Cryptocurrency Might Be Treated as Treasure Under Russia’s Tax Code
Russia might implement an interesting tax method. Local media reported that the Association of Banks of Russia proposes a tax on cryptocurrency mining that is equivalent to the tax on...
New Zealand Is A Good Place To Be Paid In Bitcoin
The New Zealand Tax Department has just issued guidance on salary payments made in Bitcoin and other cryptocurrency. This confirms that such payments are entirely within the law, and...
Singapore Sovereign Wealth Fund Invests in Cryptocurrency Exchange...
US cryptocurrency exchange Coinbase received the majority of its $300 million 2018 funding round from a fund owned by the Singapore government, anonymous sources have revealed. GIC...
Australia Post Delivers ‘Buy Bitcoin’ Service to Its 11.7...
One of Australia’s oldest institutions, Australia Post, has announced that customers will now be able to buy bitcoin on participating exchanges within minutes through its Digital iD...
Russia: Bitcoin Owners and Miners Will Not Face...
Russia will subject owners and miners of cryptocurrency to all existing tax obligations from Autumn, authorities hinted July 18. Aksakov: No ‘Separate’ Treatment For Crypto...
South Korea Claims $28M Tax From Bithumb But Finds No ‘Illegal...
South Korea’s National Tax Service (NTS) has requested $30 billion won ($28 million) in taxes from major cryptocurrency exchange Bithumb in a move which has gained positive feedback...
Russia: Cryptocurrency Users Must Calculate Own Tax
Russian citizens will have to compute their own tax obligations from cryptocurrency trading, the head of the country’s tax office said on June 6. Cryptocurrency Trading Is...
Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax
Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on...
Users Call Revolt As Bitfinex Demands Tax Information
Cryptocurrency users are reacting after exchange Bitfinex has told traders they must confirm their tax status in order to use its services. Bitfinex: We Need Tax Info By May 24 In a...
Crypto Investors in Thailand Will Get Taxed
After the Bank of Thailand ordered the country’s financial institutions to steer clear of cryptocurrency, its military government has now advised that cryptocurrency taxes are on the...
The IRS Isn’t Making it Easy for Cryptocurrency Investors
The Internal Revenue Service (IRS) continues to reach its greedy claws into the pockets of cryptocurrency investors — surprising some with unexpected bills. Land of the Free, Home of...
Tax Loophole Found for UK Crypto Profits
Each country has its own systems for tax evaluation and collection, and some countries are stricter than others. One of the major issues governments have with cryptocurrencies is the...