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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
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it Go to Source Powered by WPeMatico
US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019 Go to Source Powered by WPeMatico
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get … Read more