331 High-Income Traders Declared Crypto Profits in Japan

331 High-Income Traders Declared Crypto Profits in JapanThe Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance […]

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Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

Coincheck Recorded Profit Despite the Hack While Victims Hit With TaxesJapanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck […]

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Tax Loophole Closing For South Korean Cryptocurrency Exchanges

Tax Loophole Closing For South Korean Cryptocurrency ExchangesThe South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations What Tax Rates Apply To […]

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