Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

Romania Carries Out Raids as Part of Crypto Tax Evasion ProbeAuthorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After […]

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Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins AbroadThe Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Central Bank of Russia […]

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Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland

Tax Form to Report Revenues From Cryptocurrency Trading Issued in PolandAuthorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Polish […]

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Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin

Global Law Enforcement Has Auctioned Massive Amounts of BitcoinLast month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities […]

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