The Tax & Legal Column
Now that cryptocurrencies total $500 billion, countries can no longer turn a blind eye to them. In this column, we keep you in the loop of new developments, whether legal or tax-related. No more excuses for not knowing how to fill in your tax return!
Sun 05 Dec 2021 ▪ 9h35 ▪
3 min read ▪
by
Rudy Bauer
There has been a fierce debate for months between the government and members of South Korea’s parliament over the deadline for introducing a 20% tax on profits from cryptocurrency transactions. As a result, it was decided to postpone it until 2023. Heated disputes over the tax law According to…
Wed 10 Nov 2021 ▪ 15h13 ▪
3 min read ▪
by
Felix Meyer
The Austrian Ministry of Finance equated Bitcoin and other cryptocurrencies with stocks and bonds. Austrians will have to pay 27.5% of income from trading crypto assets to the treasury. Brand new tax system The Federal Ministry of Finance claims the new tax will make crypto and traditional assets trading…
Fri 01 Oct 2021 ▪ 16h39 ▪
3 min read ▪
by
Susan McCormack
Binance cryptocurrency trading platform announced that it had hired two former special agents from the IRS’s Criminal Investigation Cyber Crimes Unit (IRS-CI). Binance welcomes newcomers Binance has announced that two former special agents of the IRS-CI has been recruited to increase the degree of compliance with regulatory requirements. The…
Wed 11 Aug 2021 ▪ 19h29 ▪
2 min read ▪
by
Katie Donaldson
On 7th July, Senator Elizabeth Warren asked Gary Gensler, SEC Chief, what measures the agency had taken to ensure investors’ protection in the crypto market. Gensler requested more regulatory authority over cryptocurrencies. SEC is worried about the crypto market Senator Warren asked Gensler if the SEC needs more help from…
Mon 09 Aug 2021 ▪ 13h36 ▪
3 min read ▪
by
Felix Meyer
Senators who have been disputing over a section of the infrastructure bill that would impose new tax rules for cryptos are finally coming to an agreement. The upcoming bill is expected to clarify the process of paying digital asset taxes. Yet, there is almost no time left to seal…
Fri 06 Aug 2021 ▪ 12h03 ▪
4 min read ▪
by
Rudy Bauer
The cryptocurrency industry is in a state of chaos as the White House approves a new amendment to a controversial provision to tax cryptocurrency transactions. A competing amendment to the provision was proposed by Senators Mark Warner and Rob Portman and has finally caused some panic in the cryptocurrency industry.
Tue 03 Aug 2021 ▪ 15h25 ▪
3 min read ▪
by
Arnaud De Montbrial
Brad Garlinghouse’s lawyers have requested Binance, the largest crypto exchange, to provide them with documents which might help Ripple win a case that the US Securities and Exchange Commission’s (SEC) has been building against the company for over a year now. Ripple in legal trouble Ripple lawyers requested…
Sat 05 Jun 2021 ▪ 15h36 ▪
4 min read ▪
by
CryptoKing
A new day, a new crusade against the world of cryptocurrencies. When it is not the eccentric and untouchable Tesla CEO testing the limits of his manipulative power on the market. It is national governments trying to control this new economy as best they can while taking their share…
Sat 22 May 2021 ▪ 21h45 ▪
2 min read ▪
by
Adrien Stefanini
We recently informed you that Just Mining had obtained its registration as a Digital Assets Service Provider (DASP) from the French Financial Markets Authority (AMF). Just Mining is a company specialising in mining, staking and masternodes that was set up by ‘Hasheur’, the popular French entrepreneur Owen Simonin. Now, another…
Tue 20 Apr 2021 ▪ 14h58 ▪
3 min read ▪
by
William Proctor
“He cannot prove that he is Satoshi Nakamoto, because he did not initially foresee that he would have to prove that he was the founder of Bitcoin (BTC)”: Craig Wright’s lawyers know exactly the line to take. They have now demanded that the owner of Bitcoin.org remove the Bitcoin white paper,…
