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'Guys, File Your Crypto Taxes, the IRS is Coming'
2.4.2021
A tax expert is warning that filing crypto taxes is a must in order to avoid penalties, as the taxman knows you've got reportable transactions.
This comes as the Internal Revenue Service (IRS), the service of the United States federal government responsible for collecting taxes, is officially...
With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS
1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...
Crypto-focused software firm Lukka raises $53M in funding round
26.3.2021
Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space
Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes
21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
Would a US wealth tax push millionaires to Bitcoin adoption?
18.3.2021
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them
US-based crypto users likely still have to pay taxes on NFTs, says CNBC
17.3.2021
"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank
'Inhospitable to capitalism' US can target those ditching dollar for Bitcoin — Ray Dalio
16.3.2021
Investors should reduce dollar exposure, the billionaire says, as MicroStrategy's Saylor describes Bitcoin as the "obvious solution."
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...
ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman
8.3.2021
The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets
Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion
5.3.2021
U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive...
Kentucky to provide tax breaks for local crypto miners
3.3.2021
Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe
US crypto tax startup TaxBit to channel $100M raise into UK expansion
3.3.2021
Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million
Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat
26.2.2021
A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin. Anyone Interested Can Pay 3.5 BTC for the Property Per an official announcement, Idealista is seeking...
South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022
22.2.2021
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation
Swiss canton of Zug starts accepting tax payments in cryptocurrency
18.2.2021
The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals
India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report
17.2.2021
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality
Russian Duma prepares bill on cryptocurrency taxation
16.2.2021
The Russian State Duma will consider a new bill on cryptocurrency taxation on Feb. 17
Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC
12.2.2021
The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury....
Miami council supports mayor’s move to offer city worker salaries in Bitcoin
12.2.2021
The City Commission of Miami is now looking into the feasibility of allowing Miami residents to pay taxes and receive salaries in Bitcoin