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The topic of cryptocurrencies and taxes has been kicked around a fair few times. It seems cryptocurrency trusts offer a legal method of avoiding taxes. They are not necessarily for everyone, yet they do raise some interesting issues. The Future of Cryptocurrency Trusts It has become apparent that not everyone wants to pay taxes on their … Read more
The new chairman of the Malta Bankers Association thinks that blockchain could be a “total game changer” and that crypto will challenge banks’ roles as payment intermediaries Go to Source Powered by WPeMatico
This week in crypto, the SEC finally decided that Ethereum is not a security, Bitcoin’s price drop is revealed (allegedly) to be due to Bitcoin future contracts expiring, and more in the Hodler’s Digest Go to Source Powered by WPeMatico
Crypto investors in Australia should expect scrutiny from the tax authority, experts say Go to Source Powered by WPeMatico
A Spanish blockchain company is developing an Ethereum-based blockchain solution that will allow parties to legally/contractually transfer ownership of crypto assets Go to Source Powered by WPeMatico
Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, … Read more
Lithuania’s Ministry of Finance has published comprehensive guidelines for cryptocurrency and initial coin offerings, covering four areas including regulations, accounting, and taxation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry of Finance’s Guidelines The Ministry of Finance of the Republic of Lithuania has published guidelines for cryptocurrency and initial coin offerings (ICOs). They … Read more
In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. At least one bitcoiner has tossed aside such niceties, and examined the world’s most popular cryptocurrency as a potential offshore tax avoidance haven. Depending on the study, as much as $20 trillion is hidden … Read more
“We recommend the IRS release immediate guidance regarding the tax treatment of virtual currency transactions” Go to Source Powered by WPeMatico
The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance … Read more