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Tax
Lithuania Makes Millions in First Sale of Seized Cryptocurrency
The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.
Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.
Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
Tax Payers Needn't Disclose Merely Holding Crypto: IRS Draft 2020 Guidance
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
A report suggests the action may be over the firm's digital currency, Masterbucks.
Bitcoin Critic Peter Schiff's Bank Under Spotlight in Global Tax Probe
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion.
Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
IRS May Make It Harder to Avoid Declaring Crypto on Tax Returns
The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
European Crypto Tax Companies Announce Merger to Power US Expansion
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market.
Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year
Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether starting next February.
