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Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would you actually delete or stop using your Coinbase account?” […]
The post 66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns appeared first on Bitcoin News.
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Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition of cryptocurrency as miscellaneous income, whereby virtual currency is taxed […]
The post Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide appeared first on Bitcoin News.
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Taro Aso might not be willing to support legislation in Japan treating cryptocurrency-related income the same as that for stocks.
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South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law […]
The post South Korea to Start Taxing Bitcoin Profits in 2021 appeared first on Bitcoin News.
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
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There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe?
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The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions.
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New research has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in Latin America.
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The crypto industry’s attitudes toward tax are maturing, with a recent survey indicating that two-thirds of digital asset users are in favor of cryptocurrency taxation.
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While most of the U.S. remains on lockdown, a few states across the nation are starting to open up businesses and lift restrictions. Meanwhile, politicians on the left have been trying to push a universal basic income (UBI) package through Congress, in order to give Americans in need a monthly check. This week, former U.S. […]
The post $2K per Month for Every American: Andrew Yang Begs Congress to Pass Basic Income appeared first on Bitcoin News.
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