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1  Bitcoin / Bitcoin Discussion / "GO" Signal From UK for Bitcoin on: March 04, 2014, 10:52:04 AM
UK is giving the Bitcoin the ‘Go’ signal by scraping the 20 percent VAT laid on it. Does this mean that it is finally being recognized as a currency? The European Banking Authority however has already warned its users that the use of virtual currency will not be protected by the WU law of refund rights. Governments all around the world seem to be struggling with the conundrum of dealing with the digital currencies. Russia and Vietnam have declared that transacting the virtual currency was illegal and even China has banned the handling of Bitcoin in its banks. Are they right in being cautious?
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