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Despite being roundly rejected by a vocal majority of the Bitcoin Cash community, a controversial miner’s tax is still causing rifts among the coin’s adherents.In January, a conglomerate of Bitcoin Cash mining companies suggested an enforced 12.5% tax on BCH miners as a way of funding community development. After
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Blockchain-native software and tax services company, Lukka, has been chosen to provide crypto taxation software to the fifth-largest accounting firm in the United States, RSM.Cointelegraph spoke to Lukka CCO Jeremy Drane, and RSM senior manager of international tax and blockchain/cryptocurrency, Jamison Sites, to find out more about the partnership
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The Agencia Estatal de Administracion Tributaria (AEAT), which is Spain’s tax agency, has announced plans to send out more letters to holders of bitcoin (BTC) and other blockchain-based cryptocurrencies in the nation in spite of the current global economic downturn caused by the coronavirus pandemic, according to reports on April
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The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations.According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of
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EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA).Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on
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Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers.On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax.Now, Crypto.com’s users can import their historical
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In a bid to regulate its cryptocurrency space, Ukraine‘s National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March
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Each crypto token commands a small army of fierce supporters. For many, the sole cryptocurrency that is worthy of such staunch support is Bitcoin (BTC). But what truly is Bitcoin, what is its purpose, and how can it be fully optimized?The division among those trying to answer these questions
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A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19 in an announcement. Upbit said in the announcement that (Know Your Customer) KYC
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Steve Chen, the ringleader behind the $100 million-plus Gemcoin fraud of 2013-2015, agreed to plead guilty Wednesday to tax evasion and conspiracy to commit wire fraud.The 62-year-old San Gabriel Valley resident will face a minimum of 10 years in prison, according to the Department of Justice (DOJ).As part of his
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