カテゴリー: Crypto tax

The Daily: CEX.io Enforces KYC, Okex Updates BCH Ticker

The Daily: CEX.io Makes Verification Mandatory, Okex Updates BCH TickerIn today’s edition of The Daily we cover another cryptocurrency venue that now requires verification from traders, the latest exchange to update the BCH ticker since the recent hard fork, a new solution for reporting crypto taxes for cannabis merchants, and a new way in which founders are demonstrating commitment to their crypto businesses. Also […]

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The Daily: CEX.io Enforces KYC, Okex Updates BCH Ticker

The Daily: CEX.io Makes Verification Mandatory, Okex Updates BCH TickerIn today’s edition of The Daily we cover another cryptocurrency venue that now requires verification from traders, the latest exchange to update the BCH ticker since the recent hard fork, a new solution for reporting crypto taxes for cannabis merchants, and a new way in which founders are demonstrating commitment to their crypto businesses. Also […]

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IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm

IRS to Face Record Number of Loss Claims, Says Crypto Accounting FirmNode40, a developer of bitcoin tax-reporting software, expects the U.S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses. Also Read: G20 Leaders Declare Commitment to Regulate Crypto Assets Pros and Cons of Reporting Cryptocurrency traders […]

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Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining

Indian Government Considering 18% Retroactive Tax on Crypto Trading, MiningThe government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The […]

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This Week in Bitcoin: Taxes, Forks, Pranks and Porn

This Week in Bitcoin: Taxes, Forks, Pranks and PornBitcoin in Brief is your roundup of everything that matters from all over the vast cryptosphere that you might have missed. This week’s daily editions included stories about taxes, forks, pranks, porn and so much more. This weekly edition will bring you up to speed with everything covered; just make sure you keep up. Also […]

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South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income

South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency IncomeThe tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs […]

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Coinbase Launches Cryptocurrency Trading Tax Calculator

Coinbase Launches Cryptocurrency Trading Tax CalculatorHaving recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, […]

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Coinbase Sends American Clients IRS Tax Form 1099-K

Coinbase Sends American Clients IRS Tax Form 1099-K on Jan 31If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it. Also Read: Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m IRS Tax Form San Francisco-based cryptocurrency exchange […]

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Calls for “Legal Bitcoin” in Ukraine, as Natsbank Mulls E-Fiat

Calls for “Legal Bitcoin” in Ukraine, as Natsbank Mulls E-FiatUkraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit “e-hryvnias”, while the justice minister says bitcoin is a fact and calls for its legalization. […]

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Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB Director

Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB DirectorWhile major stock brokers are lining up to add bitcoin futures to their platforms, central bankers are apparently not too happy about it. A member of the European Central Bank (ECB) executive board has called the instruments a threat to the financial stability of the entire banking system. Also Read: After Ripple’s Rise BTC Dominance […]

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