The Bitcoin community members in Austria now have a reason to rejoice.The country has recently received its first dedicated Bitcoin bank.The new Bitcoin Bank is a physical Bitcoin exchange center opened with the intention of making it easier for people in and around Vienna to buy and sell Bitcoin.The Bitcoin outlet is operated by Bit Trust, an Austrian blockchain startup.In addition to facilitating personal Bitcoin trade, the Bitcoin Bank also offers a variety of other cryptocurrency and blockchain linked services.The personalized, physical Bitcoin exchange platform provides a reliable option for those who are new to Bitcoin and have apprehensions about dealing with online platforms.The Bit Trust Bitcoin Bank makes the whole exchange process much faster, and it also allows people to buy the popular digital currency with a cash payment, which is otherwise not possible on standard online exchanges and trading platforms.The Managing Director of Bit Trust, Magdalena Isbrandt was quoted by Austrian media outlets saying, “[Bitcoin transactions] are simply much faster and can be done without a middleman.

[With Bitcoin] the value and money can be sent straight from user to user”.In the same coverage, Bitcoin Austria’s Andreas Petersson was quoted saying, “If I pay online with bitcoin, I have a degree of privacy.The vendor does not have my credit card number.bitcoin banco do brasilIf I pay for purely digital goods, like computer games, I have a much better feeling as I am not handing over all my private data.” Vienna has many places where people can use Bitcoin.bitcoin precio recordAccording to available information, there are at least 20 Bitcoin-friendly vendors in the region including restaurants, bistros, and bars.bitcoin calculator inrLast year, a similar physical Bitcoin exchange counter was opened in Moscow.bitcoin gadget win7

, a popular LocalBitcoins group.They started it as a one-way exchange operating 24 hours a day.These Bitcoin exchange counters are relatively new.Even though they make it easier for people to buy and sell the digital currency, they face direct competition from Bitcoin ATMs and other “Bitcoin for Cash” services where people can buy vouchers from shops or supermarkets and redeem it online for the digital currency.bitcoin 2800Vaultoro J.Scigala @Vaultoro Vaultoro J.Scigala @Vaultoro is the first #bitcoin & allocated #gold order book exchange.buy bitcoin otcAudited, insured & public proof of over 100% reserve using the #blockchain.bitcoin sgd chart Add a location to your Tweets When you tweet with a location, Twitter stores that location.run bitcoin ubuntu

The @HouseOfNakamoto on the main shopping strip in Vienna just got massive new signage!@Fabio_Bossi the #bitcoin propaganda King!In the first installment of our series “Bitcoin Around the World,” Ian Jackson profiles the state of the digital currency in Austria.square one bitcoin atmLONDON (InsideBitcoins) — Vienna, the capital of Austria, is a city long associated with music.Straus, Schoenberg, Schubert and Berg were all born in Vienna; Mozart, Beethoven, Hayden and Brahms were not, but chose to live there regardless.The mighty Danube dominates, snaking its way through alpine vistas so pristine that words do not do them justice; shimmering lakes, the gentle curves of viridian hills, the toothed spires of the Carpathians and Alps are dotted with the remnants of gothic splendour, ancient farmsteads, ski lodges and pristine forest.Austria remains the postcard paradise that it always was and hopefully, always will be.

A sudden change in currency A member of the EU since 1995 of the Eurozone since 1999, the Austrian schilling are now consigned to history, a memory in the same vein as the French Frank or the German Deutschmark.But not a faded memory, not yet; the experience of a sudden change in currency is, at least in the developed world, a uniquely European experience.Austrians abandoned centuries of tradition when they adopted the Euro, so the switch to bitcoin only has to contest with decades of convention.The Austrian government’s position on bitcoin remains, as with most of Europe, in a state of flux.As with senior EU partner, Germany’s decision that bitcoin should be considered a ‘Unit of Account’ or in layman’s terms, a taxable commodity –Austria’s position,  since parliamentary questions were first raised in July of last year,  has oscillated between indifference and hostility.Indeed, the Financial Regulatory Authority’s guidance reads like the  warning sign one might find next to dangerous bodies of water;  volatility, lack of statutory regulation, hacking alerts and lack of legal protection are all highlighted and topped off with a note that ‘The anonymity of Bitcoin is conducive to criminal abuse, ’ with a link to the EBA’s 2013 cyrptocurrency warning.

Yet for all the bluster, little firm legislation is in place.Bitcoin in Austria remains VAT exempt, capital gains tax on trading the currency as an asset is of course applicable, though considering the recent downward trend of the currency, that may well turn out to be a non issue.Like most member states, Austria seems reluctant to put in place hard legislation prior to an EU-wide decision being taken.Recent events at the European Court of Justice have ably demonstrated that the disagreement between the UK and Germany is anything but ephemeral; entrenched positions between the two may cause delays that make US political filibustering feel like a brief after-dinner speech.Politics aside, the community in Austria seems to be thriving.The capital, Vienna, sports no fewer than 20 bitcoin-friendly vendors ranging from restaurants, bistros, bars and even a school teaching computer programming to children.Meanwhile, the nation’s second city, Graz, could hardly be said to lagging behind, with 18 vendors, including apparel, apartments to rent, shiatsu massages and even Angus steaks.