Tax
What We Know About Filing Crypto Taxes - and What We Don’t
Regulators have been struggling to recognize cryptocurrency as a virtual asset, partly because they haven’t figured out how to tax it. This tax season, marks the first time a cryptocurrency question is on the IRS tax form - a feat six years in the making. However, the guidelines are as confusing as ever. Here’s what we know and what we don’t know about filing for your crypto taxes by July 15th.
Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
India Plans to Tax Income From Bitcoin Investments: Report
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
Russian Prime Minister Pledges to 'Civilize' Crypto Market and Prevent Scams
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.
South Korea May Delay Implementation of 20% Crypto Tax Till 2022
The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
Lithuania Makes Millions in First Sale of Seized Cryptocurrency
The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.
Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
Tax Payers Needn't Disclose Merely Holding Crypto: IRS Draft 2020 Guidance
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
A report suggests the action may be over the firm's digital currency, Masterbucks.
