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Transformation, Domination, Evasion, and 20 Crypto Jokes


This week in crypto, experts at the WEF said that digital finance, crypto and blockchain-powered economics are sweeping through markets in the developing world unchallenged and that digital tokens could transform the world of business and art. While Binance aims to find more merchants for its...

Britain’s Tax Agency Cracking Down on Crypto Tax Evasion


Britain’s highest tax authority, Her Majesty’s Revenue & Customs (HMRC), has issued a request for blockchain analysis tools. The main goal, per the request, is to find and implement technology that allows the government to track and tax cryptocurrency users. The problem facing the British...

When Cash Is Banned, Centralized Cryptos Are Not Going to Save You


Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many...

Cryptocurrency Sanctions Evasion ‘Already Happening’


A financial expert believes cryptocurrencies are already playing a role in Iran and Russia’s fight against economic sanctions – and says the states’ government may turn to miners for further assistance. Per a report from Russian media outlet 360, Alex de Vries, Senior Consultant and Blockchain...

Crypto Tax Evasion ‘Rampant’ in Japan


Cryptocurrency tax evasion is rife in Japan, per a report by local media. It claims that some 50 people and 30 companies have failed to declare over USD 92 million worth of cryptocurrency transactions. Asahi Shimbun claims that the companies in question include a Tokyo-based enterprise that trades...

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