PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 Thus, bitcoin traded below $10,000, and cryptos traded down in sympathy.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

JULY 22, 2020

In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported. The country had been looking to tax digital currency income for more than half of a year. 3, while the revamped tax code could become live as of Oct. 1 of next year.

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Taxes National Bitcoin US 159

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. So, time to panic in bitcoin land? All in, bitcoin and its crypto cousins lost (then regained, then lost again) a lot of value this week.

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Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

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Bitcoin Regulation New York Video 108

PYMNTS

AUGUST 29, 2019

In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country. Coin Telegraph reported that the confirmation follows a previous tax ruling by the regulator that cryptos should not be taxed in Portugal.

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PYMNTS

AUGUST 13, 2019

Companies that opt to pay employees in crypto will be able to deduct tax under the country’s pay-as-you-earn income tax scheme. Securities and Exchange Commission ( SEC ) has delayed a decision on approving two bitcoin exchange-traded funds. The ruling excludes the self-employed from earning incomes in digital currencies.

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Bitcoin Taxes cryptocurrency blockchain 123

PYMNTS

APRIL 30, 2019

A venure that would make it easier for consumers to pay for purchases in bitcoin is applying for a license from New York state regulators. “This structure will provide the first end-to-end regulated environment for price discovery of crypto — ? . Suspension, Taxes and a Breach.

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Bitcoin Taxes New York Oklahoma 134

PYMNTS

JANUARY 17, 2018

Bitcoin took a tumble on Wednesday, dropping as much as 20 percent and dipping below the $10,000 mark, Reuters reported. Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. at 5:25 P.M. according to CoinDesk.

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Bitcoin cryptocurrency Taxes Regulation 126

PYMNTS

JANUARY 16, 2020

“In order for there to be mass adoption, the path forward is a regulated, compliant exchange system that clients have become accustomed to in traditional finance.”. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient. 16) by Cointelegraph. .

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Taxes Bitcoin cryptocurrency National 131

PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated. In other bitcoin news, U.K.-based

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Bitcoin Taxes Guidelines cryptocurrency 130

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

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Bitcoin blockchain Taxes Austin 132

PYMNTS

DECEMBER 8, 2019

In other news, Brazil has released a new tax code that includes regulation that will fine anyone who does not declare their bitcoin and other crypto transactions. In addition, the head of the Federation of Industries of the State of São Paulo also voiced concerns that Brazilians could start using crypto to evade taxes.

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blockchain Bitcoin Taxes cryptocurrency 132

PYMNTS

JANUARY 25, 2021

The data leaked included names, email addresses, phone numbers, bank account details and tax ID numbers, the report stated. They could become a “safe-haven asset” and used for asset diversification in investor portfolios if they can overcome volatility, regulation, trust and reputation challenges, according to the report.

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Bitcoin cryptocurrency Data National 261

PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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Bitcoin cryptocurrency blockchain Regulation 177

PYMNTS

JANUARY 31, 2018

As regulators in the U.S. and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015. 31), bitcoin was trading at $9,975.42, according to Coindesk. Bitcoin hit a low of $9,627.89 As of 2:02 P.M.

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PYMNTS

DECEMBER 20, 2017

Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. In today’s bitcoin roundup, regulatory bodies in the U.S. In today’s bitcoin roundup, regulatory bodies in the U.S. According to Tuesday (Dec.

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PYMNTS

SEPTEMBER 24, 2020

In other news, the Ministry of Finance in Russia keeps advocating for digital currency industry rules through the introduction of new tax mandates, Cointelegraph reported. The body is reportedly aiming to bring about criminal responsibility for those that don't declare taxes on digital currency.

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National Report Taxes Bitcoin 121

PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Promoting bitcoin. Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. So, why digital currencies? Oh, please.

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Bitcoin blockchain Regulation Operations 100

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

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Security Bitcoin Taxes United States 130

PYMNTS

FEBRUARY 5, 2018

That slide occurred as global concerns come to bear on the digital currency, tied primarily to bans on buying bitcoin levied by banks. As reported by Reuters , the price, quoted from Bitstamp, now represents a fall that has taken bitcoin well off its peak of nearly $20,000 seen late last year.

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Bitcoin cryptocurrency Taxes Cards 113

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

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Data Bitcoin cryptocurrency Taxes 212

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Crypto Conference.

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cryptocurrency Regulation Conference Taxes 472

PYMNTS

SEPTEMBER 9, 2016

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). And do you care?

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Bitcoin cryptocurrency Security Taxes 100

Chris Skinner

FEBRUARY 20, 2018

Things we’re reading today include … Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says HSBC profits more than double to $17.2bn Top City regulator used tax break scheme Venezuela launches oil cryptocurrency MPs publish full unredacted report into RBS small business scandal HSBC warns … The post Things (..)

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Bitcoin Taxes cryptocurrency Regulation 177

PYMNTS

JANUARY 20, 2017

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks.

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Bitcoin Taxes Security Operations 100

PYMNTS

FEBRUARY 28, 2019

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The beta version will work with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP, as well as euros and British pounds.

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Ohio cryptocurrency Taxes Bitcoin 162

PYMNTS

APRIL 16, 2019

provider of business travel management services to small business (SMB) companies, announced a partnership with BitPay , which will allow Corporate Traveller to accept bitcoin and Bitcoin Cash payments from its customers. “We In other news, Corporate Traveller , a U.K.

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Bitcoin blockchain Taxes Management 100

PYMNTS

AUGUST 14, 2019

New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency. Tax regulators noted that businesses can use foreign exchanges to facilitate their crypto payments, and offered guidance on how to calculate PAYE taxes and levies when paying in crypto. “If

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cryptocurrency Taxes Bitcoin blockchain 134

PYMNTS

JANUARY 22, 2018

Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. In 2013, Silbert reported that the Bitcoin Investment Trust, which he founded , received $70 million in investments.

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cryptocurrency Bitcoin Taxes America 140

PYMNTS

MARCH 30, 2018

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk.

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Bitcoin cryptocurrency Marketing Taxes 124

PYMNTS

NOVEMBER 27, 2018

The terms of this mandate will ensure that these areas are regulated and managed in a way that provides job opportunities as well as income for the government and people of Nigeria. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

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blockchain cryptocurrency Bitcoin Ohio 193

PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

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Payments Source

FEBRUARY 1, 2018

The South Asian nation’s income tax officials had started investigations into transactions at various illegal bitcoin exchanges in December, soon after the country’s central bank cautioned users about potential risks.

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Bitcoin blockchain Taxes Regulation 67

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

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cryptocurrency Regulation Trends Bitcoin 323

Chris Skinner

SEPTEMBER 12, 2016

Things we’re reading today include … Deutsche Bank boss tells staff to think like a tech firm, if they keep their jobs HSBC retail head sees more bank partnerships with financial tech firms UK regulators seen as fintech friendly Chancellor dismantles key Osborne pledge to cut corporation tax Bitcoin technology offers hacker protection Bank (..)

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Bitcoin Taxes Regulation Retail 150

PYMNTS

NOVEMBER 5, 2018

At this writing, bitcoin trades were at $6,352. Bitcoin stands out for the month with “only” a 4.5 As has been seen before and will be seen again, the specter of regulation is likely to set off a stampede for the proverbial (crypto) door. In tandem with the derivatives scrutiny (across bitcoin, futures and options), in the U.K.,

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Bitcoin Regulation cryptocurrency Marketing 187

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

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Bitcoin cryptocurrency Taxes Security 148