2023-11-14 14:06 |
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols. origin »
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Oyster Protocol founder Amir Bruno Elmaani admitted he had secretly minted and sold the project’s PRL tokens for his gain. Elmaani will spend four years in prison for causing $5.5 million in tax losses. In a press release on Oct.…
2023-11-1 15:31 | |
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A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS.
2023-7-27 22:45 | |
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Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
2023-6-27 12:57 | |
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Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.
2023-5-12 15:32 | |
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Thailand’s government will offer tax breaks for companies issuing investment tokens. The government expects over $3 billion worth of investment token offerings over the next two years. The move could attract more cryptocurrency companies to Thailand.
2023-3-8 18:29 | |
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The waiving of corporation and sales taxes targets companies that issue digital tokens for investment
2023-3-7 15:14 | |
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Floki Inu will burn 4. 97 trillion FLOKI tokens worth over $55 million if the DAO vote passes. The meme coin project is also looking to cut transaction tax from 3% to 0. 3% and permanently disable the cross-chain bridge.
2023-1-29 17:53 | |
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What are Token Reflections? Reflection tokens represent a form of taxation on crypto transactions implemented on the protocol level. They are similar to taxes levied on stocks and bonds, except it’s applied to crypto assets.
2022-11-5 18:55 | |
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The biggest news in the cryptoverse for October 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush, Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes.
2022-10-20 01:40 | |
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The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.
2022-10-19 15:45 | |
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An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category.
2022-10-19 11:05 | |
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Despite postponing crypto gains tax to 2025, the South Korean Ministry of Strategy and Finance has today declared that virtual asset airdrops, hard forked tokens, and staking rewards will be subject to a gift tax under the Inheritance and Gift Tax Act.
2022-8-23 14:20 | |
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It started as a Blockchain platform for collecting and breeding cats, but now it is the new internet and financial sensation. I am talking about Non-fungible tokens, usually referred to by the acronym NFTs.
2022-4-16 18:16 | |
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The Korea Digital Asset Industry Committee meeting discussed crypto tax, DeFi markets, nonfungible tokens and the metaverse during its meeting on Thursday.
2022-3-5 16:40 | |
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Investors receiving airdrops should be aware of the tax implications of their newly-earned tokens to avoid unwelcome surprises from the IRS.
2022-2-26 18:00 | |
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Nonfungible tokens, or NFTs, exchanges will need to navigate conflicting aims for the required transparency and the desired anonymity.
2022-2-21 17:13 | |
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The UK tax authorities confiscated three non-fungible tokens and $6,700 worth of cryptocurrencies, and also detained three people as part of a money laundering case.
2022-2-18 17:51 | |
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The Internal Revenue Service (IRS) has accepted to refund $3,393 in income tax plus interest on the tax to a Nashville couple who remitted the tax on 8,876 Tezos tokens they had acquired through staking according to sources.
2022-2-3 16:32 | |
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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap.
2022-1-28 23:00 | |
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Austria plans to launch a tax reform to see only certain crypto transactions be subject to a 27.5% capital gains levy by treating them like stocks and bonds. The post Austrian Crypto Tax Will Treat Tokens Like Stock appeared first on BeInCrypto.
2021-11-10 10:06 | |
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It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs).
2021-10-8 19:00 | |
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The country’s crypto tax rules that had been previously proposed have been accepted and will go into effect in 2022. As of now, non-fungible tokens (NFTs) are not included under the tax. The post South Korea Plans 20% Crypto-Tax From 2022, Will Exclude NFTs as Taxable appeared first on BeInCrypto.
2021-10-8 20:24 | |
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Non-fungible tokens (NFTs) continue to boom. However, with record sales and brand new investors in the space, what does this mean come tax season? The post NFTs and Taxes — Creators and Investors Need to Pay Attention appeared first on BeInCrypto.
2021-9-16 18:00 | |
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FLR tokens will be airdropped to a vast majority of XRP holders in late Q2, 2021. US-based Certified Public Accountant, James Yochum, took Twitter to elaborate on how taxation norms could potentially The post Ripple CTO addresses tax confusion on FLR airdrop to XRP holders appeared first on AMBCrypto.
2021-4-21 21:33 | |
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NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year’s taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a […]
2021-4-15 18:21 | |
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Unless you have been living under a rock, you will have heard about Ethereum. It is a blockchain that has given Bitcoin a run for its money over the years. A decentralized protocol, meaning no interference from Governments, intermediaries or even the tax man, it allows developers to build their own open-source decentralized apps, withRead More
2021-4-15 04:51 | |
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South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.
2021-3-20 03:30 | |
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"Bruno Brock" is alleged to have avoided tax on sales of the pearl cryptocurrency as well as minting free tokens for himself.
2020-12-10 12:34 | |
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Switzerland’s crypto valley, Zug, is taking another step towards complete virtual currency adoption with plans to begin accepting tax payments in cryptocurrency. Several tax offices around the world have okayed citizens meeting their tax obligations using virtual tokens.
2020-9-5 13:00 | |
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Monaco, long known as a tax haven and a playground for billionaires, is close to becoming a digital currency hub after the government approved an ambitious security token project’s broader issuance plans on Thursday, reports CoinDesk.
