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Australian Tax Office to Tighten Crypto Tax Collection This Year

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The Australian Taxation Office (ATO) is reported to be channeling its attention on taxes owed by cryptocurrency investors this year, according to Cointelegraph. The Australian Taxation Office is an Australian government statutory agency and the principal revenue collection body for the Australian government. The ATO will be enforcing its tax requirements this year by using 100 point checks, a security …


Russians Race to Pay Crypto Taxes Before Government Legislation

Russians Race to Pay Crypto Taxes Before Government Legislation

It has been reported that Russian taxpayers are now declaring their crypto earnings prior to Duma legislation being passed in the country. Many European countries are currently tackling their tax laws in the light of the increasing popularity of cryptocurrencies and a rapid rise in digital currency adoption. France is a case in point. French daily Le Monde noted earlier …


Forget Millennials, Tokyo Seniors’ Center Proves Age No Barrier to Bitcoin

Forget Millennials, Tokyo Seniors' Center Proves Age No Barrier to Bitcoin

A center is Japan has launched an intensive course for seniors and the middle-aged to assist them to learn and invest in cryptocurrencies, Bitcoin.com reports. The center based in Tokyo, according to local media, is “Japan’s first virtual currency investment course for seniors”, with some of its students in their 80s. In most countries around the world, it is millennials …


Take a French Leave from Taxes, or How to Keep Your Cryptocurrency Safe from the Taxman

Take a French Leave from Taxes, or How to Keep Your Cryptocurrency Safe from the Taxman

When cryptocurrencies go through their periodic pumps, cryptocurrency investors are placed in a position of having to stop thinking so much about how to make more profit and start worrying more about how to protect their gains from the avaricious reach of the taxman. Depending on the laws in specific localities, and on the amount of trading an investor does, tax obligations …


Crypto Skeptic India May Apply Tax Laws on Crypto in Possible Turning Point

Crypto Skeptic India May Apply Tax Laws on Crypto in Possible Turning Point

Anonymous sources in India are suggesting that the crypto-sceptical nation may be at a turning point with the possibility of a goods and service tax (GST) on cryptocurrency trading. Bloomberg reported that the government might be applying an 18% GST as there is a chance that the Indian government could classify cryptocurrencies as a supply of “intangible goods” and, therefore, …


Blockchain Gains US Momentum as Ohio Examines New Bill

Blockchain Gains US Momentum as Ohio Examines New Bill

The US state of Ohio is currently proposing a change to state law through a bill which will legally recognize smart contracts and storage of records on a blockchain, according to Coindesk. There are several states in the US that have adopted blockchain-associated laws. Vermont, Arizona, Delaware, Illinois, Nevada, and Tennessee are among these states. Indiana, Iowa, and Texas have …


Crypto Tax Lifted as Poland Heeds Public Demand

Crypto Tax Lifted as Poland Heeds Public Demand

Poland has reviewed its position on cryptocurrencies in the country, as part of a thorough analysis of the crypto space, announcing that it is to temporarily suspend tax collection for digital currencies, according to Cointelegraph. In a similar move to the French government’s, who recently heavily reduced its taxation on sales of cryptocurrency, Poland’s ministry of finance has been forced …


Seminole County Tax Collector Starts Accepting Crypto Payments

Seminole County Tax Collector Starts Accepting Crypto Payments

The Seminole County, Florida tax collector office headed by Joel Greenberg announced today that they would begin accepting cryptocurrency payments for their services. Specifically, they will be accepting Bitcoin and Bitcoin Cash through BitPay. This is a major milestone for BitPay since it is their first partnership with a government agency. Launched in 2009, Bitcoin (BTC) is the most popular …


Bank of Korea Considers Crypto and Blockchain as Part of “Cashless Society”

Bank of Korea Considers Crypto and Blockchain as Part of “Cashless Society”

South Korea is making huge waves in the cryptocurrency and blockchain space yet again, having announced recently that its central bank, the Bank of Korea (BOK), is considering cryptocurrency and blockchain applications for a “cashless society” project. As reported by local news source TokenPost on 1 May, the BOK had announced the official launch of its cash-free society project in …


French Introduce Massive Drop in Crypto Tax After Appeal

French Introduce Massive Drop in Crypto Tax After Appeal

The French government has announced that it has significantly lowered the tax rate for gains generated by cryptocurrencies after a Conseil d’Etat (Council of State) decision this week. Gains from the sale of cryptocurrencies were previously labeled as industrial and commercial profits under French tax law and therefore could have up to as much as 45% tax levied on them for …


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