Taxes

Belarus-style Silicon Valley: Why Nobody Rushes Up Into Tax-Free ICOs?

3 months ago kakp2 Comments Off on Belarus-style Silicon Valley: Why Nobody Rushes Up Into Tax-Free ICOs?
The “unprecedented” Decree on the Development of Digital Economy, signed by President Alexander Lukashenko in December, officially came into force on March 28 in the Republic of Belarus. The document signals a new dawn for the country, facilitating any form of cryptocurrency-related activity, and according to the leader should make Belarus “a tech country”. The Read More

CNBC Fast Money’s Brian Kelly: Bitcoin Is Like The ‘Internet In The 1980s’

3 months ago 7ring Comments Off on CNBC Fast Money’s Brian Kelly: Bitcoin Is Like The ‘Internet In The 1980s’
Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block. When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he Read More

Australian Taxation Office Reports Scammers Collecting Bitcoin On Its Behalf

4 months ago kakp2 Comments Off on Australian Taxation Office Reports Scammers Collecting Bitcoin On Its Behalf
The Australian Taxation Office (ATO) has recently issued a warning about a new type of scam claiming fake tax debt on behalf of ATO, and requesting tax payment via Bitcoin (BTC) and other cryptocurrencies in a public release updated on March 14. In the warning, ATO Assistant Commissioner Kath Anderson stated that the new kind Read More

Bitcoin and Solar Energy Fuel Investment in Japan: Expert Take

5 months ago kakp2 Comments Off on Bitcoin and Solar Energy Fuel Investment in Japan: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please Read More

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

5 months ago kakp2 Comments Off on Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS
US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS). The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one Read More

Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency

5 months ago kakp2 Comments Off on Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency
Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19. At an event at London’s Regent’s University, Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, Read More

South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’ Taxable Revenue For 2017

5 months ago kakp2 Comments Off on South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’ Taxable Revenue For 2017
The Upbit exchange generated more than half of South Korea’s $648 mln cryptocurrency exchange revenues in 2017, new government figures claim. According to data released by lawmaker Park Kwang-on and reported by local news media outlet Yonhap News Sunday, total revenues for Korea’s burgeoning exchange sector ballooned 8025% compared to 2016, when it amounted to Read More

Wyoming Introduces New Bill To Exempt Crypto From Property Taxation

5 months ago kakp2 Comments Off on Wyoming Introduces New Bill To Exempt Crypto From Property Taxation
A new tax bill has been introduced in the Wyoming state senate on Feb. 16 that would exempt virtual currencies from state property taxation, and suggests an effective date be provided for the tax exemption implementation. Wyoming Senate Bill 111 was introduced by senators Ogden Driskill, Tara Nethercott, and Chris Rothfuss, along with representatives Tyler Read More

Why Switzerland is Becoming a “Crypto Nation” with a Flourishing ICO Market: Expert Take

5 months ago kakp2 Comments Off on Why Switzerland is Becoming a “Crypto Nation” with a Flourishing ICO Market: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please Read More

Tax-Free Ways to Transfer Bitcoin and Other Crypto: Expert Take

5 months ago kakp2 Comments Off on Tax-Free Ways to Transfer Bitcoin and Other Crypto: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please Read More