2024-2-24 13:59 |
South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency. origin »
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A local report revealed the provincial tax department’s implementation of a new digital tracking system in one of South Korea’s most important provinces. As the first of its kind in the country, the new system reduces the process’ time and facilitates the tracking of crypto assets held by debtors in virtual asset exchanges. Related Reading: […]
2024-2-23 05:00 | |
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The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.
2023-12-1 19:46 | |
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The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seven crypto exchanges, including Upbit and Bithumb, to punish these delinquents. These exchanges have been […]
2023-8-23 01:00 | |
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City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.
2023-8-22 11:38 | |
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Calling Bitcoiners “tax evaders” or imposing arbitrary tariffs can’t stop the inevitable progression of technology.
2023-5-27 15:00 | |
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Unmasking the tensions between crypto traders, wealthy tax evaders, and the imminent financial crisis, U.S. President Joe Biden takes a firm stance against biased fiscal deals.
2023-5-23 18:42 | |
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Wrapping up his participation in the Group of Seven (G7) forum in Japan, President Joe Biden criticized affluent tax evaders and crypto traders who he believes benefit unfairly from Republican lawmakers.
2023-5-22 23:52 | |
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Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation.
2023-2-2 10:02 | |
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The tax collection agency of the United States is doubling down on tackling cryptocurrency tax evasion. The IRS’s Criminal Investigation division said it is preparing “hundreds” of cryptocurrency tax evasion cases, according to chief Jim Lee.
2022-11-5 20:15 | |
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South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of theThe post South Korea seizes crypto-assets worth $180M from tax evaders appeared first on AMBCrypto.
2022-9-27 15:30 | |
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The United States Internal Revenue Service (IRS) has been authorized by a court to issue a so-called “John Doe” summons against M.Y. Safra Bank. The request follows the failure of crypto users who use the bank to pay their transaction…
2022-9-24 11:00 | |
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The ability to issue “John Doe” summons to M.Y. Safra Bank has been authorized by the U.S. Internal Revenue Service (IRS), enabling the tax authority to seek information on clients of the bank’s partner SFOX, a crypto primary broker. IRS’…
2022-9-23 16:50 | |
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The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
2022-9-23 05:57 | |
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South Korea’s National Tax Service has combined forces with the Ministry of Strategy and Finance, and other agencies as well as local government authorities, to seize over $184 million worth of Bitcoin (BTC) and altcoins from alleged tax evaders in…
2022-9-22 14:30 | |
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South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on September 22. The post Korean tax authorities seize $185M worth of crypto from tax evaders since 2021 appeared first on CryptoSlate.
2022-9-22 13:40 | |
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The IRS can serve a "John Doe" summons on crypto prime dealer SFOX, a court ruled Monday, allowing the tax agency to ask SFOX to provide details on any customers who transacted over $20,000 between 2016 and 2021.
2022-8-17 21:18 | |
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South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets.
2021-7-26 12:02 | |
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South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars.
2021-6-24 07:30 | |
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While officials conduct the largest “crypto seizure for back taxes in Korean history,” FSC Chairman warns that cryptos can crash into nothing if exchanges are not approved under the VASP license. Koreans meanwhile remain more interested in Doge and XRP than BTC and ETH.
2021-6-23 17:53 | |
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A renowned TV host and a doctor are among wealthy individuals whose crypto assets… The post South Korea Seizes Over $47M in Crypto from Wealthy Tax Evaders appeared first on Coin Journal.
2021-6-23 13:27 | |
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The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month.
2021-5-14 08:30 | |
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The U.K. tax authority is trying to crack down on wealth hidden in “unsanctioned” currencies.
2021-4-29 12:09 | |
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South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.
2021-4-25 03:33 | |
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The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents.
2021-4-24 14:19 | |
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Senator Rob Portman (R-OH) is creating a bipartisan bill aimed at making life harder for crypto tax evaders. In an interview on CNBC’s Squawk Box on April 20, 2021, the politician made it clear that his bill will foster better information reporting on bitcoin (BTC) and more.
2021-4-22 23:01 | |
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Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.
2021-4-16 01:30 | |
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The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedThe post South Korea's Gyeongju targets tax defaulters via virtual asset seizures appeared first on AMBCrypto.
2021-4-15 23:30 | |
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South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won.
2021-3-17 08:30 | |
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As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto.
2021-3-15 14:30 | |
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U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders.
2020-10-12 16:30 | |
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France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car.
2019-12-29 09:45 | |
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Denmark is set to enforce robust bitcoin tax compliance at its tax agency has received information about 20,000 crypto owners in the country. The Scandinavian nation is the latest country to move towards combating crypto tax evasion.
