A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned. Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market. The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian…
The City of Austin gears up to become America’s next crypto hot spot by passing two resolutions focused on cryptocurrency and blockchain innovation. Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing…
New to crypto taxes? So is everyone. That’s why later this month, we’re introducing a new Tax Center to help users simplify their tax reporting.In partnership with CoinTracker, users will be able to easily export the full transaction history from your Blockchain.com Wallet and Exchange accounts to calculate gains, losses, and income.Over the last decade, tens…
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry.Profits from crypto trading in Thailand are now subject to a 15% capital…
The revelations are simply confirmation for a group that has studied the economic injustices of today intently.The shocking, or not shocking, revelations given by the International Consortium of Investigative Journalists, known as the Pandora Papers, has revealed the truth in what Bitcoiners have been saying for years: The current system is broken. Over 600 journalists,…
Introduction If you are wading into the waters of cryptocurrency investment, there is something important you need to keep tabs on other than the undulations of your chosen crypto’s value. You need to factor in what your activity in the digital currency market will translate to in terms of taxes. Even if you have been …
How Will You Be Affected By the Cryptocurrency Tax Changes? Read More »
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