Tax
Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin
Ohio has become the first U.S. state to allow taxes to be paid in bitcoin, starting with businesses.
Norway Ends Power Tax Subsidy for Bitcoin Miners
The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.
Japanese Government Working to Simplify Cryptocurrency Tax Filings
Japan's Tax Commission is planning to introduce a new system to make it easier for crypto traders and investors to calculate their profits.
Blockchain Refresh: Why KPMG's New Strategy Focuses on Customs
Big Four consultancy KPMG is expanding its blockchain activities beyond pure financial services work to explore a less-traveled path.
US Congressman Drafts Bills to Aid Blockchain Development
U.S. Representative Tom Emmer plans to introduce three blockchain-focused bills to Congress in the coming weeks aimed at spurring development.
US Lawmakers 'Strongly Urge' IRS to Update Crypto Tax Guidance
U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated.
Digital Assets Don't Change Reporting Needs, SEC's Top Accountant Says
The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.
Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.
Korean Government Seeks to Strip Tax Perks From Crypto Exchanges
Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.
South Korea Plans Tax Perks for Blockchain Startups
South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.
