Saturday, June 19, 2021
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Tax

US Treasury Requires Any Crypto Transfer Over $10K Be Reported as Tax Evasion Countermeasure

The US government has long considered how cryptocurrencies should be taxed, and has, as yet, not thoroughly determined how to go forward....

Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K

Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them,...

Crypto.com Launches Tax Product for Canadians

Crypto.com has announced the launch of a free service that will make filing cryptocurrency taxes in Canada easier. Crypto Tax...

In 2023, South Korea will introduce crypto tax regulations

Eventually, the South Korean authorities agreed to tax income from digital currencies beginning in 2023.  The nation will continue...

Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force

The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of...

India mulls tax on crypto trading as Bitcoin hits $28,599.99

The world's most popular cryptocurrency hit a record $28,599.99 on Wednesday, taking gains this year past 295 per cent amid heightened...

Israeli Tax Agency Is Seeking Crypto Holding Disclosure

The Israeli Tax Authority (ITA) is sending notices to the residents asking them to disclose their digital currency holdings for taxation purposes.

Latest news

El Salvador’s request for assistance in embracing Bitcoin is turned down by the World Bank

El Salvador's application for help in adopting bitcoin as a currency was turned down by the World Bank, according to a spokeswoman...

Tanzania’s president has urged the country’s central bank to think of adopting digital money

Tanzania's leader has urged the nation's central bank to start looking into the significance digital currency assets may have in the national...

Hawaii had largest increase in demand for crypto out of US states this year

A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and...

Spanish Regulator Asks Crypto Firms to Submit Requests before Launching Ads

Spain’s National Securities Market Commission (CMNV) has issued an order that asks domestic crypto companies who wish to deploy advertising campaigns targeting...

This is the biggest concern ahead of Alonzo bringing smart contracts to Cardano

2021 has been a good year for Cardano, with the token hiking by over 1200% from its 1 January price at one...
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