Qatar’s National Solarized Fintech Strategy Amid COVID-19 Pandemic
The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact. Go to Source Powered by WPeMatico
Taxes
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IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired any cryptocurrencies. IRS Focuses on … Read more
IRS Plans to Ask Every American Worker if They Used Crypto in 2020
Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency. Go to Source Powered by WPeMatico
The Challenge of Taxing Proof-of-Stake
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value. Go to Source Powered by WPeMatico
Novogratz Says Biden and Harris Good for Country, Bad for Markets
The upcoming election is a big deal for financial markets. Go to Source Powered by WPeMatico
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed Venezuela’s National Tax Harmonization Agreement on Sunday, placing the cryptocurrency petro as the unit … Read more
Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits
A proposed capital gains tax cut could be good news for crypto traders in the U.S. Go to Source Powered by WPeMatico
Cryptocurrency News From Japan: August 2 – August 8 in Review
Coincheck’s CEO expressed optimism toward the company’s upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week. Go to Source Powered by WPeMatico
New Kenyan Digital Tax to Affect Crypto Platforms
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax … Read more
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic. Go to Source Powered by WPeMatico
