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The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs … Read more
Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics … Read more
60 crypto financial institutions, exchanges, and ATMs in Spain have been asked for user IDs and other user info from the country’s tax authority #NEWS Go to Source Powered by WPeMatico
BTC’s price will be able to find its “footing” only after tax day, as a large selloff of crypto to fiat will take place by crypto-holding tax payers, Tom Lee predicts. #NEWS Go to Source Powered by WPeMatico
South Korean regulatory commission cites 12 crypto exchanges for a lack of customer protection in their contracts, orders revisions #NEWS Go to Source Powered by WPeMatico
It is evident the cryptocurrency industry has sparked many debates regarding the future of money. Thailand has always been an interesting country when it comes to regulating this new form of money, as there seems to be no streamlined approach. That is coming to change, as the nation’s military regime wants to begin taxing cryptocurrencies in the near … Read more
After this month’s G20 meeting, South Korea is working on crypto tax regulations to be ready by June #NEWS Go to Source Powered by WPeMatico
Thailand releases long-expected crypto tax regulations, former Thai Finance Minister warns against “conservative instincts” leading to “draconian regulations” #NEWS Go to Source Powered by WPeMatico
Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. … Read more
The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more
