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Tax Agency Starts Checking Crypto Traders in Romania

Tax Agency Starts Checking Crypto Traders in RomaniaAuthorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax Authority in Romania Verifies […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia

Putin Obliges Election Candidates to Report Crypto Holdings Outside RussiaPresident Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares

Local Council Member in Ukraine Declares 124 BTC and 500 Tesla SharesA government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials Declare Crypto Assets, Fail to Provide Proof […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Ukraine Officials Fail to Account for Millions in Declared Crypto Assets

Ukraine Officials Fail to Account for Millions in Declared Crypto AssetsPersonal asset declarations filed by politicians and government officials in Ukraine have indicated that many have made significant investments in cryptocurrency. However, some of them have been unable to prove ownership or account for their digital holdings, local media reported. Lawmaker Loses Over 40 BTC With Stolen Vehicle in Ukraine Dmitry Gurin, a member of […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets

Putin Orders Russian Government to Prepare to Check Officials With Crypto AssetsPresident Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities to Inspect Crypto Disclosures Filed by Russian Officials as […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Brazilians Who Held ,000 in Crypto Last Year Must Report It on Tax Returns by End of MayTaxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their GainsAustralia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

Quantum computing will fortify Bitcoin signatures: Adam Back