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New Zealand Rules Receiving Income in Bitcoin is Legal, Taxable
12.8.2019
New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed
Hodler’s Digest, Aug. 5–11: Naughty North Korea, India’s Bombshell, LTC Flops
11.8.2019
In this week’s Hodler’s Digest, Litecoin’s halving fails to boost prices — and the scale of North Korea’s crypto hacks emerges
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
Crypto Tax Bill Introduced in the US House of Representatives
7.8.2019
A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations
Israel’s Bitcoin Investors Unable to Pay Taxes Due to Deposit Refusal by Banks
7.8.2019
The Bitcoin investors in Israel are finding it hard to pay their taxes because Israeli banks are refusing to accept deposits acquired from digital currency investment returns. As reported yesterday by Israel’s local news outlet Haaretz, the banks in Israel are worried that the profits gained from...
From Spartacus to Satoshi: A Brief History of Economic Rebellion
7.8.2019
Government dominance of human beings via slavery and violent economic oppression is as old as government itself. For thousands and thousands of years kings and rulers, usually held to be “appointed by God,” have used free, non-violent individuals as their tax farm livestock to exploit...
UK’s Tax Authority Requests User Data From Crypto Exchanges: Report
6.8.2019
UK tax service has reportedly requested that crypto exchanges provide it with user info to track down tax evasion
More Cities and Regions Accepting Coins for Taxes, Services
6.8.2019
Cryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and...
Israeli BTC Investors Can’t Pay Taxes as Banks Refuse Deposit
6.8.2019
Bitcoin investors in Israel are unable to pay their taxes because banks do not accept deposits deriving from crypto trading
Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up
6.8.2019
Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds
Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event
5.8.2019
The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters...
Reddit Roasts the IRS: Have America’s Tax Collectors ‘Gone Crypto Fishing’?
30.7.2019
In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by...
10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
27.7.2019
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August....
IRS Says It Is Sending Warning Letters to US Cryptocurrency Owners
26.7.2019
The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings
Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions
25.7.2019
Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....
Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report
25.7.2019
Venezuelan President Nicolás Maduro and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions
The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn
25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...
Georgia Exempts Crypto Trading from VAT, Agrees that Crypto is Currency and Not Commodity
13.7.2019
It has been a long debate among regulators worldwide on whether cryptocurrencies should be regarded as commodities like Gold and Silver or as currencies like USD and GBP. The question is particularly important because it decides the future of crypto and crypto trading. Taking a stand on the matter...
Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
13.7.2019
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation...
A History of Violent Intervention: John McAfee to Help Cuba Resist US Sanctions With Crypto
10.7.2019
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state...