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Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
18.10.2020
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Korean blockchain lobby calls for crypto tax plan to be put on ice
16.10.2020
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023
S Korean Industry Group Asks Seoul to Suspend Crypto Taxes until 2023
15.10.2020
Source: Adobe/Андрей Яланский
The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.
Per ZDNet Korea...
Spain's new bill proposal complicates crypto for citizens
13.10.2020
Spain’s new anti-tax fraud bill includes crypto implications
OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
12.10.2020
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales
Money Reimagined: Trump, Crypto and Fairer Taxes
2.10.2020
Trump's tax returns show the unfairness of the tax system and the need for reform. Blockchain governance offers some ideas
Coinbase Reportedly Warns Some UK Users It’s Handing Their Details to the Taxman
2.10.2020
U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority
New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
29.9.2020
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says...
New Zeland's tax authority grills companies for info on crypto users
28.9.2020
If it's a taxable event, authorities want to know
Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin
24.9.2020
The draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes
Israeli regulators propose Bitcoin be taxed as a currency, not an asset
24.9.2020
“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states
Russian ministry proposes criminal charges for failure to report crypto tax
24.9.2020
To ban crypto or to tax, that seems to be the question
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...
Illicit crypto transactions are getting more attention from the government
19.9.2020
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity
Law Decoded: Governments vs. blockchain privacy, Sept. 4-11
11.9.2020
Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain
Targeted by IRS? What Cryptocurrency Owners Should Know
9.9.2020
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How...
IRS doubles down, investing another quarter million dollars into tracking crypto transactions
9.9.2020
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right
European crypto tax firms merge in bid to expand to North American markets
8.9.2020
Another crypto merger targets tax reporting
Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year
4.9.2020
Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims to “promote and simplify the use of cryptocurrencies...