Tax

IRS

Everything You Were Afraid to Ask About Crypto Taxes

There's a lot of information to process, but ignoring it can be hazardous. The IRS is going to come after investors who are not reporting their gains.

Policy & regulation  ·  31 March 2018
IRS

Does the IRS Get a Cut of Your Bitcoin Cash?

The tax treatment of hard forks in the U.S. is uncertain and the IRS should issue guidance addressing such issues, says a legal expert.

Policy & regulation  ·  30 March 2018
IRS

Taxing All Bitcoin Buying Will Backfire for the IRS

The IRS' 2014 tax guidance may encourage cryptocurrency users to use unregulated foreign exchanges and use privacy coins like monero or zcash.

Policy & regulation  ·  30 March 2018
Regulation

Judge Backs FTC Asset Freeze in Crypto Fraud Case

U.S. Magistrate Lurana Snow has recommended that a preliminary injunction be enforced against four alleged scammers.

Policy & regulation  ·  28 March 2018
Regulation

Australia Seeks Public Input on Crypto Tax Guidelines

The Australian government is looking for public feedbacks to make sure crypto investors will not have excuse for not meeting their tax liability.

Policy & regulation  ·  27 March 2018
IRS

IRS Reminds US Taxpayers to Report Crypto Earnings

The IRS sent U.S. taxpayers a reminder Friday to pay taxes on any gains made from trading cryptocurrencies over the last year – including payments.

Markets  ·  23 March 2018
Cryptocurrency

OECD to G20: Crypto Tax Policies Need Global Clarity

The global economic organization has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency.

Policy & regulation  ·  21 March 2018
IRS

ABA to IRS: Create Safe Harbor for Forked Cryptos

The American Bar Association Section of Taxation issued some advice to the IRS regarding the taxation of cryptocurrency produced by hard forks.

Policy & regulation  ·  21 March 2018
ICOs

SEC Official Says ‘Dozens’ of Crypto Investigations Underway

Stephanie Avakian, a co-director of the U.S. SEC's Enforcement Division, said the agency is investigating "dozens" of ICO campaigns.

Policy & regulation  ·  16 March 2018
Regulation

Puerto Rico Aims to Attract Blockchain Startups With New Council

Puerto Rico's government has created an advisory council aimed at spurring the development of blockchain businesses.

Policy & regulation  ·  15 March 2018
Regulation

Thailand’s Cabinet Moves to Regulate and Tax Cryptocurrencies

The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.

Policy & regulation  ·  14 March 2018
Exchanges

Coinbase Releases Cryptocurrency Tax Calculator

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

Markets  ·  13 March 2018
Regulation

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.

Policy & regulation  ·  8 March 2018
Regulation

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.

Policy & regulation  ·  6 March 2018
Bitcoin

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.

Policy & regulation  ·  28 February 2018