South Korea Confirms No Income Tax on Crypto Profits
According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The...
Why Canada’s Crypto Industry is Threatened by Tax Rules
Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While...
Crypto Tax: De Minimis Exception Could Complicate Things for IRS
A provision for de minimis exception in crypto taxes could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published...
IRS Refunds Tax-Paying Crypto Users
The Internal Revenue Service (IRS) has sent refunds to crypto users who had correctly reported their taxes with proof of trades and transactions. The matter of cryptocurrency-related...
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 – Report
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 Million Customers
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 ‘Separate’ Tax Laws
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 Activity’
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...