PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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PYMNTS

AUGUST 7, 2019

The European Central Bank (ECB) said in a report that fixing cryptocurrency asset data gaps still presents a sizable challenge for financial institutions as well as regulators, Cointelegraph reported. Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. In other news, U.S.

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PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. In Japan, Crypto Scrutiny.

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Taxes Google Data Regulation 130

PYMNTS

APRIL 14, 2018

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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PYMNTS

JANUARY 22, 2018

Bitcoin, the marquee name and poster child for cryptocurrencies, had a rough go of it on Monday (Jan. The rumors were enough to send several dozen brethren down in crypto-land, as Barron’s noted that the top 60 coins — ranked by market cap — slipped in tandem with bitcoin. And the wild ride, of course, continues.

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 Cryptocurrency and Blockchain.

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PYMNTS

JANUARY 26, 2018

By now you know South Korea is a prime mover for cryptocurrencies — be it up or down. And lest you think changes in tax policy sow confusion only in the United States, think again. The market, he said, “is very retail-heavy,” and retail investors who see their portfolios drop quickly by 20 percent are likely to rush to get out.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

NOVEMBER 12, 2018

Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services.

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PYMNTS

APRIL 6, 2018

In other news, embattled cryptocurrency exchange Coincheck is expected to accept a takeover offer from Monex Group , CoinDesk reported. And the jump in bitcoin prices in 2017 has created massive tax liabilities – to the tune of $25 billion, per a research note from Fundstrat Global Advisers , Reuters reported. As of 11:31 p.m.

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PYMNTS

AUGUST 24, 2017

Rising up over the last few decades, the latest to possibly join the bubble club has come in the form of cryptocurrencies. In a sense, digital currencies began via online payments, which have then shifted into the creation of cryptocurrency like bitcoin, Ethereum and dogecoin. The supply of a cryptocurrency is fixed in a very hard way.

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cryptocurrency Bitcoin Study Tools 117

PYMNTS

JANUARY 25, 2021

Officials have until April 1 to divest from any foreign cryptocurrencies, although they won’t be required to report any crypto holdings for the year 2020, the report stated. In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported.

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Bitcoin cryptocurrency Data National 261

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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PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported. In addition, the bank plans to research and develop its own cryptocurrency. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk.

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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.

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The Paypers

NOVEMBER 12, 2018

(The Paypers) The National Assembly Finance Commission of France has announced plans to simplify the tax regime imposed on the French cryptocurrency market.

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Taxes cryptocurrency National Marketing 28

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. With the treasury market for S&P 500 companies valued at $2.3

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PYMNTS

JULY 1, 2020

lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. Washington D.C.

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

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PYMNTS

OCTOBER 22, 2019

CNBC is reporting that Warren wrote a letter to Treasury Secretary Steven Mnuchin about the mid-September issues, including a deluge of corporate tax payments and settlements of government bond auctions, both of which have been a drain on a system that normally runs without hiccups.

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PYMNTS

MAY 23, 2019

There is some very big news for early investors in Block.one : The cryptocurrency startup will return as much as 6,567 percent in less than three years. Block.one is very much the odd one out in the crypto market,” said Tom Shaughnessy, co-founder of Delphi Digital, a crypto research firm in New York, according to Bloomberg.

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PYMNTS

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. Meanwhile, the German Federal Criminal Police Office police seized over $32,9 million worth of cryptocurrency from the head operators of movie2k.to, a movie streaming website, according to CoinTelegraph.

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PYMNTS

APRIL 14, 2019

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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Bitcoin cryptocurrency social media New York 187

PYMNTS

DECEMBER 8, 2019

The two-year bond will come to the market with 3.25 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. Bank of China announced that it has issued 20 billion yuan ($2.8 percent coupon rate. “We

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blockchain Bitcoin Taxes cryptocurrency 132

PYMNTS

SEPTEMBER 24, 2020

According to a summary of the bill, as cited by CoinDesk, “the proposed legislation builds on the existing commodity market practices required of Futures Commission Merchants (FCMs) to protect customer assets.”. 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

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

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California cryptocurrency Taxes Report 128

PYMNTS

APRIL 30, 2019

Bakkt, which is spearheaded by Intercontinental Exchange, owner of the New York Stock Exchange, has applied for a license to become a trust company, allowing it to hold bitcoin and other cryptocurrencies for customers. Suspension, Taxes and a Breach.

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Bitcoin Taxes New York Oklahoma 134

PYMNTS

JANUARY 17, 2018

Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. Ethereum and Ripple, which are the second- and third-most popular cryptocurrencies after bitcoin, also fell following reports that South Korea and China could ban trading of cryptocurrencies.

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Bitcoin cryptocurrency Taxes Regulation 126

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S., ” Confusion, Doubt Remain.

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PYMNTS

SEPTEMBER 26, 2018

The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. It marked the first drop in ICO funding in more than a year, according to Bloomberg reports, citing a correlation between ICO funding declines and drops in cryptocurrency values. ICO market.”

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Vitalik Buterin

APRIL 20, 2018

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets , which could be best described as an interesting new way of looking at the subject that is sometimes called “ political economy ” - tackling the big questions of how markets and politics and society intersect.

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PYMNTS

OCTOBER 8, 2019

Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. Coin Telegraph reported that Token Analyst found that almost 1.2

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Bitcoin Taxes Innovation cryptocurrency 181

PYMNTS

JULY 26, 2020

dollars that does not suffer from the delayed settlement and chargeback issues of traditional payment solutions, or the legal, accounting and tax issues of stablecoins,” the release stated. The new banking options are largely built around blockchain technologies.

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Wyoming cryptocurrency Regulation blockchain 153

MyBankTracker

SEPTEMBER 1, 2020

Bitcoin is one of the best-known cryptocurrencies and one that many people have decided to buy and hold like an investment. Coinbase is a company that makes it easy to buy and sell different cryptocurrencies, including bitcoin. Bitstamp, like Coinbase, is a website that facilitates the exchange of different cryptocurrencies and cash.

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Bitcoin How To Taxes cryptocurrency 52

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The scheme was a multilevel marketing (MLM) operation that went on for two years, and managed to scam 70,000 victims for a total of $147 million.

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PYMNTS

JANUARY 4, 2019

The new year has dawned with India’s government stating that it is eyeing cryptos with “due caution” and that there are no “clear recommendations” as to cryptocurrencies. And, as newbtc.com reported , there no longer are plans for the Reserve Bank of India to launch a national digital currency. One cue might come from the U.S.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

AUGUST 13, 2019

New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. 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. The ruling excludes the self-employed from earning incomes in digital currencies.

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