Bitcoin VAT

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South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income

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The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs … Read more

Bitcoin Futures Are a Threat to Whole Banking System, Fears ECB Director

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While major stock brokers are lining up to add bitcoin futures to their platforms, central bankers are apparently not too happy about it. A member of the European Central Bank (ECB) executive board has called the instruments a threat to the financial stability of the entire banking system. Also Read: After Ripple’s Rise BTC Dominance … Read more