Taxes

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Japanese Crypto Investors Flee Capital Gains Taxation of up to 55%

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Reports have indicated that some investors are relocating in search of alternative taxation regimes in order to avoid heavy capital gains taxes. Japan currently taxes capital gains on profits derived through virtual currency trading at between 15% and 55%. Also Read: India’s Tax Department Issues Notices to 100,000 Crypto Investors Japanese Crypto Traders Prepare for Tax … Read more

Arizona Legislators Pass Bill Allowing Tax Payments in Bitcoin

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Legislators all over the world are keeping a close eye on cryptocurrency. With the global demand for Bitcoin rising once again, we can only hope to see more use cases for the world’s leading cryptocurrency. It seems that is finally happening in the state of Arizona right now. More specifically, its state senate passed a measure allowing residents to … Read more

Arizona Closer to Accepting Bitcoin and Regulating ICOs

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Arizona may become the first U.S. state to legalize bitcoin as a payment option for tax purposes. Bills to that end have been advancing in the State Legislature, with one of them already passed by the Senate Finance Committee. First reading of a draft law regulating ICOs has been scheduled, too. The Grand Canyon State … Read more

The IRS Takes Its Tax Evasion Hunt to the Blockchain

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As the adage goes, there are two certainties in life: death and taxes. For any U.S. bitcoiners considering wriggling out of the latter, that task just got a little harder. The country’s Internal Revenue Service has revealed that it’s bolstering its armory to make it easier to track down crypto tax evaders. It’s now assembled … Read more

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