2019-12-11 17:32 | |
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As the definitions that cover cryptocurrencies evolve, countries have to decide how their taxes will apply. In Denmark, the tax authority has been pursuing consumers that have been avoiding the payment of their taxes that they should rightfully pay, due to their trading activity.
2019-12-11 17:25 | |
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Denmark's tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities.
2019-12-11 17:00 | |
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The U. S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map.
2019-11-11 22:00 | |
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The United States’ Internal Revenue Service (IRS) says that a recent meeting with other global tax authorities has given it much deeper insight into how to track those using cryptocurrency to avoid paying taxes.
2019-11-10 08:34 | |
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The criminal division of the U. S. Internal Revenue System (IRS) recently announced that it was able to identify dozens of people who were using cryptocurrencies to evade taxes or to commit crimes without getting caught.
2019-11-9 07:10 | |
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The U. S. may be dragging its heels but check out the top 5 pro-crypto countries that have taken positive action lately. Top 5 Pro-Crypto Countries The U. S. kicked the Bitcoin ETF can down the road and asked for more details on ICOs.
2019-10-1 20:00 | |
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The tax authority of the United Kingdom, HM Revenue & Customs, has recently revealed that it is about to take data from exchanges in order to get unpaid taxes. Three major exchanges, CEX.IO, Coinbase, and eToro, received letters last week that demanded them to give information about their customers to the government. According to reports, […]
2019-8-7 22:49 | |
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The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
2019-8-7 17:02 | |
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The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
2019-8-6 17:02 | |
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Bitcoin has been called many things over its 10-year lifespan. A tool for tax evaders and drug dealers, check. The world’s next safe haven, sure. But most notably, the cryptocurrency has been labeled a “Ponzi scheme” by its thousands, maybe millions of skeptics.
2019-7-9 14:00 | |
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By CCN Markets: The bitcoin price rocketed past $10,000 for the first time since 2018, and crypto fans are celebrating. But they’re not the only ones noticing the budding cryptocurrency bull market.
2019-6-24 18:45 | |
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By CCN Markets: U. S. citizens who have failed to report their income from crypto transactions or underreported such income now have every reason to worry. According to Bloomberg, the Internal Revenue Service has identified a couple of taxpayers who underreported their earnings from crypto income or completely failed to report such earnings.
2019-6-22 15:14 | |
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Operating beyond national borders, cryptocurrency presents a unique set of challenges to tax collectors. As a result, authorities are moving towards increasing international cooperation and information sharing to enforce local taxation laws.
2019-6-15 23:00 | |
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By CCN Markets: The IRS will soon hunt down bitcoin users who don’t pay taxes by criminally prosecuting them en masse. That’s the prediction of IRS tax investigator Gary Alford, who says the agency is ready to clamp down on crypto tax evaders.
2019-6-14 15:51 | |
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While Bitcoin has revolutionized the digital currency and decentralized finance space, Bitcoin has often been followed by its dark past. Its wide use on the dark net and its association with Silk Road has lent it a slightly shady reputation.
2019-6-14 15:00 | |
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Cryptocurrency tax evaders may not be able to hide in the shadows any longer, as tax agencies are now on the alert. Countries like Japan and Australia have placed virtual currency evaders on their priority list and are seeking effective means to nab cryptocurrency tax offenders.
2019-6-7 01:00 | |
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176K traders liquidated as crypto volatility spikes, wiping out leveraged longs across Bitcoin, Ethereum, and major altcoins.
Bitget, the world’s largest Universal Exchange (UEX), today announced the launch of the Bitget Fan Club, a new community initiative designed to bring users closer into the platform’s growth journey through structured participation, product collaboration, and content-driven engagement.
DWF Labs’ Andrei Grachev believes Bitcoin’s pullback may signal market bottom, with institutions shifting their focus to execution-driven crypto projects.
Alchemy Pay contacts HTF Securities to bridge TradFi and crypto to expande regulated advisory and payment services in digital asset market of Hong Kong.
Over 311,000 traders faced liquidations totaling $1. 45 billion as Bitcoin, Ethereum, and Solana plunged into bear market territory during a massive long squeeze. The post Crypto Liquidations Hit $1.
Strategy stock dipped before earnings release as Bitcoin fell below $70,000, a reflection of the broader crypto meltdown. The post Market on Edge as Strategy Set to Report Earnings, BTC Drops Below $70,000 appeared first on Coinspeaker.
The cryptocurrency market has continued its bearish start to February as Bitcoin and other major coins and tokens recorded massive losses on Wednesday. Bitcoin lost 7% of its value in the last 24 hours and briefly dropped below the $71k level.