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Nalezeno "Crypto tax": 550

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...

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...

Britain’s Tax Agency Cracking Down on Crypto Tax Evasion

21.1.2020
Britain’s highest tax authority, Her Majesty’s Revenue & Customs (HMRC), has issued a request for blockchain analysis tools. The main goal, per the request, is to find and implement technology that allows the government to track and tax cryptocurrency users. The problem facing the British...

Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion

21.1.2020
As cyber crimes evolve, Britain’s tax agency pursues new tech to combat growing tax evasion using crypto

South Korea Considers 20% Crypto Tax

20.1.2020
Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal

South Korea Mulls 20% Crypto Tax Plan, Russia Also Wants to Tax Tokens

20.1.2020
The South Korean government is reviewing a proposal that could see it introduce a tax on cryptocurrencies. Meanwhile, new Russian Prime Minister Mikhail Mishustin appears keen to see the government adopt a crypto tax law by spring 2020. Per news agency Yonhap, the Korean finance ministry...

New Hampshire Lawmakers Vote Down Crypto Tax Bill

16.1.2020
New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments

Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

14.1.2020
In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions...

Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries

13.1.2020
Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among...

EU Countries Commence Crypto Regulations as Mandated by New Directive

11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...

Crypto Tax Reporting Failures Can Be Expensive, Even Criminal

8.1.2020
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you

Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar

7.1.2020
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with...

Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting

6.1.2020
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital

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:...

Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...