2020-1-26 00:27 |
Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed”
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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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On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […]
2019-8-9 19:46 | |
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By now, most crypto investors know that the United States government has begun to crack down on the crypto industry, and has begun targeting those who have used Bitcoin and other crypto-assets for illicit crime.
2019-8-9 04:00 | |
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As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News. Bitcoin. com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India.
2019-8-7 09:35 | |
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Singapore is currently making a move that may help the local crypto community a lot. The country is planning to exempt some digital currencies from a tax called Good and Services Tax. The idea is that this could benefit several crypto-related businesses and help the growth of the industry in the country. An expert from […]
2019-7-30 06:17 | |
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Like change and tax, some things are just inevitable. Anthony Pompliano will continue to ring in his “Long Bitcoin, Short the Bankers,” motto, Nouriel Roubini will find another aspect of the crypto industry to rant about and Justin Sun, will just not shut up about Tron.
2019-7-27 19:00 | |
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Since the inception of the crypto industry nearly a decade back, various regulators across the globe have been faced with the task of taxing digital currencies in a way that is not only fair but also quite streamlined.
2019-7-13 19:37 | |
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The U. S. is increasingly running the risk of being left behind other nations unless its authorities soon address issues surrounding Bitcoin. One of the main problems facing the cryptocurrency is tax treatment.
2019-7-10 05:30 | |
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According to the Wall Street Journal, The Internal Revenue Service (IRS) is expected to update its guidance on Bitcoin tax treatment within weeks. In the meantime, members of the U. S. Congress fear that the U.
2019-7-7 23:37 | |
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Australia, a market leader in digital asset accommodation has contributed strongly to this space since the bull run in Q4 of 2017. This atmosphere is generally good for the blockchain and crypto industry as more enthusiasts look for regulatory friendly destinations to implement their ideas.
2019-6-24 21:53 | |
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By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders.
2019-6-14 15:51 | |
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Drawing Comparisons Between Traditional Finance and the Digital Asset Industry Because cryptocurrency, in certain ways, is being integrated into the traditional financial markets, there are times when parallels are drawn between the cryptocurrency industry and mainstream financial institutions which also highlights reasons why people are drawn to cryptocurrency in the first place and there are […]
2019-6-13 18:32 | |
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Bitcoin Is An Asset, Not A Currency, According To Israeli Courts In Israel, a court ruled that Bitcoin and other cryptocurrencies are considered assets, rather than currencies. Founder of DAV. Network will be forced to pay over $830,000 in taxes from his revenue incurred between 2011 and 2013.
2019-5-22 22:08 | |
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Founder And CEO Of Kauidi Dache Shows Concern About Use Of EOS CEO of Chinese tax hailing app criticizes the lack of decentralization in EOS. The EOS blockchain network focuses on scalability above decentralization, which has earned it many critics.
2019-5-22 01:24 | |
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Minnesota Congressional Representative Tom Emmer has announced plans to reintroduce a bill meant to “provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance.
2019-5-17 18:34 | |
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By CCN. com: CCN sat down recently with one of crypto’s biggest lending firms to hear insights into the emerging crypto-lending industry. Antoni Trenchev, co-founder of Nexo, discussed the millennial mindset when borrowing, as well as upcoming trends in his field.
2019-5-6 12:09 | |
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Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.
2019-4-23 17:42 | |
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The US Congress will soon officially ban the IRS from offering its own tax filing service, according to reporting by ProPublica, a non-profit news agency. Probably. Advocates of a free, government-sponsored tax filing service have long argued that the current system doesn’t do justice to the millions of taxpayers making under $66,000 per year who actually shouldn’t be paying anything to file their taxes.
2019-4-10 09:42 | |
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Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly.
2019-4-4 21:50 | |
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Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.
2019-3-28 19:04 | |
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SEC Asks For Feedback Regarding Crypto Assets Custody The creation of laws by a nation’s government can either enable the growth of an industry or stifle it. This can be seen with states like Ohio accepting Cryptocurrency for tax payment and in places like China banning Cryptocurrency altogether. As such, many of these nations are […]
2019-3-19 20:48 | |
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The blockchain and cryptocurrency industry is here to stay, and governments around the world are finally establishing the frameworks… The post French Minister Wants France To Become a “Blockchain Champion”… Yet the Country Keeps Its 30% Tax on Crypto appeared first on Invest In Blockchain.
2019-3-20 20:24 | |
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Spotify has lodged a formal complaint with antitrust investigators at the European Commission (EC), over Apple’s “unfair” policies, including a predatory 30% “tax” on its competitors.
2019-3-14 23:00 | |
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Ernst & Young, one of the world’s largest business services firms, and one of the “Big Four” accounting companies, is launching a tool to make bookkeeping for cryptocurrencers a little easier.
