, , ,

Coinbase Adds Tax Support Resources for US Customers, Including TurboTax Integration

American cryptocurrency exchange and wallet service Coinbase has added resources for customers in the United States to claim crypto trades on their taxes, according to an official blog post on Jan. 24. In addition to adding an educational guide…
, , , , ,

Blockchain Research Now Granted Tax Credit in South Korea

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance…
, , , , ,

Could Ohio’s Acceptance of Bitcoin as Tax Increase Legitimacy of Crypto?

TwitterFacebookLinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Businesses in the state of Ohio are now permitted to settle tax payments using Bitcoin (BTC). State…
, , , , , , ,

China Threatens Overseas Tax Havens, Will Investors Flock to Crypto

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors…
, , , , ,

Confusion Over Bitcoin Taxation Leads to Poor Reporting of Gains and Losses

With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U.S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits. However, a lawyer from Morgan Lewis &…