Tax

Tax

Markets

Coinbase Releases Cryptocurrency Tax Calculator

The U.S cryptocurrency exchange is easing the crypto tax procedure with a new automatic gain/loss calculator.

BTC

Markets

Regulators Could 'Take Away' Blockchain's Efficiencies, Congressman Warns

Rep. David Schweikert, co-chair of the Congressional Blockchain Caucus, talked about challenges facing mainstream adoption in a speech Thursday.

Rep. David Schweikert

Markets

Illinois Has Been Quietly Considering Bitcoin for Tax Payments

Three U.S. states – Illinois, Arizona and Georgia – are now actively considering bills to allow tax payments made in cryptocurrency.

Illinois house

Markets

Germany Won't Tax You for Buying Coffee With Bitcoin

Unlike the U.S., Germany will regard bitcoin as equivalent to legal tender when used as a means of payment, according to a new government document.

germany flags

Markets

Coinbase Tells 13,000 Users It's Sending Their Data to the IRS

Coinbase is emailing thousands of customers informing them their data will be sent to the U.S. Internal Revenue Service, as per a 2017 court order.

tax form

Markets

Georgia Becomes Latest State to Consider Bitcoin for Tax Payments

Two state senators in Georgia have proposed a new bill that would allow citizens to pay their tax obligations in bitcoin.

BTC

Markets

Israel Confirms It Will Tax Bitcoin as Property

Israel has confirmed that it will treat cryptocurrencies as taxable assets in a new circular published on Monday.

israel

Markets

Crypto Is Now Fastest Growing Donation for Fidelity Charitable

Fidelity Charitable has revealed it received $69 million in crypto donations in 2017, making it the fastest-growing option accepted by the firm.

coins, donations

Markets

Arizona Law Would Define When ICOs Are Securities

Two new bills introduced to the Arizona legislature would create legal definitions for cryptocurrencies and blockchain if passed.

az

Markets

Icelandic Lawmaker Floats Bitcoin Mining Tax

An Icelandic lawmaker has suggested imposing a new tax on the bitcoin miners that are flocking to the country.

Iceland