U.S. Congress appeals for a fair tax on crypto staking rewards

2020-8-6 23:01

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.

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Источник: cryptoslate.com

tax rewards → Результатов: 13

U.S. Congress appeals for zero tax on crypto staking rewards

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for zero tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.

2020-8-6 23:01	Regulation
rewards tax congress letter staking zero revealed

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Bitcoin Cash Miner Revises Rewards Tax, Community Still Skeptical

On Feb. 1, 2020, Jiang Zhuoer of BTC.TOP, the operator of a powerful mining pool in the Bitcoin Cash ecosystem, revised his stance on the controversial miners’ donation. He had...The post Bitcoin Cash Miner Revises Rewards Tax, Community Still Skeptical appeared first on Cryptocurrency News.

2020-2-3 10:40	Bitcoin Cash
bitcoin cash still skeptical community revises miner

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Bitcoin Cash Miner Tax Suggested by Litecoin’s Charlie Lee

In an attempt to make money for developers of Bitcoin Cash (BCH), a group of miners have suggested that a 12. 5 percent tax be imposed on block rewards. This suggestion was mainly met with skepticism due to its coercive nature, but Litecoin’s Charlie Lee has suggested a less forceful alternative.

2020-1-26 08:29	Roger Ver
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Litecoin?s (LTC) Charlie Lee Suggests Miners Donate One Percent of Block Rewards: Details

The Litecoin founder supports the idea of the tax for miners suggested by the BTC.TOP CEO recently but in a different way ? it should be voluntary

2020-1-25 12:08
miners litecoin ceo btc voluntary should different

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Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community

Four Bitcoin Cash pool operators are forcing through a developer tax proposal on mining rewards

2020-1-26 22:18	Bitmain
tax cash bitcoin mining forcing through developer

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Bitcoin Cash Proposed Miner Tax Could be a Suicidal Move

It has been suggested by BTC.Top CEO Jiang Zhuoer and a cartel of other miners, that a 12.5 percent tax be imposed on Bitcoin Cash (BCH) block rewards for development fees on the protocol. This comes with a threat of orphaned blocks for those who don’t adhere to the payment and an overarching feeling of […] The post Bitcoin Cash Proposed Miner Tax Could be a Suicidal Move appeared first on BeInCrypto.

2020-1-24 16:10	Roger Ver
bitcoin cash tax miner proposed could suicidal

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Bitcoin Cash Miners Preparing Controversial “Miner Tax” to Reward Devs

Miners on the Bitcoin Cash network appear to be preparing a plan to finance the protocol’s development using their own block rewards. The controversial plan would see 12. 5 percent of the total BCH coinbase go towards those building on the network.

2020-1-23 01:00
bitcoin network plan miners preparing controversial cash

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Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike

Japan’s recent October sales tax increase took the rate from 8% to 10%, the previous such hike occurring in April of 2014, when the rate was raised from 5%. The increase is accompanied this time around by new government policy which rewards cashless payments by allowing merchants to provide effective “cash back” of up to […] The post Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike appeared first on Bitcoin News.

2019-11-15 10:28	News
tax hike payments japan cashless increase rate

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The Bait Of PoS Tokens And Why Taxing Them Can Easily Lead To A Negative Balance

The Bait Of PoS Tokens And Why Taxing Them Can Easily Lead To A Negative Balance Apparently, the lure of PoS cryptocurrencies yielding annual rewards seems to be another farfetched fallacy and a huge tax burden.

2019-4-30 23:01	Proof of Stake
pos lead negative easily balance bait tokens

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Burnt At The Stake: Why PoS Cryptocurrency May Leave You Feeling Taxed

The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes on PoS tokens.

2019-4-27 19:00	Taxes
pos cryptocurrency may stake coins fallacy davenport

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Charitable Organisations Increasingly Receiving Donations in Cryptocurrency

Charities are increasingly accepting of cryptocurrencies as donations. This potentially exposes them to the same level of risks and rewards as those investing in the space. Charities Take Cryptocurrency Risk Giving Wealthy Donors Tax Breaks Thanks to nuances in U.

2018-10-5 01:00
cryptocurrency donations increasingly charitable tax receiving organisations

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-3 23:28	Adoption
report vcs cryptocurrencies cryptocurrency currencies monetary should

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What is Operation Choke Point 2.0? Trump vows to end it

Trump's vow to end Operation Choke Point 2. 0 could reshape crypto's banking access, potentially revitalizing the industry's growth and innovation. The post What is Operation Choke Point 2.

Michael Saylor is willing to advise Trump on the crypto policy

MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced…

SEC Commissioner predicts early improvements for crypto ETFs under new leadership

Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for Ethereum (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration.

Google policy update requires FCA registration for UK crypto ads

Google's policy update may enhance consumer protection and trust in the UK crypto market by aligning advertising with regulatory standards. The post Google policy update requires FCA registration for UK crypto ads appeared first on Crypto Briefing.

More than 100 crypto hedge funds report banking hurdles in the past 3 years

Around 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the three years, The Wall Street Journal reported on Dec. 20. The number represents roughly 75% of 160 hedge funds recently surveyed by the Alternative Investment Management Association (AIMA).

French banking giant to debut Bitcoin and crypto investment services for customers in 2025

BPCE's crypto services launch could enhance France's position as a leader in EU digital asset regulation, influencing broader financial markets. The post French banking giant to debut Bitcoin and crypto investment services for customers in 2025 appeared first on Crypto Briefing.

SEC approves Hashdex and Franklin Templeton dual Bitcoin-Ethereum ETFs

SEC approves Hashdex and Franklin Templeton dual Bitcoin ETF, expanding institutional access amid market volatility. The post SEC approves Hashdex and Franklin Templeton dual Bitcoin-Ethereum ETFs appeared first on Crypto Briefing.

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