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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. дальше »

2020-1-17 13:58


New Congressional Bill Seeks To Exempt Small Crypto Transactions From Taxes

A Congressional bill seeking to exempt daily crypto purchases and transactions from capital gains taxation has been returned to the US Congress. The bill known as “The Virtual Currency Tax Fairness Act of 2020,” seeks to exempt digital currency expenditures that are personal transactions from capital gains taxation. Users will not be required to report […] дальше »

2020-1-17 00:18


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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar

In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. дальше »

2020-1-7 17:00


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Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws

In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. дальше »

2020-1-7 17:00


TaxBit raises $5 million to automate cryptocurrency tax compliance

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, today announced a seed round funding of $5 million. Participating investors include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC, who previously led TaxBit’s pre-seed round, and more. дальше »

2020-1-6 19:33


The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late

The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency […] The post The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late appeared first on Bitcoin Magazine. дальше »

2020-1-2 21:20


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Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. дальше »

2019-12-28 20:08