# Tax (Page 32)

Now that figures are available for 2017, it appears South Korea’s moderate regulatory stance on cryptocurrencies is paying dividends, at least to government. Some 30 of the country’s cryptocurrency exchanges generated a combined USD 648 million in taxable revenue in 2017, Yonhap News...

Although reporting crypto gains and losses is mandatory in the US, it seems like American investors are staying low during tax season, according to Fortune.Apparently, only 0.04% of US tax filers have reported their gains and losses related to cryptocurrency to the Internal Revenue Service (IRS) so...

Regulators Prepare to Raid Japanese Exchanges DMM Opens Kanazawa Cryptocurrency Mine Coinbase US Users Face Tax Probe NVIDIA's Growth Fueled by Mining Vanity Fair Columnist Slams Forbes Crypto Rich ListCatch up on the most essential cryptocurrency and blockchain news stories breaking in Asia...

Dozens of crypto and blockchain entrepreneurs are on their way to Puerto Rico this winter, The New York Times reports. Plans for building a real crypto utopia are underway, funded by the wealth of Bitcoin billionaires. The utopia was supposed to be called Puertopia, until someone, supposedly very...

The Russian Ministry of Communications and Mass Media is developing a system to detect crypto miners to tax them, Vedomosti reported, citing two undisclosed sources familiar with the matter.“There will be a special system for detecting miners – through electricity consumption and...

The South Korean government announced it will collect up to 24.2% of corporate and local income taxes from the country's digital currency exchanges this year, according to Yonhap News. The local news agency also writes that, “under current laws, all corporations with income of over 20 billion...

In January, a bill was introduced to the Arizona Senate, which, if passed, would permit the State to receive tax payments in cryptocurrency.The amendment to the current State legislature to tax payments proposes a payment gateway for Bitcoin and other cryptocurrencies that would allow the tax...