Tax

Japan

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.

Policy & regulation  ·  18 October 2018
Supply Chain

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.

Policy & regulation  ·  15 October 2018
Regulation

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.

Policy & regulation  ·  21 September 2018
IRS

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.

Policy & regulation  ·  20 September 2018
Regulation

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.

Policy & regulation  ·  18 September 2018
Regulation

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.

Policy & regulation  ·  15 August 2018
Exchanges

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.

Policy & regulation  ·  30 July 2018
Tax

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.

Policy & regulation  ·  18 July 2018
IRS

International Task Force Notes Use of Cryptocurrencies in Financial Crime

Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

Policy & regulation  ·  4 July 2018
Cryptocurrency

Court Says India’s Crypto Exchange Bank Account Ban Will Continue

India's central bank won a key victory in court this week.

Policy & regulation  ·  3 July 2018
Japan

Japan’s Finance Minister Balks at Changing Crypto Tax Rules

Japan's top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies.

Markets  ·  27 June 2018
Regulation

US Senators Discuss Crypto Threat to Domestic Elections

DarkTower director Scott Dueweke said cryptocurrencies are "tailor made" for foreign powers hoping to influence American elections.

Policy & regulation  ·  26 June 2018
Exchanges

Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

Policy & regulation  ·  8 June 2018
Regulation

Chinese City to Use Blockchain In Fight Against Tax Evasion

Tencent is working with a local tax authority on fintech solutions to tax issues, and already has a blockchain product for invoicing.

Policy & regulation  ·  25 May 2018
Regulation

India Considers New Tax on Cryptocurrency Trades

India could soon impose goods and services tax (GST) on many digital currency transactions, a report indicates.

Policy & regulation  ·  23 May 2018