Wow.. I'm looking forward to hearing the result of that ruling.
Which way are you thinking it'll sway? Will there be any repercussions for other governments if it gets restricted?
Which way are you thinking it'll sway? Will there be any repercussions for other governments if it gets restricted?
No I think either way it will be positive. It's just important to know for us if we might be violating some rules.
Our feeling is probably either a) It will be considered a virtual commodity- which is tricky because then it means we have to charge VAT on top of every bitcoin we sell. (21%) OR we could act as a broker, and thus charge 21% on our commission (our current strategy). BUT then they might require us to have some sort of brokerage license in this case.
or B) they will consider it foreign currency and we would have to register as some sort of FOREX exchange.
Either way, bitcoin itself is quite fine, but we don't want to run afoul of any regulations that mights *suddenly* appear. :-)
