Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case
A Supreme Court judge in Canada has upheld the seizure of assets in a crypto fraud case Go to Source Powered by WPeMatico
Taxes
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The Most Important Aspect of Bitcoin Is the Separation of Money and State
Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through inflation. Now there’s a wide array of digital currencies competing in … Read more
Japan to Solarize Its Burgeoning Digital Economy, Expert Take
In the second expert take of the series, Selva Ozelli evaluates tax, digital technology and solar policies (including power from satellites) in Japan Go to Source Powered by WPeMatico
IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior … Read more
The IRS Perfectly Knows How Much Bitcoin Users owe in Taxes
The IRS doesn’t take kindly to people purposefully evading taxes. This is especially true when those users are also cryptocurrency holders or traders. Despite sending out thousands of letters in recent weeks, the agency is already stepping up its game. A new version is making the rounds which is a lot more straightforward and firm. It … Read more
IRS Crypto Reporting Letter: A Wake-Up Call No Matter Who Gets One
IRS is sending letters to taxpayers with crypto transactions. Should you be worried even if you don’t receive one? Go to Source Powered by WPeMatico
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes
Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite maddeningly vague or unfair legislation, filing … Read more
New Zealand Rules Receiving Income in Bitcoin is Legal, Taxable
New Zealand’s tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed Go to Source Powered by WPeMatico
Hodler’s Digest, Aug. 5–11: Naughty North Korea, India’s Bombshell, LTC Flops
In this week’s Hodler’s Digest, Litecoin’s halving fails to boost prices — and the scale of North Korea’s crypto hacks emerges Go to Source Powered by WPeMatico
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes … Read more
