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tax

Miami-Dade County task force to study viability of digital currency for tax payments
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31 October, 2021

Miami-Dade County task force to study viability of digital currency for tax payments

The Florida county has created a task force that will look into the feasibility of using digital currencies to pay...
China’s tax agency asks gov’t to impose digital currency taxes
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26 October, 2021

China’s tax agency asks gov’t to impose digital currency taxes

The agency published a piece in an official tax newspaper, urging the government to start taxing digital currencies, even though...
South Korea’s digital currency tax battle may reach presidential election
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24 October, 2021

South Korea’s digital currency tax battle may reach presidential election

There have been some oppositions surrounding the new income tax law, with investors accusing the government of insufficient protective measures...
South Korea unregulated digital currency forex transfers hit record high at $677M
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15 October, 2021

South Korea unregulated digital currency forex transfers hit record high at $677M

In the first eight months of the year, South Korea saw forex transfers via digital currencies hit a record high...
South Korea to levy the 20% digital currency tax in 2022 despite opposition
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11 October, 2021

South Korea to levy the 20% digital currency tax in 2022 despite opposition

South Korea’s Finance Minister is unflinching on the 20% tax that has become a battle ground between the government and...
IRS: Digital currencies are top enforcement priority
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4 October, 2021

IRS: Digital currencies are top enforcement priority

An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes...
South Korea ruling party united in push for digital currency tax delay
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30 September, 2021

South Korea ruling party united in push for digital currency tax delay

The Democratic Party of Korea has reached a consensus to push for a delay in the implementation of the 20%...
Majority of South Koreans support digital currency tax law: survey
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27 September, 2021

Majority of South Koreans support digital currency tax law: survey

A survey in South Korea found that only 33% of respondents oppose the new taxation regime, even as the government...
South Korea finance minister plays down calls to postpone digital currency taxation
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22 September, 2021

South Korea finance minister plays down calls to postpone digital currency taxation

The government will push through with the tax laws which will take effect early next year despite opposition from the...
Why blockchain has not yet become widely used and what will it take to make it happen? – Part 2
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20 September, 2021

Why blockchain has not yet become widely used and what will it take to make it happen? – Part 2

Ivan Assenov continues the observation of what is holding blockchain from its potential, this time looking at how governance and...
Democrats pushing to close digital currency tax loophole via wash-sale rule
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16 September, 2021

Democrats pushing to close digital currency tax loophole via wash-sale rule

The Biden administration said the law would not apply to non-custodial actors, but there is still some debate as to...
Digital currency tax guidance still a priority for IRS
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15 September, 2021

Digital currency tax guidance still a priority for IRS

The IRS released a joint Priority Guidance Plan for ‘21-‘22 with Treasury and it lists its intention to issue tax...