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IRS tax form question leaves US crypto users confused and concerned
17.12.2020
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year
Ethereum 2.0 Has Another Mystery - Taxes
15.12.2020
As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then. Yes, it’s taxes. And the only thing that’s clear is that there’s no regulatory clarity on how...
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
13.12.2020
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion...
Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes
11.12.2020
Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.5 million). At the same time, the country still faces a 35% inflation....
10 Predictions for 2021: China, Bitcoin, Taxes, Stablecoins and More
9.12.2020
2020 was an awful year for the world but a breakthrough one for crypto writ large. Here are 10 trends to watch for next year
Thai tax collectors to streamline revenues with blockchain tech in 2021
7.12.2020
Blockchain will reportedly make tax evasion more difficult in Thailand
South Korea to delay new tax regime on cryptocurrencies until 2022
1.12.2020
The postponement follows a successful lobbying campaign by local crypto advocates
Exchanges outdo auctions for governments cashing in criminal crypto, says exec
27.11.2020
Governments are increasingly liquidating crypto assets seized in criminal investigations
Russian prime minister proposes legal steps to bring order to crypto market
26.11.2020
Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code
DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition
25.11.2020
Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says
Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M
25.11.2020
Cash App will make the DIY tax-prep software available for free to its 30 million monthly users
South Korean government to delay crypto-tax rules by three months
25.11.2020
Following lobbying by the Korean Blockchain Association, crypto exchanges are given extra time to implement a new tax infrastructure
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
24.11.2020
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all
Lithuanian tax service’s first confiscated crypto sale nets $7.6M
24.11.2020
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro
IRS Again Warns Crypto Investors They Under-Reported Gains
24.11.2020
For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But there may false alarms again
Friendliest of them all? These could be the best countries for crypto
23.11.2020
The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits
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
Big Macs for stacking Sats: Bad Crypto news of the week
14.11.2020
Check out this week’s Bad Crypto podcast
U.S. law firm says IRS is coming after Coinbase users who evade taxes
11.11.2020
Once an IRS investigation or audit is opened, it's too late to make amends, warn tax lawyers
How the IRS tracks down people who don’t report their crypto
30.10.2020
The United States tax authority doesn't seem to be very efficient when it comes to tracking down who owes crypto taxes — for now