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Swiss Resort Town Zermatt Accepts Bitcoin for Government Services
30.1.2020
Zermatt, a municipality in Switzerland at the foot of the Matterhorn known for its ski resort, has started accepting bitcoin for government services. The Zermatt town hall now has a point-of-sale solution, installed by Zug-based Bitcoin Suisse, to accept the cryptocurrency. A spokesperson for...
Spanish Tax Agency to Step up Bitcoin and Altcoins Monitoring Efforts
30.1.2020
A Spanish tax agency says it intends to intensify its scrutiny of cryptocurrencies in 2020.
In an official communiqué released by the Agencia Estatal de Administración Tributaria (AEAT), the nation’s top tax authority, called monitoring cryptocurrencies “one of this year’s most demanding...
Are You Ready for the New Crypto Tax Season?
29.1.2020
Crypto tax season has started: Here are Cointelegraph’s tips for easy and accurate reports
City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
29.1.2020
The Swiss municipality of Zermatt is now the second city in Switzerland where taxpayers are officially allowed to pay their dues in Bitcoin
India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency
29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...
Bitcoin Cash Dev Tax Still Might Go Live Despite Roger Ver Revokes Support
29.1.2020
Bitcoin.com, an operator of a Bitcoin Cash (BCH) mining pool, said it will not support the so-called “dev tax” and will be working on another plan. However, some developers warn that the “dev tax” might still be implemented.
“The dev tax is wounded, but not dead,” developer Peter Rizun, who...
Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax
28.1.2020
Roger Ver’s Bitcoin.com backs down from proposed mining tax for BCH
Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement
28.1.2020
The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash...
Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly
27.1.2020
Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers...
Dubai Launching Crypto Valley in Tax-Free Zone
26.1.2020
A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups...
BCH Community Leaders Bitcoin.com and Jonald Fyookball Clarify Positions on Funding Proposal
26.1.2020
Since Btc.top founder Jiang Zhuoer revealed an infrastructure funding proposal from five major mining pools last week, which would fund BCH devs via redirection of 12.5% of BCH coinbase rewards, the Bitcoin Cash community has been understandably bustling with debate, discussion, and suggestions....
Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
25.1.2020
Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed”
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community
24.1.2020
Four Bitcoin Cash pool operators are forcing through a developer tax proposal on mining rewards
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud...
Uzbekistan to Throw its Doors Open to Tax-free Cryptocurrency Trading
22.1.2020
Uzbekistan’s president has produced a draft decree that will see tax authorities in the country waive taxes on cryptocurrency trading and transactions – for both Uzbeks and non-nationals living in the country.
As previously reported, the government has been keen to implement the new measures –...
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...
UK Tax Agency to Pay $100K for Blockchain Surveillance Software
21.1.2020
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software...
Britain’s Tax Agency Cracking Down on Crypto Tax Evasion
21.1.2020
Britain’s highest tax authority, Her Majesty’s Revenue & Customs (HMRC), has issued a request for blockchain analysis tools. The main goal, per the request, is to find and implement technology that allows the government to track and tax cryptocurrency users.
The problem facing the British...