Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax.    Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS...
Tax exemptions on profits from crypto-related transactions have been proposed during a meeting at the Ministry of Economic Development of Russia. Participants also called for a 10 fold increase of the limit for individual investments in ICOs. Russians should be allowed to open accounts with foreign exchanges, officials insisted....
Cryptocurrency investments have attracted the attention of tax authorities in Belgium. Several investigations have been opened into cases of Belgian citizens who have traded on foreign exchanges. Anyone speculating on crypto markets is expected to pay 33% tax on their gains, despite the fact that bitcoin and the like...
Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients...
While some governments around the world, both local and national, are taking steps to try and limit the spread of the use of cryptocurrencies, many others are trying to ensure their citizens are free to adopt the revolutionary technology. The latest example of this is the US state of Wyoming...
With the increasing popularity of bitcoin and the like, this year’s tax campaign in Europe comes with many questions on how to report and pay crypto taxes. Despite the obvious hesitation on the part of many governments to comprehensively regulate/legalize the sector, cryptocurrency incomes and profits “enjoy” special attention....
The largest tax filing platform in India, Cleartax, together with Zebpay, one of the leading Indian cryptocurrency exchanges, is uniting efforts to help Indians with their crypto taxes. The partnership aims to educate bitcoin investors and traders about the current tax laws and how they apply to reporting cryptocurrency...
A top official at the U.S. Securities and Exchange Commission (SEC) has confirmed the existence of numerous investigations into initial coin offering (ICO) campaigns.On Thursday, Stephanie Avakian, co-director of the SEC's Enforcement Division, said the agency had "dozens" of investigations that relate to cryptocurrency and ICOs, according to Bloomberg...
The Internal Revenue Service (IRS) needs to establish guidelines on how Americans can report gains from hard-forked cryptocurrencies, the American Bar Association Section of Taxation said Tuesday.Section Chair Karen Hawkins wrote a letter noting that "several important developments in the cryptocurrency economy have taken place" since the IRS previously...
The Organization for Economic Co-operation and Development (OECD), a global intergovernmental body, has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency.In a report sent to financial ministers and central bank regulators of the G20 member countries on Tuesday, the OECD said it is looking to...