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The Challenge of Taxing Proof-of-Stake
21.8.2020
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value
How BRRRing Money Printers Today Might Lead to Higher Taxes Tomorrow
16.8.2020
Steven Pressman is the Professor of Economics at Colorado State University.
French philosopher Voltaire famously quipped: “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy’s only...
Lukka Co-CEO Explains How Blockchain Data Saves on Taxes
16.8.2020
Why is blockchain reference data important? How can it help save on taxes? Lukka co-CEO Robert Materazzi explains
Novogratz Says Biden and Harris Good for Country, Bad for Markets
15.8.2020
The upcoming election is a big deal for financial markets
Taxes in Petro, Goldman Sachs Sells MoneyGram Shares + More News
13.8.2020
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 adoption news
The mayors of hundreds of Venezuelan cities and regions have voted to allow citizens to pay taxes and fines in...
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
13.8.2020
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed...
Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits
13.8.2020
A proposed capital gains tax cut could be good news for crypto traders in the U.S
Venezuela May Soon Be Collecting Taxes in Crypto
12.8.2020
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Cryptocurrency News From Japan: August 2 - August 8 in Review
8.8.2020
Coincheck's CEO expressed optimism toward the company's upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week
New Kenyan Digital Tax to Affect Crypto Platforms
8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
6.8.2020
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
6.8.2020
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois...
Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards
4.8.2020
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards
US Lawmakers Don’t Want Proof-of-Stake Networks to Get Overtaxed
4.8.2020
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-state networks are taxed, to prevent taxpayers from owing more than they should
Things to Consider When Giving Crypto to Charities or Others
25.7.2020
Here are some important things to know before giving donations in cryptocurrency for charitable purposes
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
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Cryptocurrencies Could Undermine Obsolete Laws, Says Cybersecurity Expert
22.7.2020
According to Pavol Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.”
South Korea Finalizes Cryptocurrency Income Tax of 20%
22.7.2020
South Korea has finalized a new 20% tax rate for income generated from crypto trading