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Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
14.10.2021
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from...
How Bitcoin & Crypto Might Help Ease Wealth Inequality (Without Miracles)
10.10.2021
href="https://www.theguardian.com/global-development/2020/jan/22/wealth-gap-widening-for-more-than-70-per-cent-of-global-population-researchers-find">worsening. Whether we’re talking about disparities in income or wealth, the gap between the richest and poorest seems only to be widening over tim
CMC Markets Expecting 126 Million Pound Operational Income
8.10.2021
CMC Markets is a UK-based brokerage group founded in 1989. It offers trading instruments and betting solutions to clients. The trading can be done in forex, cryptocurrencies, shares, commodities, etc. As per 2021 CMC Market reviews, it is a well-known and established broker in the UK, listed...
Streamers React To Leaked Twitch Income Rankings With Jokes, Criticism
7.10.2021
An anonymous hacker leaked payroll information for every streamer on Twitch yesterday, and predictably, the revealed incomes have become an inescapable topic of conversation for streamers in their Twitch chats and on social media. The range of reactions to the leak has been vast, with some...
Janet Yellen Defends Tax Compliance Agenda — 3 State Treasurers Promise Not to Comply
6.10.2021
The 78th United States secretary of the treasury, Janet Yellen, is very concerned about tax evasion, according to statements she made during an interview with CNBC’s “Squawk Box” that aired on October 5. Yellen claims there’s an “enormous tax gap” and...
6 Ways to Earn Passive Income with Crypto
2.10.2021
m/coins/">other digital assets is to deposit them into a centralized lending platform. While most experienced crypto users recommend avoiding depositing crypto with third-party providers, the user-friendliness of CeFi (centralized finance) lending platform has led to billions of doll
eToro commits $1M to GoodDollar universal basic income project
22.9.2021
Crypto-focused charities continue to grow. Through GoodDollar, eToro is targeting financial inclusion and literacy through a global UBI program
Laos Authorizes Cryptocurrency Mining and Trading Activities
18.9.2021
Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining...
Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’
15.9.2021
tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges
India’s Income Tax Department may soon target crypto trades and ecosystem
13.9.2021
Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments
Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock
12.9.2021
The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he said. Blackrock CIO Sees Significant Upside to Bitcoin Rick Rieder...
South African Tax Body Updates Crypto Tax Guidance, Confusion Persists
2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...
Slovenian finance authority proposes 10% tax on crypto income
31.8.2021
Slovenian financial authorities have announced a proposal to tax cryptocurrency participants 10% on their asset income, specifically on purchasing and selling activities
Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
31.8.2021
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify...
Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad
29.8.2021
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency...
Philippines Tax Agency Targets Axie Infinity Players — ‘It’s Taxable, Subject to Income Tax’
25.8.2021
According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the press that BIR is looking into methods aimed at capturing Axie Infinity players...
DeFi Adoption Driven By Seasoned Traders, Investors From High-Income Countries - Report
25.8.2021
Decentralized finance (DeFi) adoption has been primarily driven by experienced cryptocurrency traders and investors which explains why its adoption is more visible in high-income countries which benefit from established cryptocurrency user bases, according to a recent report by blockchain analysis...
Philippine regulator tells Axie Infinity players they must pay tax on income from game
25.8.2021
The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency
Missouri mayor suggests giving residents up to $1K in Bitcoin
20.8.2021
Jayson Stewart hinted Cool Valley residents could be required to HODL the funds for five years
How to Earn Passive Income with Bitcoin?
18.8.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Interest rates in most countries throughout the world are currently extremely low, with some countries even having negative interest rates. Global investors are currently looking for ways to earn interest...