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Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion
21.1.2020
As cyber crimes evolve, Britain’s tax agency pursues new tech to combat growing tax evasion using crypto
South Korea Considers 20% Crypto Tax
20.1.2020
Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal
South Korea Mulls 20% Crypto Tax Plan, Russia Also Wants to Tax Tokens
20.1.2020
The South Korean government is reviewing a proposal that could see it introduce a tax on cryptocurrencies. Meanwhile, new Russian Prime Minister Mikhail Mishustin appears keen to see the government adopt a crypto tax law by spring 2020.
Per news agency Yonhap, the Korean finance ministry...
Chinese Blockchain-Based Mobile Payment Revolution: How Is the Biggest CO2 Polluter Becoming Leading World Solar Panels Producer
20.1.2020
China leads the blockchain-based mobile digital payment revolution, expert take
South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies
20.1.2020
South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions
New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails
17.1.2020
New Hampshire state representatives have killed the legislature’s second attempt to accept crypto tax payments, saying that Bitcoin’s volatility is too high
Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...
2019’s DeFi Boom Creates New Questions for Tax Filing Season
17.1.2020
A number of startups are now trying to help retail investors make sense of the tax implications of decentralized finance
US Lawmakers Try Again on Tax Relief for Small Crypto Payments
16.1.2020
House Representatives’ bipartisan legislation would exempt realized crypto gains under $200 from taxation
New Hampshire Lawmakers Vote Down Crypto Tax Bill
16.1.2020
New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments
Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill
16.1.2020
Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill
Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill
16.1.2020
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions
Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia
14.1.2020
In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions...
Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries
13.1.2020
Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among...
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
Crypto Tax Reporting Failures Can Be Expensive, Even Criminal
8.1.2020
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you
Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar
7.1.2020
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with...
Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
6.1.2020
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital
South Korea Drafting Legislation To Tax Individual Crypto Profits
2.1.2020
South Korea is working on legislation to tax crypto profits
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...