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The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances … Read more
The Financial Industry Regulatory Authority has issued a notice encouraging every firm that sells securities to the public in the U.S. to disclose any activities “related to digital assets, such as cryptocurrencies and other virtual coins and tokens.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Firms Encouraged to Disclose Crypto Involvement The Financial … Read more
The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance … Read more
A study of Ukrainian officials’ asset declarations reveals that 57 officials have declared over 21,000 bitcoins with the majority of cryptocurrency holders in the Odessa regional council and the country’s Parliament. A second study shows that in 2017 the largest amount of cryptocurrency declared by a Ukrainian official was in bitcoin cash. Also read: Three … Read more
The bill for the regulation of cryptocurrencies in Russia submitted by the finance ministry and the central bank requires State Duma deputies to declare their cryptocurrency investments. Currently, government officials are not required to declare their crypto holdings, according to a recent announcement by the Russian Ministry of Labor. Also read: Cryptocurrency Activities Will Be … Read more
