Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain.
It is hard to define cryptocurrency taxes, because there is a lot of controversy surrounding it today. Society still has no consensus even on whether digital currencies are a property or a currency, and that triggers a huge difference in taxation procedure. The speed of exchange rate flows makes it impossible to establish a taxation time period equally suitable for everyone. Also, there are a lot of cryptocurrencies that were particularly designed to protect user’s anonymity and their protocols wouldn’t allow any government to tax it.
As cryptocurrency market is growing, and its sheer dollar value makes it more likely to catch an attention of regulators. Cryptocurrencies are also a great way of money laundering, so no government will be able to ignore the subject. Today there are a lot of news about new cryptocurrency taxes laws and it looks like there will be more over time.
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right.7833
Another crypto merger targets tax reporting.2897
Authorities in the canton of Zug now embrace cryptocurrency for tax settlement.8952
That will be confusing for some, and unsurprising for others.7045
The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact.6231
Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency.9054
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value.13729
The upcoming election is a big deal for financial markets.6388
A proposed capital gains tax cut could be good news for crypto traders in the U.S.5776
Coincheck's CEO expressed optimism toward the company's upcoming shareholder meeting app, GMO Coin announced negative leverage trading fees and more headlined news from Japan this past week.4063
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic.2304
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.9043
Here are some important things to know before giving donations in cryptocurrency for charitable purposes.4299
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced.2676