One of the biggest EU Exchanges Moves to Malta
Due to problems with polish tax law one of the biggest EU exchange moves to Malta right now.
We lately seen Binance going there and now Bitbay is next! Seems Malta wants all best exchanges to get on their place.
Many of you may have account on Bitbay since for long time they allowed withdrawal of FIAT to 15k EUR without verification.
If you had there account after login you will see some things you need to confirm.
We would like to thank you for your interest in the services of BitBay exchange in Malta. The company Pinewood Holdings Limited will conduct the BitBay exchange in Malta with usage of the same software as until now has been used by BitBay exchange in Poland, based on the domain bitbay.net and BitBay trademark. The company Pinewood Holdings Limited company with its registered office in 35 Strait Street Valletta VLT 1434, Malta will be entitled to take advantage of all solutions worked out by BitBay sp. z o.o. Due to the aforementioned fact BitBay exchange on Malta will provide high quality services as BitBay in Poland so far. At the same time BitBay sp. z o.o. will still exist, however, it will carry out other challenges than conducting cryptocurrency exchange.
If you didnt - REGISTER NOW as its a great exchange with many FIAT options.
Their daily volume is around $6 709 585 USD or 912,75 BTC right now.
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amazing post.very helpful
thanks for the info
I am living in Poland and I can assure you that Polish crypto laws suck.
They basically want you to pay tax on the basic investment. That would mean profit or no profit, you have to pay taxes that are ridiculously high by any standards. No wonder Exchanges are moving.
I also wonder if this had anything to do with GDPR...
shouldnt you sleep now then? :)
Ha ha! I should have actually slept several hours ago :-)
We actually have a holiday...............
Thanks for you sir
GDPR applies across the EU, so Malta is just as affected.
I think that this interpretation of tax law has already been canceled by the ministry of... finances? Dont know how to translate;) anyway you should pay tax only from the profits.
I used to make a lot of money from the gambling sites and they were either based in Malta or Guernsey due to tax and gambling laws in other countries
Tutorial on how to withdraw fiat?
Wow good one. Thasnks for the sharing with us.
dang I might have to move there myself it was beautiful when I visited.
EU is crazy
Could not open the account. Why is that? Nothing is happening after Email provide option. Is it off limit to outsiders?@kingscrown
very good effort @kingscrown, hopefully in malta big stock uni europe can develop good premises, and success. please help me.
I will upvote and resteem