Finland is a republic located in northern Europe with a population of around five million people. Finland is highly ranked in various human development indexes, economic freedom ratings and has one of the highest gross domestic product per capita in the world. Finland’s economy is built upon the service sector, manufacturing and refining, with largest industries being electronics, machinery and chemical. Finland is also highly developed in information technology and communications. Blockchain is pretty popular in Finland, that’s why the Finnish Tax Authority issued a pack of instructions for virtual currencies’ taxation. The Finland Bitcoin taxation is complex. Bitcoin is treated as a capital gain when transferred to another currency and as a trade when it is used as a payment for goods and services. Bitcoin that has an increased value after it is obtained is also taxable.
Finnish Parliament approved new legislation that will provide a legal status for cryptocurrency assets on March 13, 2019.
LocalBitcoins Announces Supervision by Financial Supervisory Authority of Finland
Danish authorities are going after those who traded Bitcoin for profit but did not yet declare the extra income.
Denmark Targets 2,700 Bitcoin Traders for Tax Payments After Tip-Off From Finland
Bank of Finland crypto report calls blockchain a “centralized ledger” and digital currencies a “fallacy.”
Bank of Finland Releases Scathing Crypto Report, Calls Digital Currency a “Fallacy”
11 suspects have been arrested in an investigation of a Spanish-Colombian crime ring using crypto to launder illicit funds.
Spanish Authorities Arrest 11 In Crypto Money Laundering Ring
Finnish cryptocurrency exchange and crypto wallet Prasos Oy faces a critical situation as 4 out of 5 banks blocked its transactions.
Finnish Crypto Exchange Risks Collapse As Banks Refuse To Do Business
Almost 20,000 unbanked migrants in Singapore could soon be making daily digital Blockchain payments.
Singapore Tests Blockchain Payments for 19,000 Unbanked Migrants
GoldMoney, the parent company of SchiffGold, Peter Schiff’s gold businesses which was acquired in 2014, will be offering Bitcoin brokerage services to its clien...
GoldMoney Integrates Bitcoin Despite Peter Schiff’s Bubble Comments