How Blockchain Will Track Taxes (and Tax Cheats)

2020-2-7 22:59

The chairman of the Global Blockchain Business Council is working with others on a way to add transparency and openness to taxes.

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Ohio Suspends Bitcoin Tax Payment Services

In a press release issued on October 2, 2019, Ohio Treasurer Robert Sprague announced the suspension of the OhioCrypto. com website which allowed businesses to file their taxes with bitcoin (BTC. ) A Short-Lived Affair Ohio’s love affair with the premier cryptocurrency didn’t last particularly long as on October 2, 2019, the state’s Treasurer, Robert Sprague, statedRead MoreRead More.

2019-10-4 21:00


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France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat

France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency. According to Bloomberg Tax, France will also introduce a value-added tax (VAT) for transactions where crypto is directly used to purchase goods and services, September 12, 2019.

2019-9-13 17:00


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Moonday Mornings: The US is suing a cryptocurrency exchange owner to the tune of $100M

Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports.

2019-7-29 10:55


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Denmark Government Looking to Forfeit Taxes related to Cryptocurrency Trading

According to a statement published by the tax agency of Denmark, Monday (Jan 14), cryptocurrency trading will soon be taxed in Denmark. Furthermore, the country’s tax agency is now fully authorized to conduct information requests relating to cryptocurrency trading New Authority Seemingly, the Danish Tax Authority has made the move after receiving information from their Finnish counterpart in December 2018.

2019-1-16 04:00


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U.K.’s Tax Authority Releases Taxation Guidelines for Local Cryptocurrency Holders

Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency.

2018-12-23 03:00


Popula News Article Gets Forever Ethereum Blockchain Placement With Civil’s Help In World’s First

News Article Is Stored On The Ethereum Blockchain With the Help From Civil A first has happened using the Ethereum blockchain. A news article has been completely stored on the blockchain. The editor of Popula, Maria Bustillos, a journalist-owned site, has recently announced that an article from the Death and Taxes magazine’s site was stored […]

2018-12-22 21:22


Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.

2018-12-3 19:48


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Huobi Big Data Report: Blockchain Voting for U.S. Military, Switzerland Launches World’s First Crypto ETP

Huobi published its report for the week running from Nov. 11th to Nov. 18th and it is marked by a decrease in digital asset prices. The report also focused on several other issues including the industrial application of blockchain technology, the use of cryptocurrencies by risky personalities, the possibility of paying taxes using cryptocurrencies, and […] Huobi Big Data Report: Blockchain Voting for U.

2018-11-26 12:59


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Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax

It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them pay taxes, reported Finance Magnates on November 20, 2018.

2018-11-22 01:00