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PortuguêsMost transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution. Way back in 2014, the United States Internal Revenue Service (IRS) ruled…
Continue ReadingReports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency…
Continue ReadingJackson Mayor Scott Conger believes that Bitcoin is the only solution to fix inflation and the U.S. dollar devaluation. United States’ city of Jackson, Tennessee, continues exploring a potential dive…
Continue ReadingPlan B Passports offers Bitcoiners the ability to legally avoid taxes on their BTC profits. If you would like to avoid onerous capital gains taxes after spending or selling BTC…
Continue ReadingOn Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues…
Continue ReadingThe Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The…
Continue ReadingThe new law introduces an additional tax levy for energy used by crypto miners starting from January 2022. As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has…
Continue ReadingSouth Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized…
Continue ReadingLawyers will have the opportunity to appeal the court’s decision and local lawmakers will need to approve the extradition before it is final. John McAfee, the founder of the antivirus…
Continue ReadingThe U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous. The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every…
Continue ReadingSpain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities. Any trader that has obtained…
Continue ReadingThe Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk…
Continue ReadingThe U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear…
Continue ReadingThree leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and…
Continue ReadingTaxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little…
Continue ReadingAustralia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back…
Continue ReadingAfter some confusion, South Korea‘s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities. Over the past year or…
Continue ReadingA tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS. A tax enforcement proposal from the Biden administration would compel…
Continue ReadingWhat is the current outlook on bitcoin taxes, and what might the future hold as the network and asset grows? While many joke about that unfortunate boating accident that magically…
Continue ReadingGovernment authorities in Argentina are requiring cryptocurrency exchanges in the country to provide monthly data on users and transactions. Despite various anti-free market policies discouraging bitcoin use in Argentina, adoption…
Continue ReadingWhat are the basics that everyone should know about how their bitcoin is taxed in the United States? Is the purchase of bitcoin taxable? Do you pay taxes on the…
Continue ReadingIn comments at a virtual conference, an IRS counsel indicated the agency would seize virtual currency like bitcoin to satisfy tax collection. According to comments made at a virtual conference…
Continue ReadingThe ruling class is turning its eye to the cryptocurency space. Institutional adoption is one of the biggest stories of the last few months. After that, governments might follow suit.…
Continue ReadingThis tax season, it may be worthwhile to consider making a bitcoin donation to reduce one’s taxes through philanthropy. This year is on track to be a record year for…
Continue ReadingThe IRS has been authorized to seek information on users of the cryptocurrency exchange Kraken, to ensure they are paying their taxes. A court in Northern California has empowered the…
Continue ReadingReport: Biden Seeking To Nearly Double Capital Gains Taxes For Wealthy Americans President Joe Biden is considering raising the U.S. capital gains tax rate by nearly double for the wealthiest…
Continue ReadingOfficials are considering a tax on all cryptocurrency transactions in Indonesia. Indonesia’s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking…
Continue ReadingSouth Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.” Amid the growing opposition against the new cryptocurrency tax regime in South Korea, finance minister Hong…
Continue ReadingOnly 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said. Following major…
Continue ReadingAre there any pitfalls in NFT taxation according to the current U.S. laws? Seems like we now all have stories starting with, “What I did during the pandemic…” Most begin…
Continue ReadingThe tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including…
Continue Reading“Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right,” said Marius Johansen. The Norwegian…
Continue ReadingThe recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited. The United States Internal Revenue Service has…
Continue ReadingWhat crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations. The United States Department of Treasury is again sharpening its sword upon…
Continue ReadingBack 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.…
Continue ReadingA Miami-Dade County commissioner is exploring the feasibility of residents paying their taxes and fees in bitcoin and other cryptocurrencies. Danielle Cohen Higgins, District 8 County’s commissioner and representative on…
Continue ReadingNFTs 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…
Continue ReadingA new resolution would establish a task force to study crypto in Miami-Dade county’s public administration. A Miami-Dade County commissioner is backing a new resolution to allow residents to use…
Continue ReadingConsulting firms, such as PwC Russia, said that Russians have been increasingly reporting their income from cryptocurrency operations. The number of cryptocurrency holding disclosures in Russia has been on the…
Continue ReadingLukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space. Just a few weeks before the filing deadline…
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