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Report: South Korea to Push for Major Adoption of Cryptocurrencies
South Korea will push for major cryptocurrency adoption, claims a new report, strengthening the spotlight on the tech hub which forms one of the most crypto-friendly countries in the world. Also read: Korean Incoming Minister Confirms Crypto Taxation Plans South Korea’s Enthusiasm for Tech As one of the most innovative countries in the world, it’s no […] The post Report: South Korea to Push for Major Adoption of Cryptocurrencies appeared first on Bitcoin News. дальше »
2018-12-9 01:35 | |
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Governments Are Taking Wrong Approach to Cryptocurrency Taxation
Cryptocurrency, Taxes–Earlier today EWN reported on a development by several different countries, including Japan, to impose more severe regulations and protocols for catching so-called “cryptocurrency tax evaders. дальше »
2018-12-5 02:01 | |
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South Korea’s Financial Regulator Unveils Taxation Plans for Cryptocurrency and ICOs
CoinSpeaker South Korea’s Financial Regulator Unveils Taxation Plans for Cryptocurrency and ICOsSouth Korea’s financial authorities are actively working on preparing new taxation plans to introduce taxes on crypto trading and ICOs. дальше »
2018-12-4 14:56 | |
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Korean Incoming Minister Confirms Cryptocurrency Taxation Plans
South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules. дальше »
2018-12-4 11:15 | |
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Korean Incoming Minister Confirms Crypto Taxation Plans
South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules. дальше »
2018-12-4 11:15 | |
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South Korea Mulls Imposing Taxes on Cryptocurrency ICO
The South Korean government reportedly has plans to tax cryptocurrency and ICOs, despite the lack of a regulatory framework. Cryptocurrency ICO Taxation Policy According to The Korea Times, Hong Nam-Ki, Finance Minister nominee, revealed that the South Korean government is planning to tax cryptocurrency and initial coin offerings (ICO). дальше »
2018-12-4 10:03 | |
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South Korea’s Minister Of Economy And Finance Looks At New ICO Crypto Tax Implementations
The financial authorities of South Korea, most specifically from the Ministry of Finances, have declared that they are currently considering to create a cryptocurrency tax. The idea was announced by the active minister, Hong Nam-Ki. дальше »
2018-12-4 07:19 | |
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South Korea is planning on taxing ICOs and cryptocurrencies
The government of South Korea is reportedly planning on taxing initial coin offerings (ICOs) and cryptocurrencies, according to a document submitted by finance minister nominee Hong Nam-ki, the CryptoGlobe reported. дальше »
2018-12-3 19:05 | |
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New Beginnings See Paralelni Polis Open In Bratislava With Crypto Anarchists
The crypto community in Bratislava will now have a new centre where to meet and discuss different issues about virtual currencies and the space. Opened in October, the centre has been growing as a place to discuss surveillance infrastructures, relentless taxation and the adoption of blockchain technology by different agencies and institutions. Pavol Luptak, crypto […] дальше »
2018-12-3 17:58 | |
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G20 Wants Unified Crypto Regulation and Taxation
Leaders of the G20 group gathered in Buenos Aires over the weekend and cryptocurrency was on the agenda. A final communique was published on Sunday to sum up the meeting and part of it called for unified regulations and a global approach to digital currencies. дальше »
2018-12-3 11:28 | |
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G20 Summit Discusses Taxation Bill
With the G20 Summit meet ongoing in the Argentine capital Buenos Aires, among other important issues, the cryptocurrency market is also being discussed. With that the discussion is essentially a decision to regulate the cryptocurrency market and with specific interest on Bitcoin. дальше »
2018-12-4 10:23 | |
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G20 Summit Discussies Taxation Bill
With the G20 Summit meet ongoing in the Argentine capital Buenos Aires, among other important issues, the cryptocurrency market is also being discussed. With that the discussion is essentially a decision to regulate the cryptocurrency market and with specific interest on Bitcoin. дальше »
2018-12-3 10:23 | |
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G20 Leaders Arrive At a Common Consensus of Having International Crypto Tax
CoinSpeaker G20 Leaders Arrive At a Common Consensus of Having International Crypto Tax The G20 countries will work towards establishing international taxation for cross-border payments as well as handling issues with money-laundering. дальше »
2018-12-3 08:36 | |
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Ohio Gives Green Light to Paying Taxes With Bitcoin
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. дальше »
2018-11-27 21:32 | |
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Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use
