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Major Crypto Exchanges Lament Outsized Scrutiny From US IRS
3.3.2020
Major crypto exchanges fear that U.S. regulators see the industry as far more dangerous than it really is, posing major obstacles to development
From Taxes to Transparency: The IRS Gets Schooled on Crypto
3.3.2020
A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation
Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades
3.3.2020
Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes
The BCH Question: How to Recover After $30M Hack and Mining Tax Row?
1.3.2020
Security expert backs BCH following $30-million hack: “BCH is based on the same principles as BTC. The most vulnerable element is still a human.”
South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform
26.2.2020
Bithumb users can now instantly move Bitcoin and Ether to Bithumb Global with zero fees
New Zealand Proposes to Free Crypto From Some Taxes to Promote Growth
25.2.2020
New Zealand’s new proposed taxation systems considers excluding crypto from certain Goods and Services tax provisions
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
Gemcoin Founder Admits to Fraud in $147 Million Scheme
20.2.2020
Gemcoin mastermind faces 10-year prison sentence over $147 million cryptocurrency scheme
IRS Invites Cryptocurrency Advocates to March Summit
19.2.2020
Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement”
The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month
18.2.2020
The IRS will hold a summit to better inform its thinking around taxing cryptocurrencies next month
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
Russia Leads Multinational Stablecoin Initiative
14.2.2020
Could Russian lead BRICS countries in finding innovative solutions to the functioning of the current global framework in transitioning to green economies
Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?
14.2.2020
As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor...
Blockfolio and TokenTax Join Forces to Make Taxes Easier
14.2.2020
Blockfolio users can now import their existing crypto portfolios into TokenTax’s automated software
IRS Does Not Consider Fortnite Money as Virtual Currency After All
13.2.2020
The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency
IRS Says No Taxes on Gaming Cash, Crypto Regulation Remains Hazy
13.2.2020
U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies.
The website...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
10.2.2020
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also...
DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
9.2.2020
This week, the Let's Talk Bitcoin! Show gathered to discuss the US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...