Offshore Forex broker LiteForex adds Bitcoin to their trading instruments, joining the long list of exchanges who made the move sooner. A Digital Breakthrough SMNWEEKLY reported that Liteforex has launched trading for Bitcoin on their site. Liteforex’s launch tweet refers to the addition as a “Digital breakthrough!”, citing trading pairs of BTC/EUR and BTC/USD will be available to all of their clients. Digital breakthrough! LiteForex launches Bitcoin cryptocurrencies for trading https://t.co/RCBZ9gvzW8 — LiteForex Official (@liteforex) July
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A document issued by the Russian Federal Tax Service finally presents the first official position on the status of Bitcoin and cryptocurrencies in Russia, equating them to foreign currency. Also read: IRS WILL TAX YOUR BITCOINS IF THEY LEAVE YOUR COINBASE ACCOUNT ‘No Specific Legislation’ Banning Bitcoin in Russia The formal letter, dated 3 October 2016, states that for legal purposes, cryptocurrencies should be treated as any other foreign currency. These require no financial reporting of
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Binary options are an alternative trading method that seems to be thriving within the cryptocurrency ecosystem. Many binary options platforms provide access to stocks, indices, commodities and foreign exchange, as a high-low binary, in which customers open their positions in relation to what will be the price move within a certain period of time. This is because the option runs on a certain period which means it has an expiry time and also a strike price.