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A draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament, the Verkhovna Rada. The authors of the bill have called for tax exemptions for entities working in the sector until the end of 2029. Also read: Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill New […]
The post Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine appeared first on Bitcoin News.
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The Spanish government has approved a draft anti-fraud law that, among other things, will require investors in cryptocurrencies such as bitcoin cash to declare all of the assets they hold at home and abroad, according to local media reports. The intention is to ring-fence taxes and prevent tax evasion, particularly on an asset class that […]
The post Spain Approves Bill Requiring Disclosure of Cryptocurrency Assets appeared first on Bitcoin News.
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Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also […]
The post World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe appeared first on Bitcoin News.
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The escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations Harsh Hardware Duties In June, the Office of the United […]
The post Trump Tariffs to Impact Chinese Mining Hardware Manufacturers appeared first on Bitcoin News.
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A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of […]
The post Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm appeared first on Bitcoin News.
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A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]
The post Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments appeared first on Bitcoin News.
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Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Chechen Mining Pool Alvi Karimov, the press […]
The post Chechnya to Create Mining Pool for Eurasian Economic Union Countries appeared first on Bitcoin News.
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On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […]
The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News.
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In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]
The post Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes appeared first on Bitcoin News.
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A Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client. Meanwhile, members of the Russian crypto community have urged the government to classify individual miners as self-employed which […]
The post Russians Design а ‘Beautiful’ Mining Rig appeared first on Bitcoin News.
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