Tag: Authority, Bank, Blockchain, Chinas, Implementations, Lending, Tax, Urges
China’s Tax Authority Urges Bank Blockchain Implementations for Lending
China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction”...
South Korea Tax Office Eyes Private Custody After Seized Crypto Loss
South Korea’s National Tax Service (NTS) is moving to select a private custody provider for seized crypto assets after a February press release exposed a wallet...
US Lawmakers Exclude BTC From De Minimis Tax Exemption: BPI
Representatives of the Bitcoin Policy Institute (BPI), a nonprofit Bitcoin advocacy organization, warned that US lawmakers have not included a de minimis tax exemption...
Japan Plans to Classify Crypto as Financial Products, Cut Tax
Japan’s Financial Services Agency (FSA) is preparing an overhaul of the country’s crypto regulatory framework, moving to classify digital assets as “financial...
IRS Rules, Tax Limits and Compliance Guide
Key takeaways: Bitcoin gifts aren’t immediately taxable. The IRS treats cryptocurrency as property, so recipients generally don’t owe income tax on the gift. Stay...
New York State Senator Pushes Legislation To Tax Crypto Miners
New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state. The...
US Debates Crypto Tax, Roman Storm Seeks Acquittal
Today in crypto, US lawmakers weighed changes to crypto tax rules. Tornado Cash co-founder Roman Storm asked a judge to dismiss his conviction, and the White House...
US Debates Crypto Tax, Roman Storm Seeks Acquittal
Today in crypto, US lawmakers weighed changes to crypto tax rules. Tornado Cash co-founder Roman Storm asked a judge to dismiss his conviction, and the White House...
