Blockchain and digital currencies are “fully compatible” with existing legal frameworks, according to the Swiss Department of Finance.
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Finance Minister Hong Nam-Ki told a parliamentary finance committee the government will introduce a taxation regime for digital currency.
Taro Aso said he would be unwilling to push for taxes on digital currency-related income to be reduced to 20%.
IRS is recruiting digital currency tax professionals to help them audit tax returns on digital currency earnings.
The US-owned territory has a new law on the books that will make considerable changes to digital currency tax incentives.