Tax

South Korea Supports Cryptocurrency Business by Postponing Tax Increase
Dec 01, 2020 at 13:59
News
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
South Korea is known for its friendly stance on innovations including cryptocurrency. The country has even announced plans for releasing their own CDBC dubbed the digital won. However, they also show support to businesses dealing with other digital currencies.
Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Nov 25, 2020 at 14:35
News
Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
Sep 28, 2020 at 12:02
News
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
The Ministry of Finance of Russia has recently represented an update for the regulation of cryptocurrencies. Their new proposal includes an obligation for all Russian cryptocurrency holders to declare transactions on cryptocurrency and reporting on holding cryptocurrency wallets.
The Boom of Cryptocurrency Adoption in Africa due to Covid-19 Pandemic
Sep 26, 2020 at 12:23
News
The Boom of Cryptocurrency Adoption in Africa due to Covid-19 Pandemic
Due to Covid-19 pandemic we can see a growing interest in Bitcoin and cryptocurrency on the African continent in 2020.
US Tax Service is Willing to Pay for Cracking Monero
Sep 12, 2020 at 09:18
News
US Tax Service is Willing to Pay for Cracking Monero
As privacy coins such as Monero are widely used for illegal purposes, financial regulators and watchdogs seek ways to de-anonymize them. Now, the United States Internal Revenue Service (IRS), is going to pay for cracking Monero (XMR).
The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
Jun 10, 2020 at 09:42
News
The Trade-Off Between Energy Use and a Healthy Economy: Kyrgyzstan Lawmakers Debate on Bitcoin Mining Tax Bill
After announcing an official ban on cryptocurrency use in 2014, the Kyrgyz Republic seems to be reconsidering its legal frameworks around crypto trading and mining.
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Jun 03, 2020 at 13:39
News
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
May 14, 2020 at 14:31
News
US IRS Seeks Cryptocurrency Tax Assessment Contractor to Produce Clearer Regulatory Framework
The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.
Taxes Revolutionizing the Cryptocurrency Industry, Singapore Sets New Rules
Apr 25, 2020 at 09:29
News
Taxes Revolutionizing the Cryptocurrency Industry, Singapore Sets New Rules
As cryptocurrencies and blockchain technology gain root in the world, governments are becoming more involved in the industry through taxation.
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