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Tiny Tax Haven Accounts for $36B of Cross-Border BTC Transactions

12.6.2020
Seychelles-based exchanges moved $36 billion worth of Bitcoin across international borders in 2019

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction

11.6.2020
History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees....

Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses

10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...

10 Tips for Filing Crypto Taxes

7.6.2020
There are only a few more weeks before the U.S. tax season. The 2020 U.S tax season deadline has historicallyContinue Reading The post 10 Tips for Filing Crypto Taxes appeared first on CoinMarketCap Blog

Your Crypto Taxes Can Be Donated to Charity Instead

5.6.2020
Cryptocurrency has become one of the easiest ways to donate to charity without the funds being funneled to third parties

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

4.6.2020
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition...

Japanese Finance Minister May be Opposed to Lowering Tax on Crypto

2.6.2020
Taro Aso might not be willing to support legislation in Japan treating cryptocurrency-related income the same as that for stocks

South Korean Gov’t May Introduce Capital Gains Tax on Crypto Earnings

2.6.2020
The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month. Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto earnings...

South Korea to Start Taxing Bitcoin Profits in 2021

29.5.2020
South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry...

South Korea is Exploring New Crypto Tax Laws

27.5.2020
The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law

Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees

27.5.2020
Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the product on its own employees for 10 months, said workers now have...

South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’

27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.” Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...

Eight Countries That Don’t Tax Your Bitcoin Gains

26.5.2020
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets...

Hacker Attempts to Sell Data Allegedly Tied to Ledger, Trezor, Bnktothefuture Customers

24.5.2020
According to an online monitoring web portal called, Under the Breach, a hacker is purportedly trying to sell customer information that stems from companies like Keepkey, Trezor, Ledger, and even the investment platform Bnktothefuture. The hacker doesn’t seem to have any passwords, but...