Crypto taxes

159 Articles 2 Followers

Collecting Transaction records: Settling in for Crypto-implosion

17 Nov 2022 3 minute read 0 comments bengy

Unsplash   With FTX going belly up, and the news that Genesis (huge huge huge counterparty/loan platform) is stopping withdrawals due to a liquidity shortfall... well, it is safe to say that the waves from the earlier collapses in the year are...

Crypto taxes: How to hide your winnings

6 Nov 2022 4 minute read 0 comments iPlayCrypto

This article is part of the iPlayCrypto collection. Visit iPlayCrypto's blog for everything on crypto!  Crypto is regarded as an asset for federal revenue tax principles and is treated as a property by the IRS for average brokers. As a result, crypto...

Are crypto payments legal in the UK?

28 Sep 2022 2 minute read 0 comments NOWPayments

When starting to accept cryptocurrency payments as an individual or a business, it’s important to consider the legal financial regulations in the United Kingdom. The use of Bitcoin and other digital currencies has been restricted in some countries, s...

Regulation - Governments Accidently Initiate Population Restructuring

23 Sep 2022 2 minute read 1 comment Sapphire Crypto

The Push Continues There has been a lot of talk regarding the proposed banning of algo-based stablecoins in the US. This may come as a surprise to some, but for the majority of us, we have been expecting this, and more! This is the only path that gov...

How does the Crypto community pay taxes? Welcome to CoinTracker

20 Sep 2022 4 minute read 0 comments davidcash888

A few weeks back, I was setting up to pay my taxes here in Canada and was looking for a solution to quantify my crypto investments and gains. Our features editor Joyce told me about an app called CoinTracker, and I started investigating. Through the...

Will the Ethereum Merge Create a Tax Liability? Well...maybe

5 Sep 2022 5 minute read 2 comments kev_nag

Introduction One question that should be on the minds of every holder of Ethereum is: Will there be any tax liability created as a result of the ‘merge’? However, the problem is that no one can give a definitive answer to the question until the ‘merg...

Crypto-friendly countries: a birds-eye view

28 Jul 2022 2 minute read 2 comments meg0

A birds-eye view of five crypto-friendly countries.  There are many other crypto-friendly countries that could also have been included, these were just some of my favorites. El Salvador El Salvador is likely the first place that comes to mind recent...

Crypto Tax for Australian Investors (Updated For 2022)

15 Jul 2022 5 minute read 9 comments FrMkII

  Let me start by saying I am not an accountant, this is my own research from the ATO website and my understanding on how they will apply the rules they set, so use this as a starting point to do your own research, and preferably engage an accountant...

Owners of Assets Trapped on Lending Platforms Might Catch a Break

7 Jul 2022 2 minute read 0 comments Cje95

With more and more crypto lending platforms freezing assets on their platforms there isn't a lot that people can do right now. It boils down to the good old saying "not your keys not your crypto". An issue that is becoming more and more pressing tho...

Would 1% TDS on crypto in India help the crypto bears?

24 Jun 2022 1 minute read 2 comments thetimetravelerz

      Source: India is not El Salvador A few months back, in November 2021 El Salvador embraced crypto.It had its own reasons to do so.However India is not El Salvador. The commentary in India about crypto is not exactly very friendly.There have bee...