Search
South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
25.2.2020
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders
New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies
25.2.2020
The Inland Revenue Department is considering how best to change its tax regimen so that cryptocurrencies aren't at a disadvantage
IRS Crypto Tax Return Question — Be Careful How You Answer
24.2.2020
If you received, sold, sent or exchanged any virtual currencies last year, the IRS has to know
G20 on Tax, 'Global Stablecoins' and Crypto Market Oversight + More News
24.2.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Finance ministers and central bank governors of the Group of 20 (G20) major economies released a communique after...
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
Aussie Blockchain Startup Tells Gov’t Its Tax Laws Are Stifling ICOs
21.2.2020
Australia needs to rethink its tax policy for initial coin offerings if it wants to compete on the global stage, a local industry leader told the government this week
Tax and KYC Issues Plague Upbit's Foreign Withdrawals, Exchange Says
20.2.2020
South Korean crypto exchange Upbit still bans foreign clients from withdrawing funds
Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme
19.2.2020
Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations
17.2.2020
Crypto exchanges based in Brazil face huge fines or being shut down
Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business
15.2.2020
Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due...
IRS Refused to Clarify That Its Crypto Tax Guidance Isn’t Binding, US Watchdog Says
13.2.2020
The IRS has refused to clarify that part of its 2019 guidance on tax treatment of cryptocurrencies is not binding, a government watchdog said
Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators
10.2.2020
For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also...
DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
9.2.2020
This week, the Let's Talk Bitcoin! Show gathered to discuss the US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...
Tax Friendly Saint Kitts and Nevis Approves Progressive Crypto Bill, Lenient Capital Gains Exemption
7.2.2020
The island country of Saint Kitts and Nevis, located in the West Indies, recently passed a bill that legalizes digital currency assets like bitcoin cash. The act is cited as the Virtual Asset Bill 2020 and it aims to provide the regulation of cryptocurrencies for Saint Kitts and Nevis businesses...
How Blockchain Will Track Taxes (and Tax Cheats)
6.2.2020
The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes
South Korean Bankers, Crypto-advocates Hope to Drive Crypto Tax Law
4.2.2020
South Korea is inching closer to crypto tax legislation after a gathering of bankers, politicians and blockchain industry officials appeared to reach a consensus at a meeting held at the country’s parliament in Seoul.
Per Jose Ilbo, the event was co-chaired by the Korea Blockchain Association,...
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...
Crypto Tax Software Developers Get Serious About System Standards
31.1.2020
A growing number of crypto tax software developers are trying to bolster their products’ technical credibility with the CPA’s stamp of attestation