The Singapore tax authorities have issued clarifications regarding the treatment of transactions in Bitcoins, the virtual currency.

The Inland Revenue Authority of Singapore responded to Coin Republic’s requests to clarify the tax treatment of the purchase and sale of Bitcoins, and in the exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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