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Decentralized Finance (DeFi) Grew To $668 Million In 2019, How Will Taxes Be Calculated?

Oana Ularu - 0
2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie,...
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Accounting

Warning Letters Issued to Crypto Tax Evaders by Danish Tax Authority

Krystle M - 0
Traders must report data regarding the time from 2016 to 2018 on their profits and losses. Tax authorities in the US and UK...
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Accounting

The IRS Wants to Know If You Interacted With Cryptocurrency in Any Way in 2019

AnTy - 0
A new form has been released by the IRS looking to know whether you’ve acquired, exchanged, or sold a digital currency. Earlier this...
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Accounting

Software Firm CryptoTrader.Tax Releases New Crypto Tax Reporting Product to Help Tax Professionals

Nirmala Velupillai - 0
On Monday, November 25, 2019, Missouri-based software development firm, CryptoTrader.Tax announced the launch of its new tax professional suite. As per the press release,...
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Accounting

IRS Continues to Pursue Bitcoin Trader, Insisting Its Summons Is Legit to California Federal Court

Krystle M - 0
William Zietzke states that the summons for financial records is too broad. The IRS states that the multiple years of financial details are necessary,...
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Accounting

IRS Says Like-Kind Tax Exemption Does Not Apply to Crypto Transactions, Nor Did It Before 2018

Oana Ularu - 0
An IRS official has said that taxpayers can’t defer taxes on cryptocurrency exchanges, not even for pre-2018 transactions. Things have been clear up until now:...
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Accounting

The IRS and the Global Tax Enforcement are Analyzing Crypto Tax Evaders and Criminals

James W - 0
The criminal division of the U.S. Internal Revenue System (IRS) recently announced that it was able to identify dozens of people who were using...
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Accounting

IRS Source: Cryptocurrency Holders and Traders to be Audited by US Tax Collection Agency

Daniel W - 0
A trusted source has confirmed that the Internal Revenue Service is going to conduct audits on cryptocurrency activities. The source said that the tax...
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Accounting

EY (Ernst & Young) Releases New OpsChain Public Finance Manager Blockchain Tool

Gabriel Machado - 0
Ernst & Young (EY), one of the Big Four auditing firms, has recently launched a new blockchain-based product, a platform that was designed to...
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Accounting

Bank Of Canada Considers Its Own Digital Currency; An Easy Way To Track Spending Habits

Lujan Odera - 0
The Bank of Canada is among the regulatory authorities around the world looking to launch their own digital currency. A recent internal report presented...
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Barcelona, Spain Starts Own Crypto: “Recurso Económico Ciudadano” (Citizens’ Economic Resource) or Rec Coin

Cryptocurrency News Bitcoin Exchange Guide News Team - 0
Spain’s Richest City Launches Blockchain Currency The city of Barcelona has launched a blockchain-powered currency to facilitate and strengthen local commerce avoid the abandonment of...
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Crypto Markets Rally 30% from 2018 Lows as Bitcoin (BTC) Price Eyes New 2019 Heights

Cryptocurrency News Bitcoin Exchange Guide News Team - 0
The current price of Bitcoin is $4031 (Coinbase Pricing), with 24 hour volume leveling around 5.75 billion USD (via CoinMarketCap.com). Bitcoin rose nearly 4.66%...
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Best Cryptocurrency Trading Social Networks For Investors To Use In 2018

Advice & Advise Karol - 0
For those new to the world of digital currencies, being able to lean on others when entering the trading arena is a huge benefit....
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Namibian Bitcoin Trading Platform ‘BTN' Continues to Thrive Despite Country's Crypto Ban

Cryptocurrency News Shiraz J - 0
In recent years, Namibia has emerged as an unlikely hub for Bitcoin trade activity. For example, recently, Bitcoin Trade Namibia (BTN), has been trying...
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