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Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
12.11.2020
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
10.11.2020
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen...
Ex-Microsoft Engineer Convicted In Landmark Case Involving Bitcoin Tax Fraud
10.11.2020
In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m.
The convict...
Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing
10.11.2020
The former Microsoft software engineer was sentenced Monday for an elaborate criminal scheme involving bitcoin and digital gift cards
Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud
10.11.2020
A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”
Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users
8.11.2020
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on...
Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
6.11.2020
The demand mimics a play tax enforcers at the IRS deployed against Coinbase
John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges
31.10.2020
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon...
Tax professional explains the most important thing for US crypto holders
29.10.2020
Tax season is confusing, especially when it comes to crypto
PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
26.10.2020
PayPal opening its network to cryptocurrencies could create a serious tax headache for users
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
26.10.2020
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
26.10.2020
A report suggests the action may be over the firm's digital currency, Masterbucks
Will PayPal’s crypto offer turn into a tax nightmare?
22.10.2020
U.S. capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
Bitcoin Critic Peter Schiff’s Bank Under Spotlight in Global Tax Probe
19.10.2020
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion
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