2019-12-29 16:02 |
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it
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Senator Rob Portman (R-OH) is creating a bipartisan bill aimed at making life harder for crypto tax evaders. In an interview on CNBC’s Squawk Box on April 20, 2021, the politician made it clear that his bill will foster better information reporting on bitcoin (BTC) and more.
2021-4-22 23:01 | |
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Ted Budd, a Republican Congressman from North Carolina, has recently decided to reintroduce a crypto tax bill this week. The law will be a move to the Ways & Means Committee of the House of Representatives soon.
2019-8-8 23:55 | |
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A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations
2019-8-8 23:17 | |
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Reintroduced cryptocurrency tax legislation is taking aim at the IRS's current code
2019-8-8 21:00 | |
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Hossein Ensan survived a field of 8,569 expert gamblers to sweep poker’s most prestigious event, the World Series of Poker. The Iranian-born German earned the highly-coveted WSOP bracelet and a cool $10 million.
2019-7-18 21:12 | |
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Georgia has joined the elite list of countries to have exempted Value Added Tax (VAT) on Bitcoin. A bill regarding the same was recently passed and made into a law after it was signed by Georgia’s Finance Minister, Nodar Khaduri.
2019-7-13 13:30 | |
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American crypto-users have been using digital coins since their conception and the bull run of Bitcoin [BTC] has attracted more crypto-fans and spurred wider adoption. Due to this fact, US became the highest traffic generator for the world’s popular crypto-exchanges.
2019-7-11 03:30 | |
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By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes.
2019-5-22 15:39 | |
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The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.
2019-5-21 20:54 | |
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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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U.S. Representative Tom Emmer plans to reintroduce a bill that would benefit taxpayers holding cryptos resulting from blockchain hard forks.
2019-5-16 15:00 | |
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By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.
2019-5-10 06:58 | |
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Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
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France expects to collect $452 million in 2019 through a new digital tax that targets 30 Big Tech companies, including Facebook, Google, Amazon, and Apple. On March 6, the French government introduced a 3% digital-services tax on tech giants that earn hefty revenues in France through targeted ads or digital marketplaces.
2019-3-7 00:42 | |
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Blockchain technology is still trying to find its place in the US economy, and there has been many regulations that outline what it can and can’t do. Tax laws and other regulations have been customized to promote innovation, but a new bill has been brought to the Utah Senate that would provide them with another […]
2019-3-5 00:38 | |
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A new bill in the California State Assembly would allow tax payments from cannabis-related businesses in stablecoins
2019-3-1 03:55 | |
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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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Russia’s long-running cryptocurrency regulation saga may soon be at an end as Vladimir Putin has ordered a deadline of 1st July 2019 for the approval of the ‘crypto-sphere’ bill.
2019-2-28 20:00 | |
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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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According to data from Navigator Research, a recent poll concluded that almost half of Americans support a 70% marginal tax on income earned above $10 million. Without explanation, 48% of people polled favored the proposition from the Green New Deal.
2019-2-15 19:51 | |
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What does America’s second wealthiest man think of Ocasio-Cortez’s tax reforms? Bill Gates believes that talk of a top-rate tax of 70 percent is “extreme” and completely “missing the picture. ” In an interview with the Verge, Gates spoke out on his views of the taxation reforms.
2019-2-15 15:39 | |
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A newly put forward cryptocurrency law in New Hampshire is getting some considerable progress. The law will give the people living in the state the opportunity to pay taxes using cryptocurrency. The bill recently scaled its initial reading as it was passed unanimously by a subcommittee on the House Executive Departments and Administration Committee. House […]
2019-2-9 17:48 | |
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A New Hampshire bill to let the state accept taxes in the form of cryptocurrency has passed its first legislative hurdle.
2019-2-9 00:05 | |
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New Hampshire is a step closer to begin accepting cryptocurrency as a form of tax payment. As of February 2, 2019, the house sub-committee voted unanimously on a bill that would allow such payments.
2019-2-5 22:00 | |
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The state of New Hampshire has moved one step closer to accepting Bitcoin for tax payments. The state’s House Subcommittee has unanimously approved Bill 470-FN filed January 5th, 2019. New Hampshire House Bill Uninmously Approved Earlier in January, Bitcoinist reported that House bill 470-FN has been filed, seeking the acceptance of cryptocurrencies as payment for taxes, as well as fees by state agencies.
2019-2-4 14:00 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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A house bill for amending the currently existing taxation Code of Indiana has been filed January 24 seeking acceptance of cryptocurrencies for paying taxes. Another bill requiring the state treasurer of New Hampshire to develop an implementation plan for accepting cryptocurrencies for tax payments has also been filed.
2019-1-27 01:00 | |
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Republican senators Dennis Acton and Michael Yakubovich of New Hampshire have introduced House Bill 470 that seeks to allow state agencies to accept cryptocurrencies as payment. State Treasury, Department of Administrative Services, and the Department of Revenue Administration have been contacted to give their feedback on the issue. For the bill, the Department of Administrative […]
2019-1-24 12:41 | |
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A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes.
2019-1-24 00:21 | |
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According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.
2019-1-24 20:28 | |
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Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019.
2019-1-23 09:59 | |
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According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2. 9 million worth of trades across tens of thousands of transactions made since 2014.
2019-1-22 17:50 | |
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Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries.
2019-1-2 12:35 | |
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Two U. S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions.
2018-12-21 17:45 | |
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CoinSpeaker US Lawmakers Proposing a Bill to Challenge SEC’s Definition of Crypto as Securities Two U. S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
2018-12-21 12:03 | |
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Two congressmen are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies. The new definition could benefit current cryptocurrency projects—such as Ripple’s XRP—and allow for ICOs and STOs to fundraise with more clarity.
2018-12-21 02:03 | |
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U. K. lawmaker Eddie Hughes has proposed that taxpayers should have the option to pay council tax and utility bills in cryptocurrencies such as BTC. The 50 year-old conservative legislator for the Walsall North constituency said the move would place the country at the forefront of digital currency adoption in Europe.
2018-12-12 23:55 | |
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Plans for EU-wide digital services tax to prevent tax evasion were struck down this week as the proposal didn’t receive unanimous support from all 28 member states. This happened despite Germany and France‘s attempt to reach a consensus by proposing a bill full of concessions, which would specifically target behemoths like Google and Facebook.
2018-12-6 13:08 | |
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You made big money trading Bitcoin but you don't know how to calculate your IRS tax bill? Learn how to figure your Bitcoin capital gains taxes right here. The post Understanding Cryptocurrency Taxes: How to Calculate Your Bitcoin Taxes 101 appeared first on CoinCentral.
2018-12-5 22:12 | |
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Ohio is now setting up an official website to allow businesses to pay taxes with bitcoin. According to a recent article published by the Wall Street Journal (WSJ), the state of Ohio seems to have given tacit acceptance to bitcoin by allowing businesses, although not individuals, to pay all manner of taxes with the cryptocurrency.
2018-11-27 21:32 | |
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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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In France, taxes on capital gains from Bitcoin trading might be cut to 30% from the current rate at 36.2%, as per a new budget bill amendment.
2018-11-9 13:48 | |
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CoinSpeaker How to Ruin Life Trading Cryptos: College Student Turned $5k Investment into $400k Tax Bill A Californian student thought that he had the run of his life last year by turning his small $5,000 investment into cryptocurrency to $880,000 in December 2017.
2018-11-8 17:04 | |
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French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36. 2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent.
2018-11-8 02:00 | |
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For those who ascribe to progressive values, the results of yesterday’s US midterm elections will undoubtedly be heartening. One positive development, besides the Democrats wresting control of the House of Representatives from the GOP, is the passage of Proposition C in San Francisco.
2018-11-7 11:43 | |
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One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes. From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading.
2018-11-4 13:00 | |
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A commercial bank in the Czech Republic is now offering online services that combine traditional financial features with those for cryptocurrency users. Expobank CZ says its customers will be able to trade cryptocurrencies, invest in startups, and buy precious metals through their accounts.
2018-10-27 12:15 | |
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A draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament, the Verkhovna Rada. The authors of the bill have called for tax exemptions for entities working in the sector until the end of 2029.
2018-10-24 03:15 | |
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The Spanish government has approved a draft anti-fraud law that, among other things, will require investors in cryptocurrencies such as bitcoin cash to declare all of the assets they hold at home and abroad, according to local media reports.
2018-10-23 17:15 | |
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The notice came more than a month after over a thousand users reported losses from the JPEX crypto exchange.
Asian and European stocks registered a bullish surge on Tuesday owing to the Fed’s hawkish outlook on interest rates.
Kapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation.
Major stablecoin issuers Tether and Circle are focusing on markets outside the United States, where adoption is growing.
Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country.
Speaking with Cointelegraph at the Collision conference in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not “as bad as it sounds.”
The Japanese Ministry of Education plans to allow limited use of generative AI, like ChatGPT, in elementary, junior high and high schools across the country.