The Seminole County, Florida, tax collector Joel M. Greenberg announced May 14 that the county will begin accepting cryptocurrency for payment for various services this summer in order to eliminate heavy fees and improve payment accuracy…
The Arizona House of Representatives passed Senate Bill 1091, a tax bill that would allow citizens to pay their taxes using cryptocurrencies, according to public records May 2. Following the recent vote, however, this initiative has been…
France’s Council of State has recently changed the tax rate on the crypto transaction from the initial 45% to a flat rate of 19%, local news outlet, Le Monde reported Thursday, April 26.
Brian Kelly of CNBC has supported Tim Draper’s BTC Prediction Of $250,000 By 2022. He added that the increase of institutionalized money into the crypto sphere may dampen the volatility of cryptocurrencies.
Latvia preparing laws that will tax individuals engaged in cryptocurrency up to 20%
Bitcoin Investors and other Cryptocurrency investors based in the US have not disclosed their profits or losses to the tax organizations. Only about 0.04% have reported their losses and gains to the IRS.
As many people turn their assets into digital currencies, the US government, though its Internal Revenue Service (IRS), is considering getting its fair share from cryptocurrency investors by tracking down crypto tax evaders.