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. дальше »
2018-11-26 18:15 | |
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Recent Poland Income Tax Regulations Amendments Require Crypto Profits To Pay 19% In Taxes
Recent Amendments To Income Tax Regulations in Poland Require Crypto Profits To Pay 19% in Taxes The taxation of cryptocurrency profits has been a hot topic for many countries that are looking to regulate the space. дальше »
2018-11-17 18:55 | |
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Australian Tax Regulator Warns Against Tax Payment Scams Involving Bitcoin ATMs
As tax payment draws near, the Australian Taxation Office is warning taxpayers against imminent tax scams involving the use of Bitcoin ATMs. Details of the Warning According to an article published by the Australian Taxation Office (ATO) on its homepage, Australian taxpayers are warned to be on the alert for possible tax scams. дальше »
2018-11-16 15:38 | |
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Taxman could collect millions within 48 hours of Bitcoin Cash fork
CryptoNinjas One of the least talked about but most significant consequences of the Bitcoin Cash fork will be the tax authorities collecting millions from the individuals involved, according to cryptocurrency taxation experts NODE40. дальше »
2018-11-15 21:43 | |
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Bitcoin ATMs Most Common Scam Payment Method in Australia
The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. дальше »
2018-11-15 07:35 | |
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Australian Taxpayers Have Paid $1 Million to Scammers Through Bitcoin ATMs Since July
The Australian Taxation Office (ATO) has used official channels to warn taxpayers of scammers who are fooling people into paying their taxes through Bitcoin ATMs to their accounts. As the deadline approaches on 21 November, the authority told the one million taxpayers, who will need to make a payment to the ATO, to be wary. дальше »
2018-11-15 03:00 | |
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Australia Warns: Fake Tax Payment Demands through Bitcoin ATMs Becoming Popular
Scammers seem to find any possible outlet to steal the cryptocurrency of investors. Twitter has been the biggest opportunity for these frauds to get through, but Australia has found that the hackers are finding a new method of tricking consumers – Bitcoin ATMs. дальше »
2018-11-14 22:13 | |
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Cryptocurrency Traders Evade Taxes Making Use of Lending Loopholes
According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence. дальше »
2018-11-13 02:00 | |
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France Considers a Flat Capital Gains Tax for Bitcoin
The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent. дальше »
2018-11-10 02:00 | |
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Tax on Crypto Is a Self Goal; President Trump Is Right to Call the FED Crazy: Ron Paul
Former U. S. Presidential candidate Ron Paul has published an article advising against taxation on cryptocurrencies and precious metals in order to avoid a looming financial crisis. Paul is hard-hitting in his article and goes as far as calling the US Federal Reserve’s recent increase in interest rates a “crazy” idea. дальше »
2018-10-31 19:59 | |
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New Crypto Transaction Tax Regulations are a Necessity According to Committee for IRS
New Tax Regulations Are a Necessity For Crypto Transactions, According to Committee For IRS The U. S. Internal Revenue Service (IRS) may pursue a recent recommendation from an advisory committee regarding cryptocurrency. дальше »
2018-10-27 22:44 | |
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IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code
On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation. дальше »
2018-10-27 20:34 | |
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Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill
Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency. ” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. дальше »
2018-10-22 22:30 | |
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Japan’s Tax Committee Looks to Simplify Cryptocurrency Gains Reporting
Japan’s Tax Investigation Committee, an advisory body of the government, is looking to simplify its tax filling system as confusion has led to poor reporting of profits with digital currencies in the country. дальше »
2018-10-20 21:00 | |
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Japan Working on Ways to Simplify Tax Filing System for Cryptos
The wider blockchain adoption is on a way to Japanese policy on taxation making the authorities facilitate a tax form filing for crypto-gains. The post Japan Working on Ways to Simplify Tax Filing System for Cryptos appeared first on CoinSpeaker. дальше »
2018-10-18 15:59 | |
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Japan is working to simplify cryptocurrency tax filing system
Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. On October 17, the commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting to discuss potential improvements to the process. The committee […] дальше »
2018-10-22 12:11 | |
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Canadian Blockchain Company Sees Opportunity in Newly Legalized Cannabis
