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Tencent Gets Green Light for Blockchain-Enabled Invoice Standard

Tencent Gets Green Light for Blockchain-Enabled Invoice Standard

Tencent, a Chinese internet giant, has been given the go-ahead by China’s State of Administration of Taxation to generate a draft for a blockchain-powered invoice standard.

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.

Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data

Canadian Tax Agency Asks Coinsquare Crypto Exchange to Hand Over Clients Personal Data

The Canada Revenue Agency has requested a judge of the Federal Court to force a crypto exchange to hand over information about all its customers.

Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

The IRS wants a piece of your crypto, and the agency is sending letters to thousands of taxpayers who may have failed to declare profits from crypto deals. Question is, is the IRS entitled to what it's asking for?

IRS Announces New Tax Payment Guidance on Cryptocurrencies

IRS Announces New Tax Payment Guidance on Cryptocurrencies

The controversial nature of the acceptance of cryptocurrencies is now more tilted to the positive end where world government now deem it fit to establish guidelines to tax cryptocurrency holders.

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.

John McAfee is Having a Fascinating Time in Spanish Prison Says it's "Not That Bad"

John McAfee is Having a Fascinating Time in Spanish Prison Says it's "Not That Bad"

John McAfee is having and interesting time in Spanish prison while awaiting his extradition to the United States.

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.

Crypto Tax Payments Permitted in Bermuda

Crypto Tax Payments Permitted in Bermuda

Bermuda has started accepting tax payments using Circle's stablecoin known as USD Coin (USDC).

Switzerland's Canton of Zug Will Accept Bitcoin and Ethereum For Tax Payments From 2021

Switzerland's Canton of Zug Will Accept Bitcoin and Ethereum For Tax Payments From 2021

The canton of Zug in Switzerland plans to start accepting taxes in cryptocurrencies from the beginning of next year.

Members of Congress Ask IRS for Relaxed Approach to Crypto Staking Taxes

Members of Congress Ask IRS for Relaxed Approach to Crypto Staking Taxes

Innovation friendly members of United States Congress have written to the IRS request a level-headed approach to tax on cryptocurrency staking rewards.

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s finance minister stated that there is no need to lower crypto tax rates.

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