Bitcoin exchange Coinbase has informed on Tuesday that it launches a new feature for US citizens who’d like to purchase Bitcoin instantly – all can be done with their debit cards.
This new product of Coinbase, which is still in beta version, has the goal to help new clients get their first bitcoin and for existing clients to get bitcoin easily and quickly. The company is launching this product to 1% of US clients from March 1, and plans to roll it out gradually to 100% over the next months.
Clients, who can use this feature, can add a debit card by going to the payment methods page on the Coinbase website, or through the payment method option under settings in Coinbase’s iOS and Android apps. Once a debit card has been added, users can then go to the buy page, and instantly buy bitcoin. The possibility of buying bitcoin with debit/credit cards is already provided to Coinbase’s European clients.
You can read more about it on the official website – here.
Bitcoin Tax Exemption in Japan?
A legislator in Japan’s leading political party has proposed that bitcoin purchases should be exempt from an 8% consumption tax, according to Japan’s regional news source.
The proposal was debated during a budgetary committee hearing in the lower house of the Japanese legislature, the Diet, on 5th February. As Nikkei informed, Liberal Democratic Party member Tsukasa Akimoto put the question of cryptocurrencies tax expemtion to Finance Minister Tarō Asō. Nevertheless, Asō is has defended the country’s tax policy by saying that “Japan is not alone” in such approach.
The debate comes after Japan’s policy drive to regulate digital currencies, as well as the business sector that has grown up around the technology. A draft regulatory proposal from the 2015 by the Financial Services Agency (FSA) indicates that Japanese regulators are looking at tightening data reporting requirements for exchanges.
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