Tax


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ABA to IRS: Create Safe Harbor for Forked Cryptos

The American Bar Association Section of Taxation issued some advice to the IRS regarding the taxation of cryptocurrency produced by hard forks.

U.S. income tax form

Markets

SEC Official Says 'Dozens' of Crypto Investigations Underway

Stephanie Avakian, a co-director of the U.S. SEC's Enforcement Division, said the agency is investigating "dozens" of ICO campaigns.

SEC

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Puerto Rico Aims to Attract Blockchain Startups With New Council

Puerto Rico's government has created an advisory council aimed at spurring the development of blockchain businesses.

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Markets

Thailand's Cabinet Moves to Regulate and Tax Cryptocurrencies

The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.

thailand government house

Markets

Coinbase Releases Cryptocurrency Tax Calculator

The U.S cryptocurrency exchange is easing the crypto tax procedure with a new automatic gain/loss calculator.

BTC

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Regulators Could 'Take Away' Blockchain's Efficiencies, Congressman Warns

Rep. David Schweikert, co-chair of the Congressional Blockchain Caucus, talked about challenges facing mainstream adoption in a speech Thursday.

Rep. David Schweikert

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Illinois Has Been Quietly Considering Bitcoin for Tax Payments

Three U.S. states – Illinois, Arizona and Georgia – are now actively considering bills to allow tax payments made in cryptocurrency.

Illinois house

Markets

Germany Won't Tax You for Buying Coffee With Bitcoin

Unlike the U.S., Germany will regard bitcoin as equivalent to legal tender when used as a means of payment, according to a new government document.

germany flags

Markets

Coinbase Tells 13,000 Users It's Sending Their Data to the IRS

Coinbase is emailing thousands of customers informing them their data will be sent to the U.S. Internal Revenue Service, as per a 2017 court order.

tax form

Markets

Georgia Becomes Latest State to Consider Bitcoin for Tax Payments

Two state senators in Georgia have proposed a new bill that would allow citizens to pay their tax obligations in bitcoin.

BTC