Taxes

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Israel Tax Authority Hunts for Bitcoin Traders on Social Media

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Various local branches of the Israel Tax Authority have sent out letters to those they suspect are trading bitcoin without reporting it. The tax agency demands in those letters that the recipients will divulge all of their involvement in the cryptocurrency market including all past transaction history and current holdings. People are being asked to … Read more

Azerbaijan to Tax Crypto Incomes and Profits

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Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku.  Also … Read more

Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

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Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck … Read more

Investors from 28 Countries Own Land in Norway’s “Private City” Liberstad

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More than 100 people have bought land plots in the “private city” of Liberstad, Southern Norway. Its founders accept 27 cryptocurrencies. Deals have been sealed already with future residents from Brazil, Sweden and the UK, among other countries. They should be able to move in within two years. Also read: Bitcoin Payments Are on the … Read more