Taxes News

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.  

News
“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states.
Israeli regulators propose Bitcoin be taxed as a currency, not an asset
Turner Wright
2020-09-24T21:50:00+01:00
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News
To ban crypto or to tax, that seems to be the question.
Russian ministry proposes criminal charges for failure to report crypto tax
Helen Partz
2020-09-24T10:39:01+01:00
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Expert Take
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity.
Illicit crypto transactions are getting more attention from the government
Selva Ozelli
2020-09-19T15:00:00+01:00
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Newsletter
Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain.
Law Decoded: Governments vs. blockchain privacy, Sept. 4-11
Kollen Post
2020-09-11T19:44:00+01:00
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News
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right.
IRS doubles down, investing another quarter million dollars into tracking crypto transactions
Kollen Post
2020-09-09T18:50:31+01:00
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News
Another crypto merger targets tax reporting.
European crypto tax firms merge in bid to expand to North American markets
Helen Partz
2020-09-08T11:01:14+01:00
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News
Authorities in the canton of Zug now embrace cryptocurrency for tax settlement.
‘Crypto Valley’ residents can now pay taxes in Bitcoin
Marie Huillet
2020-09-03T11:40:00+01:00
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News
That will be confusing for some, and unsurprising for others.
The IRS wants to tax every penny of your crypto, US government memorandum says
Benjamin Pirus
2020-09-01T18:26:51+01:00
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