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US in Crypto Tax Balancing Act, ETH Miners Safe Until Nov. 2021 + More News
20.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto tax news
The US Treasury Department has told attendees at the OECD-arranged 2020 Global Blockchain Policy Forum that it is still undecided...
US Is Debating Risk vs. Liability for New Crypto Tax Rules
19.11.2020
Treasury department officials are wrangling with how to focus a coming set of crypto tax rules
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
12.11.2020
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed
Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users
8.11.2020
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on...
Korean blockchain lobby calls for crypto tax plan to be put on ice
16.10.2020
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023
Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains
14.10.2020
Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly...
OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
12.10.2020
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales
Better regulation needed to stop crypto tax evaders from running wild
10.10.2020
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders
South Korea May Review Crypto Tax Law ahead of 2021 Regulations
8.10.2020
The South Korean government said that it is conditionally prepared to carry out a review of crypto tax regulations – a year ahead of the promulgation of the country’s first crypto-specific tax law.
Per news agency Yonhap, Hong Namk-ki, the Deputy Prime Minister and the nation’s finance minister...
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge
25.9.2020
Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone
Russian ministry proposes criminal charges for failure to report crypto tax
24.9.2020
To ban crypto or to tax, that seems to be the question
Targeted by IRS? What Cryptocurrency Owners Should Know
9.9.2020
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How...
European Crypto Tax Companies Announce Merger to Power US Expansion
8.9.2020
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market
European crypto tax firms merge in bid to expand to North American markets
8.9.2020
Another crypto merger targets tax reporting
Hacker Stole 1,000 Traders’ Personal Data From Crypto Tax Reporting Service
24.8.2020
A hacker made off with user data and financial information on more than 1,000 account holders with CryptoTrader.Tax, a crypto tax filing website
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...
Aussie Exchanges Partner With Crypto Tax Firm as ATO Eyes Traders
29.7.2020
Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations
South Korean Police Investigate Who Leaked the Crypto Tax Bill
24.7.2020
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced