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Thai regulators have reportedly agreed to enact two separate laws on cryptocurrencies and initial coin offerings. They will regulate crypto businesses, the purchase and sale of cryptocurrencies, as well as their taxation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Laws Being Drafted The Thai Minister of Finance, Mr. Apisak Tantivorawong, said […]
The post Thailand to Pass Two New Cryptocurrency Laws appeared first on Bitcoin News.
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Germany is taking a lead within European Union established economies, deciding upon slow regulation when it comes to the world’s most popular cryptocurrency, bitcoin. It will not tax the digital asset as a form of payment, miner rewards escape the sting as well, and even some exchanges will receive exemptions. Also read: Bitcoin Futures Regulator […]
The post Germany Treads Lightly on Bitcoin Taxation appeared first on Bitcoin News.
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Israel Tax Authority issued a professional circular on February 19 (4 Adar 5768), clarifying the country’s tax policy on cryptocurrencies in general and bitcoin in particular. “Bitcoin and its like” are discussed in what’s referred to as a “final circular” on crypto and value-added tax (VAT) along with capital gains. Also read: Switzerland Enacts ICO Guidelines […]
The post Israel Tax Authority: Bitcoin is Property, Not Currency appeared first on Bitcoin News.
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A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies System to […]
The post Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break appeared first on Bitcoin News.
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The South Korean government has announced that some taxes can be applied to cryptocurrencies under the current law, which will be finalized in the first half of this year. Other taxes are also being considered but some are not easily implemented under the current tax system. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, […]
The post South Korea Found a Way to Tax Cryptocurrencies Under Current Law appeared first on Bitcoin News.
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The Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators for clarification. Also read: Russian Regulators Draft […]
The post Indians Confused Over Crypto Taxation – Exchanges Ask Government to Clarify appeared first on Bitcoin News.
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Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December 28. Also read: South Korea Clarifies Position […]
The post Miners from 15 Countries to Give Input for Russian Cryptocurrency Bill appeared first on Bitcoin News.
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