Cryptocurrencies Get Tax Exemption In Georgia

The finance minister of Georgia (a nation located Eurasia region) Nodar Khaduri has cleared a bill which will be covering regulating the taxation of entities that trade or mine cryptocurrencies. An Italian crypto enthusiast commented, “The Decision is of historic importance: it clarifies all doubts and removes the confusion on the applicability of consumption taxes to bitcoin, considering cryptocurrencies as a simple means of payment and, under a VAT perspective, similar to a foreign currency.”

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