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Russian Finance Ministry, Central Bank at Loggerheads over Crypto Tax - Report
15.4.2021
The Russian Ministry of Finance and the nation’s Central Bank are still at odds over crypto tax laws, per a local media report.
According to Interfax, an anonymous “source familiar with the talks” between the two parties, who must forge the nation’s crypto policy, “cannot agree” on a number of...
South Korean City Goes to War with Tax Evaders, Will Seize their Crypto
14.4.2021
The South Korean city of Gyeongju, in North Gyeongsang Province, has announced that it will investigate tens of possible cases of suspected tax evasion to see if high tax-band individuals are concealing their money in crypto – with token “collection and seizures” possible.
Per Gugkje News, the city...
Spanish Tax Authority Issues 14,800 Warning Letters to Cryptocurrency Holders
13.4.2021
Spanish authorities are enforcing their tough stance on the cryptocurrency industry, and the national tax agency seems to be taking it very seriously. Now, the Hacienda issued 14,800 warning letters to Spaniards under their watch for allegedly having failed or need to declare crypto holdings. Fines...
South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’
10.4.2021
Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government...
Trezor's Plans, Spain's Crypto Tax Warning, Thai SEC & Binance + More News
9.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Wallet news
Trezor announced four things set to come out this year: Trezor Suite Mobile app for Android, Bitcoin Full Node, CoinControl, and Child...
Yellen & Global Tax Plan, Russian Crypto Consultation, Indian NFT Marketplace + More News
5.4.2021
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
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Tax news
Janet Yellen will use her first major address as US Treasury secretary...
US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
4.4.2021
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years...
IRS authorized to access information on Circle's crypto traders to nab tax cheats
2.4.2021
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020
With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS
1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...
Judge Hands Convicted Crypto Tax Evader 3-Year Suspended Jail Sentence
1.4.2021
A Japanese man who was found guilty of crypto-related tax evasion earlier this month has been handed a fresh three-year suspended jail term and ordered to pay a fine of around USD 163,000 after hiding his bitcoin (BTC) earnings from the authorities.
In a high-profile case, Hideji Matsuda,...
Digital Euro Summer, Enjin Filled With Millions, Biden's USD 2T Tax Plan + More News
31.3.2021
Joe Biden. Source: A screenshot, Instagram/joebiden
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CBDCs news
The President of the European Central Bank (ECB), Christine Lagarde, has stated that...
Mini Bitcoin Futures, UK Crypto Tax Guide, Michael Jordan & NFTs + More News
30.3.2021
Source: Adobe/Игорь Головнёв
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Exchanges news
Major derivatives marketplace CME Group said it will expand its suite of crypto derivatives with...
Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons
30.3.2021
Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says...
Cathie Wood: BTC investors shouldn’t transact until tax code changed
25.3.2021
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest
Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official
24.3.2021
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid...
Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’
21.3.2021
The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
Would a US wealth tax push millionaires to Bitcoin adoption?
18.3.2021
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
18.3.2021
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.
Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto and freezing...
Unfortunate Bitcoin Suisse, Fed Rates, Delayed Tax Season + More news
17.3.2021
Fed Chairman Jerome Powell. Source: a video screenshot, Youtube, NBC News
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Regulation news
The Swiss Financial Market Supervisory Authority (FINMA)...