US: New Hampshire Bill Aims to Legalize Bitcoin for State Payments in 2020
The authors of a New Hampshire bill on crypto payments aim to make the local government more progressive on the topic Go to Source Powered by WPeMatico
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McAfee to Lead 2020 Presidential Campaign ‘in Exile’ After Alleged IRS Indictment
Security entrepreneur John McAfee flees alleged IRS indictment, plans to run for U.S. president from a boat Go to Source Powered by WPeMatico
Romania Imposes 10% Tax on Cryptocurrency Earnings
Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports. Also read: Falcon Private Bank Launches Crypto Wallet … Read more
Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency
According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than … Read more
Swiss Bank Falcon Launches Crypto Wallet With Withdrawals to Fiat
Switzerland-based Falcon Private Bank has launched direct transfers of select cryptocurrencies, as well as crypto-fiat withdrawals Go to Source Powered by WPeMatico
US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year
The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency … Read more
Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media
Cryptocurrency profits must be reported to the Chilean Internal Revenue Service by local taxpayers, local crypto media reports Go to Source Powered by WPeMatico
Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019
Chile is to start taxing cryptocurrencies in April, when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that … Read more
Exploring The Upside to 2018’s Bitcoin Trading Losses for Americans
Most cryptocurrency enthusiasts will agree the year 2018 is best forgotten quickly. A lot of financial losses were sustained during this period. That is only normal, after the ludicrous end of year the market went through in 2017. A new report shows US investors lost nearly $2bn from trading Bitcoin alone. This allows for some … Read more
American Companies Can Now Settle Payroll Taxes In Cryptocurrency via Bitwage
International cryptocurrency payroll service provider Bitwage has announced that it has partnered with Texas-based Simply Efficient HR. The move will allow companies to pay W2 employee and payroll taxes in all 50 U.S. states, plus Puerto Rico, using BTC and ETH. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Bitwage and Simply … Read more
