iGaming Business – The UK’s HM Revenue and Customs (HMRC) is considering alternatives to the current 20% value added tax rate on purchases of Bitcoins due to fears that the virtual currency could be used for tax evasion and money laundering. According to the Financial Times newspaper, traders have complained that the VAT made their business uncompetitive on a global scale and was forcing them to look at moving to more favourable jurisdictions. The announcement comes as tax authorities around the world seek to capture more revenue from the virtual currency and lower the risk of tax avoidance and evasion….