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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
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”