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The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The … Read more
Bitcoin in Brief is your roundup of everything that matters from the all over the vast cryptosphere that you might have missed. This week’s daily editions included stories about taxes, forks, pranks, porn and so much more. This weekly edition will bring you up to speed with everything covered; just make sure you keep up. … Read more
The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs … Read more
Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, … Read more
If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it. Also Read: Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m IRS Tax Form San Francisco-based cryptocurrency exchange … Read more
Ukraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit “e-hryvnias”, while the justice minister says bitcoin is a fact and calls for its legalization. … Read more
While major stock brokers are lining up to add bitcoin futures to their platforms, central bankers are apparently not too happy about it. A member of the European Central Bank (ECB) executive board has called the instruments a threat to the financial stability of the entire banking system. Also Read: After Ripple’s Rise BTC Dominance … Read more
Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to … Read more
