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Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...
Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...
US Lawmakers Try Again on Tax Relief for Small Crypto Payments
16.1.2020
House Representatives’ bipartisan legislation would exempt realized crypto gains under $200 from taxation
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto
29.12.2019
France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called...
Around the World in 2019 — A Landmark Year for Crypto Taxation
28.12.2019
US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019
Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship
28.12.2019
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...
Poles Hit With Backdated Tax on Crypto Trades
16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...
Protocol, Networks, Law, and Anarchism
15.12.2019
I imagine long ago there was a time when neither verbal nor written language existed for humans. Hand gestures and other physical cues were as good as our ancestors had it. Perhaps the sign for thirsty meant pinching one’s own tongue. Or the sign for hungry meant stuffing one’s hand...
Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
10.12.2019
Crypto accounting automation startup Lukka partnered with accounting advisor CPA.com to launch a crypto tax estimation tool
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning
30.11.2019
Bitcoin price drops – last chance to reduce tax due before the end of the year
Missouri Firm Launches New Software For Reporting Crypto Taxes
26.11.2019
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting
How to Navigate the Minefield of Cryptocurrency Taxation
23.11.2019
National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed...
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
14.11.2019
U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says
How Society Thrived Before Mass Taxation, and How It Still Can
12.11.2019
Many people in the U.S. and elsewhere think of the income tax as some kind of timeless staple of society. The truth is, it was only first instituted in the United States as a permanent fixture in 1913. It stands to ask then, how all the progress that was made prior and the bustling growth...
Her Majesty the Queen Rules Out Crypto as Currency
9.11.2019
HMRC is publishing a new policy paper for individual and business crypto taxes
New crypto taxation guidelines for the UK
5.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 4 November, 2019 Help others “As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others.” – Audrey Hepburn Welcome back, CoinMarketCap army! Let's […]
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New crypto taxation guidelines for the UK
5.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 4 November, 2019 Help others “As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others.” – Audrey Hepburn Welcome back, CoinMarketCap army! Let's […]
The post New crypto...