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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...
Bill to Exempt Small Crypto Transactions From Taxes Returns to US Congress
16.1.2020
A bill to protect crypto users from capital gains taxes on day-to-day transactions has been reintroduced in US Congress
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...
Thomson Reuters Launches Crypto Tax Tool
23.12.2019
Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read:...
Chinese Regulators Question 8 Crypto Companies in Shenzhen
20.12.2019
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
South Korean Government Falsified Report Claiming 10% Tax on Crypto Transactions
9.12.2019
The Ministry of Finance of South Korea has put an end to the speculations and claims that were hovering over the Korean crypto industry in the past few weeks by refuting the report that stated that the regulatory authority had imposed 10% income tax on cryptocurrency investments. Cryptocurrencies...
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
Brazilians Make 2.5 Million Crypto Transactions in Just 8 Weeks
3.12.2019
Cryptocurrency usage rates continue to soar in Brazil, despite the recent introduction of tax laws that require traders and investors to declare their Bitcoin and altcoin transactions.
Per media outlet G1, Brazilian tax authority the Receita Federal (the Department of Federal Revenue) has released...
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
Australian Man Arrested for Unregistered Crypto Transactions
12.11.2019
Australian police arrested a man operating a cryptocurrency ATM that allegedly facilitated “unregistered cryptocurrency transactions”
XRP Accounts for Over 50% Of All Crypto Transactions in Last 24 Hours
30.10.2019
XRP daily transactions are going through the roof, nearing an all-time high of 1.70 million
Tax Guide: What Crypto Owners Should Know
14.10.2019
With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are...
H&R Block Offers Solutions for Taxpayers With Crypto Transactions
25.9.2019
U.S.-based accounting firm H&R Block rolls out a new service for crypto currency transactions
Israeli Startup That Allows Offline Crypto Transactions Secures $4M
19.9.2019
Blockchain transactions can now purportedly be recorded without the internet as an Israeli cybersecurity startup introduces its new technology
BitPay Adds Ethereum to its Network for Fostering ETH Crypto Transactions
17.9.2019
The globally reputed cryptocurrency, Ethereum has added another feather to its credit as leading payment processor, BitPay, lends support to ETH on its platform, thereby facilitating traders to initiate acceptance of Ethereum. On September 16, the official press release concerning ETH and BitPay...
Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions
3.7.2019
The software upgrade can potentially be introduced to approximately 170,000 machines across America
PwC Unveils New Tool for Auditing Crypto Transactions
20.6.2019
'Big Four' firm PwC has launched a new tool for auditing cryptocurrency transaction data
Reports Reveal An Increase In Litecoin Onchain Usage
27.5.2019
Since early 2019, several metrics have begun flatlining indicating the potential support floor and the interest of the network users. From the start of May, however, the interest began to grow overall, based on the data provided by BitInfoCharts. Litecoin Onchain usage is growing as transaction...
Benefits of Binance over-the-counter (OTC) Trading Desk for crypto-to-crypto Transactions
21.5.2019
Binance is the most famous cryptocurrency exchange which was started in China; lately, they have shifted their center of Operations to the crypto friendly island of Malta in the European Union. Binance is the name which comes in mind for crypt to crypto exchange services. Even though it...