The so-called “donation” is essentially a tax that all miners will have to give, and miners that fail to follow the new plan will have their BCH blocks orphaned.
The country’s tax authority has turned to the blockchain for an analytics tool that could uncover digital crime
Bithumb has filed a complaint with a court in South Korea, as it seeks to nullify a $69 million bill from the country’s tax agency.
A draft bill in Ukraine has proposed a 5% tax on crypto earnings for the first five years, with no VAT
Cryptocurrencies will not be considered legal tender under the amendment, but they will be accepted as a medium of exchange for some transaction types.
While every other sector of the crypto industry has become better with time, taxation continues to be unnecessarily difficult thanks to regulatory ambiguity and outdated technology.
The U.S. Internal Revenue Service (IRS), the agency responsible for collecting federal taxes in the country, is tackling cryptocurrency.