Bookmarking Crypto Insights
Auto Added 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
Cryptocurrencies have been around for a while now, and they’re increasingly becoming of interest to tax liability regulators. But many of us are not clear as to how tax regulations are going to work. In this article, we are going to cover four facts that you must know. Most people simply don’t think they need to pay taxes while using digital currencies, … Read more
The Australian Taxation Office (ATO) has been researching how to formulate regulatory guidelines for taxing cryptocurrencies recently. This week the ATO is seeking input from Australian residents concerning how the country should tax digital assets. Also read: South Korean Exchange Paying Users to Report Illegal Crypto Schemes The Australian Taxation Office is Looking for Public Opinion Concerning … Read more
Australia seeks the public’s advice about how to solve difficulties in crypto taxation #NEWS Go to Source Powered by WPeMatico
Crypto-asset lending is a new type of Fintech business that is surfacing all over the world #EXPERT_TAKE Go to Source Powered by WPeMatico
The largest tax filing platform in India, Cleartax, together with Zebpay, one of the leading Indian cryptocurrency exchanges, is uniting efforts to help Indians with their crypto taxes. The partnership aims to educate bitcoin investors and traders about the current tax laws and how they apply to reporting cryptocurrency incomes and profits. Also read: 0 … Read more
Due to the “inherently pseudo-anonymous aspect” of crypto, the IRS reminds taxpayers of penalties for failure to report crypto on tax returns. #NEWS Go to Source Powered by WPeMatico
With the increasing popularity of bitcoin and the like, this year’s tax campaign in Europe comes with many questions on how to report and pay crypto taxes. Despite the obvious hesitation on the part of many governments to comprehensively regulate/legalize the sector, cryptocurrency incomes and profits “enjoy” special attention. Different decisions on the matter pose … Read more
While some governments around the world, both local and national, are taking steps to try and limit the spread of the use of cryptocurrencies, many others are trying to ensure their citizens are free to adopt the revolutionary technology. The latest example of this is the US state of Wyoming where the legislator has recently approved … Read more
