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IRS to summon users who don't report and pay tax on crypto transactions
23.9.2022
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
23.9.2022
The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions
South Korean Taxman Has Seized $186m Worth of Crypto from Tax Dodgers in Past 2 Years, Says Gov’t
22.9.2022
South Korean tax authorities have seized over $186 million in crypto from tax-evading individuals since 2021.
According to data released by the Ministry of Strategy and Finance, the Ministry of Public Administration and Security, the National Tax Service, and 17 cities and provinces nationwide...
Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Banking Giant Launching VC for Crypto Investments, Paying Taxes With Crypto in US, EOS Independence + More News
21.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Banking Giant Launching VC for Crypto Investments, Paying Taxes With Crypto in US, EOS Independence + More News
Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised
20.9.2022
The Colorado Department of Revenue offers tax payment through the PayPal Cryptocurrency Hub for personal taxes; businesses are not eligible yet
P2E gamers, minors not any safer from the tax man, says Koinly
20.9.2022
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists
Binance Grows Fast in India as Home Market Exchanges Forced to Implement 1% Tax
15.9.2022
India’s 1% tax on crypto transactions is causing the country’s crypto traders to flee local crypto exchanges, but some major players are benefiting from this trend. For Binance, the controversial levy has generated additional 429,000 downloads of the exchange’s app last August, its highest result...
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
15.9.2022
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees...
Argentinian Tax Body Closes Net on Illegal Crypto Mining, S Koreans Wouldn’t Date a Bitcoiner + More News
14.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news....
Read More: Argentinian Tax Body Closes Net on Illegal Crypto Mining, S Koreans Wouldn’t Date a Bitcoiner + More News
Argentina’s Tax Authority Conducts First-Ever Raids on Secret Crypto Miners
12.9.2022
According to the agency, three illegal crypto farms with irregularities were uncovered last week in the South American country
Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn
12.9.2022
KuCoin, Gate.io and MEXC Global were in the crosshairs of community members as they expressed their support for the upcoming on-chain LUNC transaction burn
Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine Cryptocurrency Mining Farms
9.9.2022
The Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $600,000 in hardware was found at just one of these locations, and the high level of power consumed helped...
Brazilian Tax Authority Registers Record Number of Cryptocurrency Statements
7.9.2022
The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise...
Australian Treasury consults public on Bitcoin foreign currency tax exclusion
6.9.2022
The public has been provided with 25 days to share their opinion on the proposed legislation
Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account
4.9.2022
The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of...
First Mover Asia: The Michael Saylor Tax Case and What It Means; Bitcoin Wrestles With $20K
2.9.2022
The former MicroStrategy CEO says the District of Columbia’s scrutiny of his tax residency is wrong, but the filing has deeper significance
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million
2.9.2022
The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor...
First Mover Americas: Bitcoin Dips Below $20K; Michael Saylor Gets Sued for Tax Fraud
1.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for September 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
US Inches Towards Bitcoin & Ethereum Accounting Clarity, Leaving NFTs and Stablecoins for Later
1.9.2022
In a bid to develop transparent accounting rules for digital assets, the US Financial Accounting Standards Board (FASB) has revealed what assets the industry body will include in its crypto rule-making project, leaving NFTs and certain stablecoins outside its scope....
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