Bookmarking Crypto Insights
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New Hampshire state representatives have killed the legislature’s second attempt to accept crypto tax payments, saying that Bitcoin’s volatility is too high Go to Source Powered by WPeMatico
A bill to protect crypto users from capital gains taxes on day-to-day transactions has been reintroduced in US Congress Go to Source Powered by WPeMatico
Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill Go to Source Powered by WPeMatico
2019 was the year when the term “cryptocurrency tax” became deeply embedded in token-holders’ lexicons. Sure, the idea that you’d have to pay tax on your bitcoin or other digital assets has been kicking around for years, but more column inches were devoted to the taxation of crypto last year than any preceding it. Undoubtedly … Read more
Authors of New York’s new digital payments system Inclusive Value Ledger claim that the initiative is still open for implementing blockchain technology Go to Source Powered by WPeMatico
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you Go to Source Powered by WPeMatico
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital Go to Source Powered by WPeMatico
South Korea is working on legislation to tax crypto profits Go to Source Powered by WPeMatico
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Also read: Regulatory Roundup … Read more
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to … Read more
