Report: Canada Revenue Agency Auditing Crypto Investors
The Canada Revenue Agency is reportedly auditing crypto investors, sending them lengthy questionnaires regarding the nature of their holdings Go to Source Powered by WPeMatico
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Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies
Ernst & Young has launched a new product for accounting and tax reporting on crypto assets Go to Source Powered by WPeMatico
California Bill Would Legalize Crypto for Tax Payments From Cannabis-Related Businesses
A new bill in the California State Assembly would allow tax payments from cannabis-related businesses in stablecoins Go to Source Powered by WPeMatico
Platform for Crypto Payments to Bank Accounts Launching in the UK
A company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear … Read more
Two Companies Used Crypto to Pay Taxes in Ohio, Says State Treasurer
Ohio state treasurer Robert Sprague revealed that two companies have used the recently introduced option to pay taxes with cryptocurrencies Go to Source Powered by WPeMatico
China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce
China’s most populous province is set to implement a blockchain-backed platform for electronic invoice services Go to Source Powered by WPeMatico
Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto
The Japan Association of New Economy has asked the country’s financial watchdog to reduce taxes on crypto Go to Source Powered by WPeMatico
Venezuela Introduces Ambiguous Cryptocurrency Taxation Guidelines
Venezuela has always been an interesting country when it comes to Bitcoin and other cryptocurrencies. Despite this form of money being very popular, it also irates the local government. A new proposal has appeared in local newspapers which claims crypto transactions will be taxed. It remains unclear how the government plans to enforce such actions … Read more
Venezuela Imposes Fees and Limits on Local Crypto Remittances
Venezuelan government sets monthly limit on crypto remittances within the country, introduces fees of up to 15 percent Go to Source Powered by WPeMatico
5 Crypto-Friendly Countries to Base Your Business
Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching … Read more