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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...
South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies
20.1.2020
South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions
Why ‘Crypto Dad’ Is Building the Digital Dollar Foundation
16.1.2020
With the proverbial digital currency barbarians at the gate, ex-CFTC chair Christopher Giancarlo launches a digital dollar initiative
Narrative Watch: The Hunt for Crypto’s Killer App
13.1.2020
As a Brooklyn Nets player tokenizes his contract, are income share agreements poised to break out as one of crypto’s killer apps?
6 High Interest-Paying Options for Crypto Lenders
10.1.2020
As anyone who has ever sought to lend crypto will attest, significant variance exists in the APR offered to lenders. Indeed, the spectrum can swing from 1% to 8% – even when it’s the same asset being loaned across platforms such as Coinbase, Poloniex, Compound and Dharma. As...
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...
India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies
18.12.2019
We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
Hive Blockchain Lost 'Last Analyst'; Reports Record Income, Still Makes Loss
5.12.2019
The first publicly listed blockchain infrastructure company, Hive Blockchain Technologies Ltd., reportedly lost the last analyst covering it, and the price of its shares is far from the early days of it going public. Meanwhile, the company reported an income increase of c. 84% in Q3, compared...
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...
Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical
2.11.2019
Andrew Yang has taken to Twitter in dynamic fashion as of late, advertising his universal basic income (UBI) proposal known as the “Freedom Dividend.” While throwing money at people out of pocket always generates a buzz, there’s a mathematically and ethically broken side to...
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
10.10.2019
The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...
Crypto Staking – A Passive Way to Earn Income
3.10.2019
Blockchain networks are usually formed by users who create and maintain the entire infrastructure. Blockchain networks offer them rewards or incentives to maintain and support the network for smooth operations. There are two types of these rewards system: Staking Mining What is staking? Staking...
Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
1.10.2019
The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....
Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin
3.9.2019
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature...
Immortality, Cryogenics and UBI: How The Crypto Rich Influence Science
25.8.2019
The rise of cryptocurrency is changing the philanthropic world by causing the redistribution of wealth from old money to visionary innovators and early tech adopters. The new crypto rich invest their donations by supporting scientific research in groundbreaking fields that may one day enable...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...
Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?
14.8.2019
There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic...
New Zealand Rules Receiving Income in Bitcoin is Legal, Taxable
12.8.2019
New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed