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Binance Faces DOJ Probe as Investigators Target Crypto Money Laundering and Tax Evasion
Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. дальше »
2021-5-14 22:40 | |
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Indonesia Ponders on Plan to Tax Crypto Trading Gains
Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian tax official, Neilmaldrin Noor, told the news outlet that the proposal to tax profits onRead More дальше »
2021-5-12 01:00 | |
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Biden’s Tax Plan Could be Bullish for Ethereum but Bearish for Bitcoin
Joe Biden, the United States president, is reportedly in the process of proposing a tax law targeted at the wealthiest Americans. The news surfaced at a bad time for cryptocurrency investors who are not exactly in their happiest of moods, and rightfully so. дальше »
2021-4-25 23:24 | |
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Ripple CTO addresses tax confusion on FLR airdrop to XRP holders
FLR tokens will be airdropped to a vast majority of XRP holders in late Q2, 2021. US-based Certified Public Accountant, James Yochum, took Twitter to elaborate on how taxation norms could potentially The post Ripple CTO addresses tax confusion on FLR airdrop to XRP holders appeared first on AMBCrypto. дальше »
2021-4-21 21:33 | |
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Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon
Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […] дальше »
2021-4-17 02:30 | |
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Bought NFTs? There’s A Tax For That, And Other Ways The IRS Is Eyeing Crypto
NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […] дальше »
2021-4-15 18:21 | |
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NFT Buyers and Sellers Could be Liable to “Unknown” Capital Gains Tax in the United States
U. S. citizens making money off the booming non-fungible token (NFT) market may be unaware of liable taxes from selling the NFTs. Beeple’s record-breaking $69. 3 million NFT sales could attract tens of millions in taxes. дальше »
2021-3-19 22:03 | |
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Those buying NFTs with Bitcoin or Ether may face tax surprise
With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company's wealth reporter, Robert Frank, the US Internal Revenue The post Those buying NFTs with Bitcoin or Ether may face tax surprise appeared first on AMBCrypto. дальше »
2021-3-18 01:30 | |
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Billionaire Ray Dalio: U.S. Could Impose “Shocking” Tax Increases That’d Have Huge Consequences On Bitcoin
Billionaire hedge fund manager Ray Dalio is well known for his criticism of holding fiat money in the face of unprecedented money printing and runaway inflation. Now, Dalio asserts that bonds — or anything, really in dollars, is also not a safe investment play, especially with governments producing insane amounts of debt. In a recent […] дальше »
2021-3-16 20:03 | |
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US Library of Congress report highlights proof-of-stake tax blindspot
The taxman still isn't wise to cryptocurrency earnings made through proof-of-stake. But that could change soon.
дальше »2021-2-5 17:26 | |
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Indian Government Considers 18% Tax on Bitcoin Transactions
This new tax would clock in at 18% per transaction. Indian tax authorities are estimating this new tax could be applied to almost 40,000 crores per year. This equates to almost $5. 5 billion in countrywide Bitcoin transactions. дальше »
2020-12-29 14:41 | |
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South Korea Could Tax Cryptocurrency Trading Profits from 2021
The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021. Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021. дальше »
2020-6-13 01:07 | |
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Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
A loophole in the U. S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U. дальше »
2020-6-10 14:15 | |
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‘What Idiot Could Believe Such Nonsense?’ John McAfee Disavows His $1 Million Bitcoin Price Prediction
John McAfee, computer programmer, tax fugitive, and crypto advocate, is distancing himself from his infamous $1 million bitcoin price forecast once again. In early 2018, McAfee predicted that one bitcoin would be worth a staggering $1 million by the end of this year. дальше »
2020-5-31 21:07 | |
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U.S.: 32 Crypto and Blockchain Bills Before Congress Could Shape America’s Digital Future
Crypto regulations in the United States may become clearer in the coming years as the country’s legislature is examining more than 30 bills related to the emerging digital economy. Focus on Crypto Regulation and Tax Laws According to a Forbes report, the U. дальше »
2020-4-29 17:00 | |
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The Coronavirus Crisis Could Send Carnival Cruise Stock to Zero
The coronavirus pandemic may send Carnival Cruise stock to zero. And this is poetic justice for the tax dodging industry. The post The Coronavirus Crisis Could Send Carnival Cruise Stock to Zero appeared first on CCN.com дальше »
2020-4-6 20:30 | |
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Coronavirus Could Delay 2019 Cryptocurrency Tax Filings and Payments
Cryptocurrency investors in the United States who scored wins in 2019 can delay filing and payment on their taxes for 90 days. The announcement came from the Trump administration, allowing taxpayers to delay payments up to $1 million individually. дальше »
2020-3-24 05:10 | |
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Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
While its well-known that the revised Schedule 1 form for U. S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. дальше »
2020-3-19 16:15 | |
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Trump Administration Could Allow Tax Free Investments in Bitcoin
A senior official for President Donald Trump has suggested that a new stimulus package could include tax-free investments outside of 401(k) contributions. The suggested tax savings would ostensibly act as a buying boost for the stock market, and potentially other investments like Bitcoin. дальше »
2020-2-16 12:12 | |
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DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
Nobody likes taxes but for US based blockchain users things can be particularly awful. This week we discuss US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while. дальше »
2020-2-10 19:00 | |
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Bitcoin Cash Dev Tax Could Have Serious Impact on Bitcoin Mining
Miners claiming to represent the majority of Bitcoin Cash’s (BCH) hash rate intend to implement a plan to tax other miners in the community. Most remarkably, this tax could also affect all cryptocurrencies that share the SHA256 algorithm, including Bitcoin. дальше »
2020-1-31 22:00 | |
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Bitcoin Cash developer tax could impact Bitcoin and Bitcoin SV mining ecosystem
Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it - one of the proposals presented for the upcoming network upgrade, sThe post Bitcoin Cash developer tax could impact Bitcoin and Bitcoin SV mining ecosystem appeared first on AMBCrypto. дальше »
2020-1-27 17:30 | |
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Why the Bitcoin Cash ‘Dev Tax’ is a Colossal Mistake
The proposal to create a special “developer tax” could split the Bitcoin Cash community, and do more harm than good. Peter Rizun, the chief scientist at Bitcoin Unlimited, commented on the intention to bring miners under a centralized authority. дальше »
2020-1-27 16:00 | |
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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. дальше »
2020-1-24 16:10 | |
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Is Bitcoin the Answer to Trump’s ‘Generosity’ Towards Banks?
Could Bitcoin mend a system where President Trump is being extra generous toward banks through tax cuts? JP Morgan Profits Dwarf Ethereum US bankers have been laughing all the way to the bank last year, quite literally. дальше »
2020-1-21 11:30 | |
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UK's HMRC seeks to identify cybercriminals using 'blockchain-analysis tool'
The UK's tax, payments, and customs authority, HM Revenue and Customs [HMRC] is reportedly looking to invest in a "crypto-asset blockchain analysis tool" that could identify criminals indulging in theThe post UK's HMRC seeks to identify cybercriminals using 'blockchain-analysis tool' appeared first on AMBCrypto. дальше »
2020-1-21 20:20 | |
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France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto
France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. дальше »
2019-12-29 09:45 | |
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A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2.0,’ Says Wells Fargo
President Trump architected sweeping changes to the tax code early in his presidency, and if he wins in 2020, Tax Cuts 2. 0 could be afoot. The post A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2. дальше »
2019-12-15 20:30 | |
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Potential Crypto Tax Cuts Could Boost Singapore Businesses
Coinspeaker Potential Crypto Tax Cuts Could Boost Singapore BusinessesMultinational professional services firm and one of the ‘Big Four’ auditors, PwC, praises Singapore’s move to exempt cryptocurrencies and digital tokens from sales tax when used to pay for goods and services. дальше »
2019-7-30 11:56 | |
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PwC Corporate Tax Partner: Singapore To Benefit Crypto Businesses By Cutting Taxes
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 […] дальше »
2019-7-30 06:17 | |
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U.S. Treasury Secretary: Bitcoin, Libra Pose National Security Threat
Coinspeaker U. S. Treasury Secretary: Bitcoin, Libra Pose National Security ThreatThe Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware. дальше »
2019-7-16 11:36 | |
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Crypto Could Help Save On Tax Payments As Rising Bitcoin Price Ushers In New Benefits
The topic of crypto and taxes is a tricky one because it combines two of the most complex issues in the financial world; the very volatile world of cryptocurrency and the also the very confusing world of taxation. дальше »
2019-6-24 21:02 | |
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Bitcoin (BTC) on a Roll, Bulls Ecstatic After Italy’s New Tax Proposal
Bitcoin (BTC) expands, up 7. 4 percent Capital flight from Italy could end up in Bitcoin By zeroing in and targeting personal saving accounts, Matteo Salvini, the Deputy Prime Minister of Italy, is inadvertently advertising Bitcoin. дальше »
2019-6-14 21:00 | |
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Italy Considers a Tax on Citizens’ Savings as Top Bitcoin Analyst Implies It Could Be Best Thing Ever
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 […] дальше »
2019-6-13 18:32 | |
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Italy’s Terrifying Currency Scheme is Insanely Bullish for Bitcoin
By CCN Markets: The Italian government is mulling the decision to issue a “parallel currency” in a move that could plunge the eurozone into crisis – and provide the best case yet for mass bitcoin adoption. дальше »
2019-6-14 16:15 | |
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A Boon for Bitcoin? Italian Government Proposes Tax on Savings in Held in Bank Safes
The Deputy Prime Minister of Italy has proposed a new tax on cash and other valuables held by citizens at banks. If actually imposed, the measure could drive people towards Bitcoin as a way to keep their savings safe from cash-strapped government ministers. дальше »
2019-6-13 02:00 | |
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Jamie Dimon Defends Trump’s Tariff War as Stock Market Bleeds
By CCN: Jamie Dimon has been in the news with a number of surprising opinions lately, but his latest interview could perhaps be the most maverick. Speaking to Poppy Harlow on CCN Business, the JPMorgan CEO revealed that – contrary to the stock market’s horrified consensus over Donald Trump’s aggressive posturing on trade tariffs with China – the president’s policy is actually working. дальше »
2019-5-8 00:29 | |
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Toxic ICO Taxes: Thailand Stock Chief Slams Regulators for Crippling Crypto-Friendly Startups
By CCN. com: Thai startups raising funds by issuing digitized equities/stocks pay more taxes than an average business, according to Prinn Panitchpakdi. The governor of the Stock Exchange of Thailand (SET) said initial coin offering (ICO) startups typically pay 7 percent in value-added (VAT) and a 20 percent in corporate tax. дальше »
2019-5-7 14:24 | |
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Bernie Sanders’ Wall St. Tax to Fund College Tuition Would Kill Economy
By CCN: Bernie Sanders is looking to spread good cheer throughout the U. S. He is offering up another idea that would allegedly alleviate millions of residents of their crippling student loans. Unfortunately, the White House hopeful has been slow in explaining how he plans to fund it. дальше »
2019-5-7 04:15 | |
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Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain
International tobacco company Philip Morris is considering applying blockchain to reduce tax stamps paperwork and fraud
дальше »2019-4-26 16:12 | |
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President Trump’s Proposed Remittance Tax is Pushing Bitcoin Adoption
President Donald Trump’s proposed remittance tax, which would levy additional fees on money being sent outside of the United States in an effort to curb immigration, could have the end effect of driving cryptocurrency adoption. дальше »
2019-4-17 01:47 | |
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Op Ed: Bitcoin Is Turning Left vs. Right Into Big Data vs. Privacy
The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets. дальше »
2019-4-16 22:26 | |
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