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Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship
28.12.2019
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...
Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell
24.12.2019
Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to...
Are Tax Moves to Puerto Rico Worth It for Crypto Holders?
20.9.2019
Some in the crypto community have embraced moving to Puerto Rico for tax reasons. Our tax expert explains whether or not it is worth it
IRS Sends New Round of Letters to Bitcoin and Crypto Holders
25.8.2019
Here we go again? Did you get the CP2000 notice from the U.S. IRS? Here is what you should know
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
17.8.2019
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February...
US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter
14.8.2019
Did you get letter 6173 from the IRS? You only have a few days to reply
Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications
25.6.2019
The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers)...
Crypto Holders Can Now Withdraw Cash From Any VISA Integrated ATM Using 2gether Card
25.5.2019
It is a moment of rejoicing for crypto holders as they can now withdraw cash in return for their tokens. All you need is a 2gether Card and a VISA-friendly ATM. This is a first of its kind initiative, which allows users to convert crypto to fiat and withdraws it from ATMs. However, these services...