Wednesday, March 20, 2019
Tax agencies around the world keep applying pressure on bitcoin and crypto companies to make their operations transparent to them. The latest example comes from Israel, where a local exchange with over 50,000 clients has been convinced to report its bigger traders to the national tax authority. Also Read: Decentral...
The U.S. tax code is on the brink of its largest overhaul in three decades.And while neither the House of Representatives or Senate version of the tax bill (both have passed in their respective chambers and are in the process of being reconciled into a final bill) specifically addresses...
President Donald Trump's push to overhaul the U.S. tax code could include a potential payoff for bitcoin users.With the president and the Republican Party's sights set on tax reform as a way to send a strong message to voters ahead of the 2018 term elections, it's potentially a good...
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...
There's a handful of initial coin offering (ICO) issuers working out of Tel Aviv, Israel, but they typically domicile elsewhere.That's not particularly helpful for the government since it loses out, not only on tax revenue, but also opportunities to market Israel as a place to do business.And according to...
On Saturday, July 1, the revised consumption tax law went into effect throughout Japan, and bitcoin transactions no longer incur consumption tax of 8%. On the same day, Australia also ended bitcoin double taxation. Bitcoin.com talked to Yuzo Kano, CEO of the largest Japanese bitcoin exchange by volume Bitflyer,...
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...
More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country's cryptocurrency exchanges.Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country's online exchanges amid a speculative boom in...
The BSP (Central Bank of the Philippines) has released official guidelines for the regulation of virtual currency exchanges. The statements emphasize the potential benefits of remittances, threats posed by money laundering, and the desire for the Philippine government to foster development in bitcoin businesses. Also Read: Bitcoin Regulatory Guidelines Are Coming...
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...