Israel’s government has published draft circular outlining possible approaches to taxing the proceeds of initial coin offerings (ICOs).
South Korea’s citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move.
New reports suggest that the South Korean government is intensifying its moves against the country’s bitcoin exchanges.
Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations.
Exchange and wallet startup Coinbase has taken to reminding its customers to pay taxes due on their cryptocurrency gains.
Those Bitcoin investors in the US who think they’re outsmarting the IRS by trading funds to other digital currencies rather than back to dollars could be in for a nasty surprise. Under GOP tax bill that is due to be voted upon next week, law makers will draw a distinction limiting “like-kind” exchanges to real […]
The Indian Income Tax Department has visited bitcoin exchanges across the country seeking data on tax avoiding users.
New provisions in the upcoming tax reform bill could have several significant repercussions on crypto holders this tax season.
One of the world’s largest crypto exchanges, Coinbase, has been struggling to meet the demand of the flurry of activity on its servers as Bitcoin breaks more price barriers. In the last 24 hours, the daddy of all coins broke $11,000 and transactions were at their highest levels. Exchanges have been struggling to keep up […]
America’s Internal Revenue Service has gone fishing. Its target? Every single Coinbase user who ever placed a $20,000 trade. The huge dragnet exercise, spanning 2013-2015 and incorporating over 14,000 users, was awarded by a court yesterday, November 29. This is despite the best efforts of America’s largest bitcoin broker, which has fought back against what […]
A U.S. court has ordered bitcoin exchange Coinbase to disclose details of more than 14,000 customers to the Internal Revenue Service.
As the world of cryptocurrencies and ICOs heats up, there are many lingering questions about how tokens will fit within tax and regulatory frameworks.
Blockchain startup Libra has unveiled a new compliance application for the institutional market, targeting businesses like crypto funds and exchanges.
Hard forks of bitcoin are creating new wealth that the U.S. tax agency will want to tax, but it’s still unclear just how to report these new assets.
Police in York, Canada, have warned of a tax scam after over 40 people were convinced to send money via bitcoin ATMs.