Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency
Bank of England Governor argues that cryptocurrency is neither a store of value nor a medium of exchange, countering US IRS definition #NEWS Go to Source Powered by WPeMatico
Taxes
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Spain Mulls Tax Breaks for Blockchain and Crypto Firms
Proposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through ICOs. If lawmakers adopt the amendments, investors will not be required to report crypto assets under certain … Read more
Wyoming Introduces New Bill To Exempt Crypto From Property Taxation
Wyoming’s new proposed bill exempts crypto from property tax. #NEWS Go to Source Powered by WPeMatico
South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’ Taxable Revenue For 2017
South Korea’s crypto exchanges are in line to pay 24.2% tax on revenues worth $650 mln, says the government. #NEWS Go to Source Powered by WPeMatico
Why Switzerland is Becoming a “Crypto Nation” with a Flourishing ICO Market: Expert Take
How regulatory approach makes Switzerland a cryptocurrency tax haven #EXPERT_TAKE Go to Source Powered by WPeMatico
Tax-Free Ways to Transfer Bitcoin and Other Crypto: Expert Take
You can give cryptocurrency as a gift, and it doesn’t trigger income taxes. Go to Source Powered by WPeMatico
Several States Spearhead Bitcoin Adoption in the U.S.
U.S. states with positive attitudes have advanced towards bitcoin legalization – a process that a growing number of elected officials consider inevitable, if not desirable. Numerous crypto-friendly bills have been introduced, and some of them have received approval in committees and houses of state legislatures. One wouldn’t necessarily think of states like Arizona, Tennessee, and … Read more
Spanish People’s Party Contemplates Tax Breaks For Blockchain-Based Companies
Spanish People’s Party considers tax breaks for Blockchain companies. #NEWS Go to Source Powered by WPeMatico
US: Tax Filing Service Says Only 0.04% Of Customers Reported Crypto To IRS For 2017
Despite rise in crypto adoption, almost no Americans have reported crypto gains or losses this tax season to date, says Credit Karma. #NEWS Go to Source Powered by WPeMatico
Paying Tax in Crypto Ironically Triggers More Taxes – Expert Take
The IRS is not accepting Bitcoin, Ripple or Ethereum for taxes yet. #EXPERT_TAKE Go to Source Powered by WPeMatico