Like Walmart with pork from China and Maersk with shipping containers, DMG Blockchain Solutions (DMG) is hoping to be the first global supply chain company to manage cannabis products on the blockchain, initially in Canada — and then around the world. дальше »
2018-10-18 19:50 | |
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Universities Are Reluctant to Accept Crypto Donations
The vast majority of colleges are still very uncomfortable with accepting cryptocurrency donations. This mindset might not change anytime soon amid concerns about volatility and taxation. Cryptocurrency and blockchain are still hot discussion topics across many university campuses, despite turbulent markets in 2018. дальше »
2018-10-17 12:00 | |
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Scammers Use Cryptocurrency ATMs to Target Potentially Vulnerable Victims
Australian police have been informed of a scam in which the perpetrators are requesting people deposit funds for them at cryptocurrency ATMs. It is thought that those behind the scam are targeting newly-arrived migrants who are unsure if such requests are genuine since they are navigating an entirely foreign system of taxation for the first. дальше »
2018-10-6 00:00 | |
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Binance Invests $2.5 Million in Australian Blockchain Travel Startup
Binance has announced a $2. 5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world. дальше »
2018-10-4 17:50 | |
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Confusion Over Bitcoin Taxation Leads to Poor Reporting of Gains and Losses
With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U. S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits. дальше »
2018-9-27 00:00 | |
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Presenting a United Front of Blockchain Companies to Work With Congress
It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D. C. , on September 11, 2018, to lobby the U. дальше »
2018-9-22 22:46 | |
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U.S. Lawmakers Ask IRS To Focus on Simplifying Cryptocurrency Taxation
Cryptocurrency, Taxation–In an open letter submitted on Wednesday, members of the United States Congress made a bid to the IRS to shift practices away from fretting over the enforcement of cryptocurrency laws and to instead seek simplification. дальше »
2018-9-21 20:06 | |
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US Lawmakers Urge IRS Develop Clear Rules on Cryptocurrency-related Profits Taxation
Via an open letter U.S. lawmakers have called on the Internal Revenue Service to clarify a guidance for taxpayers earning gains on cryptocurrencies. The post US Lawmakers Urge IRS Develop Clear Rules on Cryptocurrency-related Profits Taxation appeared first on CoinSpeaker. дальше »
2018-9-21 12:58 | |
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US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance
On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […] The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News. дальше »
2018-9-21 04:25 | |
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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS
In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes. дальше »
2018-9-21 23:35 | |
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Congressmen to Ask the Government Accountability Office to Audit IRS
Five congressmen have signed a letter stating they will ask the Government Accountability Office (GOA) to audit IRS over their handling of crypto taxation. The congressmen criticize IRS over lack of. дальше »
2018-9-21 14:44 | |
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Kiev’s Bessarabsky Market Accepts Cryptocurrencies for Groceries
Bessarabsky market, a landmark of Ukraine’s capital, is introducing crypto payments. Fruits and vegetables are already sold for a number of cryptocurrencies including bitcoin cash (BCH). The initiative to offer the alternative payment option aims to show how simple it is to use cryptocurrency in everyday life. дальше »
2018-9-1 00:30 | |
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New Bill Clarifies Crypto Taxation in Poland
A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money, and clarifies the tax regime applicable to crypto trading and mining. дальше »
2018-8-29 23:55 | |
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Current US Tax Policies Make Crypto Adoption Difficult, Maybe Impossible
The tax policies in the United States are complex, and when it comes to cryptocurrencies, they are even more difficult to navigate. Regardless of the government’s stance on digital currencies, taxation laws in the country don’t allow users to make use of their bitcoins. дальше »
2018-8-25 21:30 | |
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Crypto Traders Targeted By South African Revenue Service, Work To Track Transactions
The South African Revenue Service is currently working to improve the way it tracks cryptocurrency traders and their transactions to determine if they are paying taxes. The service’s commissioner stated that the agency is looking to explore ways to identify parties that are profiting from trading digital assets to see if they are evading taxation. […] дальше »
2018-8-20 10:15 | |
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