you are just looking for information.
