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UK’s Her Majesty’s Revenue and Customs (HMRC) Creates New Crypto Asset Guidance For Investors

The official tax agency of the United Kingdom, known as Her Majesty’s Revenue and Customs, has just released a set of guidelines that are meant to guide crypto investors and token holders on how they should pay their taxes and how they should see their digital assets. According to the report made by the tax […] дальше »

2018-12-19 20:02


UK tax agency releases guidance for crypto holders

On December 19, the United Kingdom’s tax agency released a comprehensive explanation of how it sees crypto assets and how individuals may be taxed on their holdings, CoinDesk reported. Her Majesty’s Revenue and Customs (HMRC), the government agency responsible for collecting taxes and overseeing other aspects of the nation’s coffers, explained that the report specifically […] дальше »

2018-12-19 19:21


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UK tax authorities: ‘crypto assets’ are not currency or money

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. дальше »

2018-12-19 15:03


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Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone. дальше »

2018-11-16 16:09


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Cryptocurrency Traders Evade Taxes Making Use of Lending Loopholes

According to an article by Venture Beat, published November 11, 2018, cryptocurrency traders in the U. S. have found a lending loophole to avoid taxation on their digital currency transactions. Evade Taxes by Loaning out Equivalent Amount Taxation has been one larger problems facing the cryptocurrency industry since it came into prominence. дальше »

2018-11-13 02:00


Square Generates $43 Million in Bitcoin Revenue in Q3, Profits Reach $500,000

Mobile payments and merchant services provider Square, Inc. has revealed its Q3 revenue report, and with it has shared some positive growth in Bitcoin-related revenue. Square Shows Steady Continued Growth in Bitcoin Revenue According to Square’s third quarter 2018 revenue report, the mobile payment firm generated $431 million in adjusted net revenue – beating FactSet. дальше »

2018-11-10 01:00