2021-2-9 04:27 |
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt.
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The revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly.
2020-12-27 10:00 | |
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The world’s largest economy is looking for ways to increase revenues, including taxation of digital assets and cryptocurrencies. During a virtual interview at the OECD’s 2020 Global Blockchain Policy Forum, senior counsel at the Treasury Department, Erika Nijenhuis, stated the U.
2020-11-21 23:38 | |
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The Russian Ministry of Finance intends to make amendments to its tax law in a bid to clarify regulations surrounding crypto taxation. The ministry unveiled this news on November 11 through an article, noting that the proposed changes are necessary for the implementation of the rules embedded in the law on digital financial assets and digital currencies, which the country adopted in the summer of 2020.
2020-11-14 16:47 | |
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Israel is considering making Bitcoin a currency, according to a new bill that was tabled by four members of the Nationalist party Yisrael Beiteinu, which aims to regulate better the taxations of digital currencies in the country.
2020-9-29 15:24 | |
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Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News.
2020-9-26 02:00 | |
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South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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A local publication reported that South Korea’s Ministry of Strategy and Finance aims to introduce taxes for digital assets, with the rate expected to reach 20 percent. The announcement was made during the Financial Parliamentary committee meeting chaired by Minister Hong Nam-Ki on 17th July.
2020-6-18 22:22 | |
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The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation.
2020-5-1 07:41 | |
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You might not know it, but every time you spend cryptocurrency in the US, you are creating a taxable event. Despite digital currencies being convenient payment methods, the nation’s regulators do not treat purely digital representations of value as either legal tender or a foreign currency.
2020-1-21 07:23 | |
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The taxation of crypto assets may well be hindering their adoption in the United States. Deemed a commodity by the CFTC and property by the IRS, each time an individual makes a purchase with a digital currency, they are almost certainly creating a taxable event.
2020-1-17 01:00 | |
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A Congressional bill seeking to exempt daily crypto purchases and transactions from capital gains taxation has been returned to the US Congress. The bill known as “The Virtual Currency Tax Fairness Act of 2020,” seeks to exempt digital currency expenditures that are personal transactions from capital gains taxation. Users will not be required to report […]
2020-1-17 00:18 | |
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Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring regulatory clarity to the world of cryptocurrencies, its neighbor, Canada, currently faces taxation issues.
2019-12-24 11:30 | |
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Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets.
2019-9-19 00:14 | |
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Coinspeaker Digital Tax Europe 2019Experts in the field of taxation from the major business sectors (multiple industries, sectors & markets) will gather to discuss tax policy/strategy issues.Digital Tax Europe 2019
2019-7-18 23:43 | |
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Former US presidential candidate and congressman Ron Paul is a regular critic of the United States Federal Reserve and of the country’s economic policy. In the past, the libertarian politician has spoken out in support of cryptocurrencies, suggesting that making the digital assets exempt from taxation could help avoid a “Fed-created recession.
2019-5-22 04:01 | |
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Government institutions in the United States of America have played a pivotal role in controlling the fate of cryptocurrencies and the digital asset market, in general. One of the main issues that lawmakers and government officials raise is the taxation on cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH], which was discussed again in a recent […] The post US Congressmen urge IRS to provide clarity on cryptocurrency taxation laws in new joint letter appeared first on AMBCrypto.
2019-4-12 17:00 | |
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Blockchain technology is being implemented for smart contracts and even the storage of some important digital documents that would otherwise be cluttering an office somewhere. Considering the security of this type of ledger, the Guangdong Municipal Taxation Bureau has decided to use it for a new platform that allows consumers to view their tax invoice […]
2019-2-18 21:08 | |
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One of the most confusing things regarding cryptocurrencies is taxes. While there is a lack of any real regulations in most countries around the world, governments have still found a way to introduce crypto taxation, and take advantage of traders who are making a profit by dealing with digital currencies. Furthermore, those who have failed […]
2019-2-1 15:47 | |
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Coinbase, the US-based digital asset exchange wrote in a blog post on Thursday about the confusion surrounding taxes in regards to cryptocurrency transactions. The exchange noted that both their customers and the broader crypto community who are US taxpayers need clarity on the issue.
2019-1-26 16:14 | |
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Bittax is a digital platform that calculates cryptocurrency taxation in the best way possible. The platform helps users to bring together their cryptocurrency portfolio without providing any private address or seeds.
2019-1-22 06:32 | |
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Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.
2019-1-16 01:54 | |
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India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
2018-12-28 02:16 | |
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HMRC has issued detailed guidance on taxation obligations for holders of Bitcoin (BTC)-alike digital assets.
2018-12-21 00:02 | |
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HMRC has issued detailed guidance on taxation obligations for holders of Bitcoin (BTC)-alike digital assets.
2018-12-20 16:32 | |
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The U. K. government has said that individual investors will be liable to pay capital gains tax each time they sell crypto assets such as BTC for profit. In new taxation guidelines published Dec.
2018-12-20 04:50 | |
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The UK‘s tax office, Her Majesty’s Revenue and Customs, published details that outlines its stance on cryptocurrency and digital assets, obviously in the name of taxation. In a document titled “cryptoassets for individuals,” spotted by Coindesk, the HMRC highlights how it does “not consider cryptoassets to be currency or money.
2018-12-19 15:03 | |
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A Japanese lawmaker has proposed a number of changes to the current taxation regime in order to encourage adoption of cryptocurrencies in the country, CoinDesk reported. Takeshi Fujimaki, a representative of political party Nippon Ishin, said in a meeting held earlier this month that the country’s tax system should not “crush the future” of digital […]
2018-12-10 12:53 | |
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The Finance Ministry of the South Korean government announced a plan to tax initial coin offerings and digital currencies in accordance with the creation of the taxation infrastructure and international trends.
2018-12-4 14:00 | |
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Leaders of the G20 group gathered in Buenos Aires over the weekend and cryptocurrency was on the agenda. A final communique was published on Sunday to sum up the meeting and part of it called for unified regulations and a global approach to digital currencies.
2018-12-3 11:28 | |
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A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports.
2018-11-26 18:15 | |
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The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority.
2018-11-15 07:35 | |
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According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence.
2018-11-13 02:00 | |
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Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency. ” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service.
2018-10-22 22:30 | |
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Japan’s Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country.
2018-10-20 21:00 | |
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Binance has announced a $2. 5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world.
2018-10-4 17:50 | |
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It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D. C. , on September 11, 2018, to lobby the U.
2018-9-22 22:46 | |
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On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […] The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News.
2018-9-21 04:25 | |
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The tax policies in the United States are complex, and when it comes to cryptocurrencies, they are even more difficult to navigate. Regardless of the government’s stance on digital currencies, taxation laws in the country don’t allow users to make use of their bitcoins.
2018-8-25 21:30 | |
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The South African Revenue Service is currently working to improve the way it tracks cryptocurrency traders and their transactions to determine if they are paying taxes. The service’s commissioner stated that the agency is looking to explore ways to identify parties that are profiting from trading digital assets to see if they are evading taxation. […]
2018-8-20 10:15 | |
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The South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation.
2018-8-19 17:40 | |
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Join the Bitcoin Policy Institute and the Cornell Brooks Tech Policy Institute for a panel discussion on the fascinating insights of Daniel Flatley, Sarah Kreps, Chris Meserole, and Matthew Pines on the intersection of strategic competition and digital currencies.
India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot.
After a sudden surge towards the end of last week and early Monday morning…
The post Squid Game token crashes after Twitter flags its account appeared first on Coin Journal.
A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI).
Digital currencies are quickly gaining traction in the world; but Bitcoin is poised to maintain superior incentives.