2019-3-5 15:36 | |
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Camuso is a CPA firm with a tax preparation division that aims at enhancing the growth of the cryptocurrency industry by providing tax, finance, and accounting services that cater for investors, miners, taxpayers and small businesses that deal in cryptocurrencies.
2019-3-2 22:41 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.
2019-2-22 01:23 | |
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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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The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.
2019-2-15 22:18 | |
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Early Bitcoin believers ventured into the digital currency industry because of its autonomy and anonymity. But the anti-establishment attitude cannot help the sector grow, according to Bittax. The Israel-based crypto tax specialist said that most people would not pay taxes off their crypto-based capital gains.
2019-1-30 20:38 | |
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Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times.
2019-1-28 00:00 | |
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Singapore Law Ministry Announces The Cryptocurrency Is Not Considered Legal Tender, Warning Companies Not To Accept As Payment Cryptocurrencies have been working to find their place in various jurisdictions as countries around the world categorize them for tax purposes, payments, and more.
2019-1-24 22:08 | |
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The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia.
2019-1-10 17:26 | |
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As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.
2019-1-3 20:53 | |
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Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax measures apply to crypto, which essentially falls under existing taxation schemes.
2018-12-21 22:00 | |
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A Tip-Off From Finland Sends Denmark Tax Agency After 2,700 Individuals For Tax Debts Against Bitcoin Regulatory concerns have been part of the crypto industry more commonly for the last few years, and multiple countries are looking to figure out how to integrate these assets into their economy. One of the biggest issues for Denmark […]
2018-12-12 22:15 | |
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Japanese Lawmaker Proposed To Ease Crypto Tax Burden With 4 New Changes Many crypto investors complain that they are too taxed for holding and trading crypto. According to them, the tax regulation for the industry is simply not good at all.
2018-12-10 21:54 | |
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The Norwegian Government recently multiplied the electricity tax rate for data centers extracting cryptocurrencies as they believe that the cryptocurrency industry generates very little value and jobs for the nation.
2018-11-29 16:00 | |
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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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Regulators from all over the world have been waking up to cryptocurrency regulation this year and it seems the Bahamas are the latest to open their eyes. The Central Bank of the Bahamas (CBOB) has published a regulatory framework in preparations to integrate cryptocurrency-based assets into its financial services industry, according to the Nassau Guardian.
2018-11-9 18:06 | |
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Following the 2018 midterm elections, the U. S. will see two new pro-Bitcoin governors sworn into office. Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018.
2018-11-7 20:44 | |
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Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE).
2018-10-30 00:44 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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CryptoNinjas Voyager Digital Holdings, a new and licensed commission-free crypto asset brokerage, today announced that it has teamed with Silver Cost Basis, a provider of business and technology solutions for the investment services industry,.
2018-10-16 18:44 | |
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Cryptocurrency investors in Israel can heave a sigh of relief as the government looks for alternative and more transparent ways to calculate taxes for the industry which will lead to “real tax calculation.
2018-10-10 00:11 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-8 21:30 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-10 21:30 | |
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Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.
2018-10-6 16:37 | |
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The newly elected co-chair of the Congressional Blockchain Caucus, U. S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets.
2018-9-22 18:10 | |
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Dash, Zcash, Monad, and Ethena lead today's crypto gains as privacy protocols and DeFi infrastructure signal a shift toward utility-driven market recovery.
Privacy coins dominate 7-day crypto gains as Dash surges 129%, Monero climbs 53%, and infrastructure tokens ICP and Chiliz post double-digit weekly rallies.
AEON, a crypto payment and settlement network positioning itself for the emerging AI economy, has partnered with Dash to integrate the $DASH token across its global payments infrastructure. The move is aimed at expanding Dash’s real-world utility while strengthening AEON’s role as a bridge between digital assets, everyday commerce, and future AI-driven payment systems. Under […]
Dash and Story Protocol driving today's crypto gains with legacy privacy tokens and AI infrastructure assets gaining double-digits more than the market.
DASH jumped 54% in 24 hours to $85.96 as trading volume surged to $1.29 billion. The privacy coin led a broader rally in the sector following OKX relisting and Alchemy Pay integration. The post DASH Surge 54%, Leads Privacy Coin Rally Ahead of Monero, Zcash appeared first on Coinspeaker.
Privacy coins such as Dash and Monero experience a surge of more than 20% as investors value financial privacy and utility in the current crypto market rally.
The cryptocurrency market has been witnessing an exciting surge in recent weeks, with several altcoins gaining traction as Bitcoin (BTC) approaches $100K. Among these, Dash (DASH) stands out, hitting a five-month high as its bullish momentum accelerates.