Tax

UK Tax Authority Releases Crypto Guidance for Businesses

The UK’s tax agency has issued cryptocurrency tax guidance for businesses, following up a year-old promise. After clarifying the situation…

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Tencent to Lead Drafting of International Blockchain-Based Invoice Standards

WeChat parent company and Chinese internet giant Tencent has received the green light to draft blockchain-based invoice standards from China’s…

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Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers

Libra must abide by international foreign exchange regulations or “it should be banned,” a senior Chinese regulator said Monday. Sun…

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U.S. IRS Releases Guidance on Crypto Airdrops and Hard Forks

The United States’ federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks. In an…

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The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency…

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Ohio Treasurer Suspends Predecessor’s Bitcoin Tax Payment Service

A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with…

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Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’

The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin (BTC), are neither financial assets nor legal…

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New IRS Warning Letters Target Crypto Investors Who Misreported Trades

The U.S. Internal Revenue Service (IRS) is sending another round of warning letters to cryptocurrency users, this time to taxpayers…

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New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

New Zealand’s tax office, the Inland Revenue Department (IRD), has made it legal to receive salaries in cryptocurrency, and be…

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North Carolina Congressman Reintroduces Crypto Tax Bill

A tax bill aimed at refining the Internal Revenue Service’s treatment of cryptocurrencies has moved to the U.S. House of…

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