Singapore to Exempt Bitcoin from Goods and Services Tax61.2

The U.S. is increasingly running the risk of being left behind other nations unless its authorities soon address issues surrounding Bitcoin. One of the main problems facing the cryptocurrency is tax treatment. In this regard, Singapore is now taking the lead.

Several countries, such as Japan and Switzerland, are already taking action to boost the growth of their crypto industry.

Original source
https://bitcoinist.com/singapore-to-exempt-bitcoin-from-goods-and-services-tax/

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