2020-6-26 21:07 | |
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The Internal Revenue Authority of Singapore (IRAS) has published new crypto tax guidelines indicating a tax exemption for hard forks and airdrops. Also, the guide outlines Singapore’s tax treatment scheme for digital tokens and securities.
2020-4-21 23:07 | |
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Singapore’s taxation authority has clarified how it taxes the transaction of payment, utility and security tokens.
2020-4-20 07:00 | |
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Singapore-based miners will not be subject to capital taxation on the fluctuations of tokens generated
2020-4-20 23:30 | |
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The U. S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes the online gaming sensation, Fortnite.
2020-2-13 14:30 | |
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About $400 million worth of XRP tokens can be associated with illegal transactions, according to London-based blockchain analysis firm Elliptic. Ripple is using its affiliated charity foundation as a corporate and executive tax shelter, according to crypto research firm Messari.
2019-11-21 12:20 | |
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Bitcoin price has somehow managed to remain in the green over the past 7 days despite a string of unfavourable events. Regulators remain hawkish, tax authorities are tightening their grip and Facebook’s Libra is back under scrutiny again.
2019-10-14 15:39 | |
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Coinspeaker Potential Crypto Tax Cuts Could Boost Singapore BusinessesMultinational professional services firm and one of the ‘Big Four’ auditors, PwC, praises Singapore’s move to exempt cryptocurrencies and digital tokens from sales tax when used to pay for goods and services.
2019-7-30 11:56 | |
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The nuco. cloud (short term of nubes computatrum) is a cloudbased distributed computing network developed by the Iron Eagle Capital GmbH, based on BOINC (Berkeley Open Infrastructure Network Computing), the scientific computing cloud of the University of California, Berkeley, and Gridcoin.
2019-7-9 17:17 | |
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Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved.
2019-7-9 17:59 | |
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The Bait Of PoS Tokens And Why Taxing Them Can Easily Lead To A Negative Balance Apparently, the lure of PoS cryptocurrencies yielding annual rewards seems to be another farfetched fallacy and a huge tax burden.
2019-4-30 23:01 | |
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The attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes on PoS tokens.
2019-4-27 19:00 | |
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In this edition of The Daily we cover a regulated exchange that is starting to list security tokens, a new tool for accountants serving cryptocurrency users, and Coinbase linking its platform and wallet app in addition to adding XLM trading on Coinbase Pro.
2019-3-14 14:50 | |
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The banking whistleblower, Frenchman Herve Falciani, is currently working in a new virtual currency that he believes could be embraced by regulators. Living in exile in Spain, Falciani is known for being an HSBC systems engineer that leaked client data triggering high-profile tax investigations.
2019-2-9 05:21 | |
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Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax measures apply to crypto, which essentially falls under existing taxation schemes.
2018-12-21 22:00 | |
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The UK‘s tax office, Her Majesty’s Revenue and Customs, published details that outlines its stance on cryptocurrency and digital assets, obviously in the name of taxation. In a document titled “cryptoassets for individuals,” spotted by Coindesk, the HMRC highlights how it does “not consider cryptoassets to be currency or money.
2018-12-19 15:03 | |
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South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.
2018-12-4 11:15 | |
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South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.
2018-12-4 11:15 | |
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Do You Owe Tax Money In Ohio? You Can Now Use Bitcoin As Settlement! Do You Owe Tax Money In Ohio? You Can Now Use Bitcoin As Settlement! Bitcoin ABC's Bitcoin Cash Software Enhancement Prevents Chain Reorganizations Bitcoin ABC's Bitcoin Cash Software Enhancement Prevents Chain Reorganizations Crypto Market Sees Major Sell Off Causing Tokens To […]
2018-11-27 22:42 | |
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Cryptocurrencies have been under the hawkish eye of tax authorities all around the world for quite some time. Just recently, the spotlight became even brighter when US Congress and Securities and Exchange Commission held hearings with various financial and crypto experts.
2018-11-12 02:25 | |
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in an email sent to U. S. -based users on June 28, U. K. fintech firm Revolut announced that it is ending support for three major cryptocurrencies. The company stated that U. S. users will not be able to buy Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app, effective immediately.
The cryptocurrency market saw net outflows of $41. 5 billion over the last 24 hours and currently stands at $1. 01 trillion — down 3. 9% from $1. 06 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 4.
The cryptocurrency market saw net outflows of $4. 4 billion over the last 24 hours and currently stands at $1. 06 trillion — down 0. 4% from $1. 06 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.
Quick Take Around 12:30 PM GMT, the Bitcoin network experienced another positive adjustment in difficulty, marking an increase of 2%. This adjustment represents the tenth positive change this year and, notably, the third consecutive one.
Since last Friday’s wMarket report, the cryptocurrency market saw outflows of $49. 5 billion and currently stands at $1. 06 trillion — down 4. 5% from $1. 11 trillion. Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 2.
The cryptocurrency market saw net outflows of $3. 8 billion over the last 24 hours and currently stands at $1. 13 trillion — down 0. 3% from $1. 14 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.