Tax
India Plans to Tax Income From Bitcoin Investments: Report
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
Russian Prime Minister Pledges to 'Civilize' Crypto Market and Prevent Scams
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.
South Korea May Delay Implementation of 20% Crypto Tax Till 2022
The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
Lithuania Makes Millions in First Sale of Seized Cryptocurrency
The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.
Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
Tax Payers Needn't Disclose Merely Holding Crypto: IRS Draft 2020 Guidance
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
A report suggests the action may be over the firm's digital currency, Masterbucks.
Bitcoin Critic Peter Schiff's Bank Under Spotlight in Global Tax Probe
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion.
Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
