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The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn
25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...
Georgia Exempts Crypto Trading from VAT, Agrees that Crypto is Currency and Not Commodity
13.7.2019
It has been a long debate among regulators worldwide on whether cryptocurrencies should be regarded as commodities like Gold and Silver or as currencies like USD and GBP. The question is particularly important because it decides the future of crypto and crypto trading. Taking a stand on the matter...
Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
13.7.2019
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation...
A History of Violent Intervention: John McAfee to Help Cuba Resist US Sanctions With Crypto
10.7.2019
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state...
US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress
10.7.2019
U.S. Congressman Tom Emmer has reintroduced his forked assets bill, an effort started in 2018 ostensibly to lessen the burden on crypto tax payers
IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity
9.7.2019
United States Internal Revenue Service allegedly hopes to require tech giants such as Google and Microsoft to silently share crypto-related activity by users: Report
IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users
9.7.2019
A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...
Avoid State Taxes on Crypto With US Supreme Court’s Recent Trust Decision?
6.7.2019
Some investors put crypto in a trust that holds crypto assets. What are the specifics? A Tax lawyer comments
Kevin O'Leary: Crypto ‘Crap’ Is Not Compliant, Rogue Currency
3.7.2019
Squawk Box’s Kevin O’Leary criticized “crypto crap” as being noncompliant and unregulated
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
27.6.2019
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This...
Bitcoin Prices Could Make Paying Taxes in Bitcoin Even More Attractive
23.6.2019
How could bitcoin prices influence paying taxes in bitcoin? An expert take from a tax lawyer
Bitcoin Prices Could Make Paying Taxes in Bitcoin Even More Attractive
23.6.2019
How could bitcoin prices influence paying taxes in bitcoin? An expert take from a tax lawyer
Republic of San Marino Issues Regulatory Policies on Tokens, Token Offerings
7.6.2019
San Marino’s regents have set regulatory guidelines in their decree on blockchain technology in business, setting policy for ICOs involving security and utility tokens
US Congressman Seeks Tax Clarity for Cryptocurrencies
6.6.2019
A U.S. congressman proposed tax breaks for cryptocurrencies, arguing that current IRS codes are unreasonably demanding and deterrents to blockchain businesses
Japan: Tax Authorities Say Crypto Traders Owe Them $93 Million
5.6.2019
Tax authorities in Japan say cryptocurrency traders have failed to report gains valued at $93 million over the past several years
Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
5.6.2019
Belarus remains worried about crypto’s role in cybercrime and tax evasion, according to comments from the country’s general prosecutor
California CPAs Push for Crypto Accounting Clarity
4.6.2019
Accountants want to fill gaps in the U.S. GAAP when it comes to cryptocurrencies
Crypto-Italy: Institutions, Politics, Business and Society
26.5.2019
Is Italy going “crypto”? Some significant changes have been affecting institutions and politics before today’s 2019 European elections — a survey on the status of the blockchain revolution in the Bel Paese
Israeli court says cryptocurrencies are asset not currency and are liable to taxes
23.5.2019
The Israeli court has declared all the digital currencies, including Bitcoin should be considered as a taxable asset rather than currencies as per the report surfaced on 21st May in a local news website. The judgment was delivered to the case in which an Israeli startup founder argued with the...
Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains
22.5.2019
An Israeli judge has ruled that bitcoin is an asset and not a currency