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Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
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Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’
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200,000 People Have Signed Ross Ulbricht’s Clemency Petition
Ross Ulbricht is forced to spend the rest of his life in prison, and October 1 marked the beginning of his seventh year behind bars. Ulbricht has recently authored a letter explaining that he’s “forgotten what freedom actually feels like” and he’s also realized that he lost some of the “best years of his life.” […]
The post 200,000 People Have Signed Ross Ulbricht’s Clemency Petition appeared first on Bitcoin News.
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Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In
As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India. Also read: […]
The post Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In appeared first on Bitcoin News.
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Reddit Roasts the IRS: Have America’s Tax Collectors ‘Gone Crypto Fishing’?
In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by the agency, saying they’re operating mostly from guesswork, casting broad nets and […]
The post Reddit Roasts the IRS: Have America’s Tax Collectors ‘Gone Crypto Fishing’? appeared first on Bitcoin News.
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10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]
The post 10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS appeared first on Bitcoin News.
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Bitcoin ETF Decision Gets an Overwhelming Amount of Public Opinion
A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses […]
The post Bitcoin ETF Decision Gets an Overwhelming Amount of Public Opinion appeared first on Bitcoin News.
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Five Firms Hit by ‘Crypto-Sweep’ in Alabama as Regulators Step up Operation
Cease and desist letters have been sent to five crypto companies operating in Alabama, as part of the ongoing “Operation Crypto-Sweep.” The campaign, led by the North American Securities Administrators Association, is targeting ICO projects and blockchain startups suspected of fraudulent activities and violations of existing securities laws. Actions have been taken already by NASAA […]
The post Five Firms Hit by ‘Crypto-Sweep’ in Alabama as Regulators Step up Operation appeared first on Bitcoin News.
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