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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…
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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…
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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 &…