Sentences with phrase «on cryptocurrency transactions»

Plus, let's not even get started on the complexities of taxes on cryptocurrency transactions.

The royal decree established a tax on all cryptocurrency transactions ─ 7 % VAT and 15 % capital gain tax.

However, the text of the proposal does not go into detail on the amount or type of fee it seeks to levy on cryptocurrency transactions, or what such a fee's benefits might be.

Policymakers are focused on cryptocurrency transactions.

JPMorgan Chase and Bank of America have both placed a ban on cryptocurrency transactions via credit cards, according to Bloomberg reports.

The IRS is vigorously pursuing its case against Coinbase as it announces a «reporting gap» where only 0.2 % of Coinbase users reported a loss or gain on their cryptocurrency transactions.

Tharman Shanmugaratnam, Singapore's deputy prime minister and minister in charge of the central bank, was speaking at a parliamentary session on Monday when he was asked by MP Foo Mee Har about how authorities could enforce anti-money laundering laws and counter-financing of terrorism (AML / CFT) laws on cryptocurrency transactions with a specific focus on bitcoin.

Antonopoulos stated that «governments can choose to either do nothing — which is okay; make things worse for cryptocurrency trading — like what Australia did by imposing sales taxes on all cryptocurrency transactions; or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field.»

A Connecticut lawmaker has introduced a bill seeking to impose fees on cryptocurrency transactions.

Tax on cryptocurrency transactions has been a long - debated issue, with most investors gleefully enjoying the lack of specific legislation thereon and skipping through the...

A recent post at CoinDesk illustrates just how difficult calculating taxes on cryptocurrency transactions can be.

The government will also be able to access users» transaction data through compliant banks, according to officials, which may point to the government looking to enforce taxes on cryptocurrency transactions.

The most relevant document when it comes to paying US federal taxes on your cryptocurrency transactions is

The most relevant document when it comes to paying US federal taxes on your cryptocurrency transactions is Notice 2014 - 21.

Earlier, the authorities had also prohibited minors and non-residents from opening accounts and introducing taxes on cryptocurrency transactions, as the country comes to grips with investors» irrational exuberance in Bitcoin.

«Governments can choose to either do nothing — which is okay; make things worse for cryptocurrency trading — like what Australia did by imposing sales taxes on all cryptocurrency transactions; or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field,» said Antonopoulos.

«Governments can choose to either do nothing — which is okay; make things worse for cryptocurrency trading — like what Australia did by imposing sales taxes on all cryptocurrency transactions; or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field,»

On March 2, ATO announced that it is planning to track down those who evade paying taxes on their cryptocurrency transactions this year.