Taxation

Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money

January 26, 2023 Bitcoin.com

anarchy

Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they beg political interests and bad actors […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS

January 13, 2023 Bitcoin.com

$POWER

Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

January 8, 2023 Bitcoin.com

bitcoin.com

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

December 25, 2022 Bitcoin.com

bitcoin.com

The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

December 9, 2022 Bitcoin.com

bitcoin.com

The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

December 8, 2022 Bitcoin.com

bill

Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house of Kazakhstan’s parliament, […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions

December 5, 2022 Bitcoin.com

bitcoin.com

A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Italy Wants to Tax Crypto Gains at 26% From 2023

December 1, 2022 Bitcoin.com

bitcoin.com

The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy Intends to Tap Into Cryptocurrency […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

November 21, 2022 Bitcoin.com

amendments

A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine The National Securities […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

November 13, 2022 Bitcoin.com

Bank of Russia

The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year. Russia’s Central Bank Takes Legislative Initiative in […]

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Gold Hits New Peak; Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claim