China Needs Better Regulation for Blockchain Growth, Experts Say Industry experts spoke of the need for regulations and standards to boost blockchain growth at a Chinese event on Tuesday.… Read More
3.5 Million Traders: Japan Releases Domestic Cryptocurrency Statistics Japan’s Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.… Read More
Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years….… Read More
Normal Tax Rules Apply to Crypto Income, Says South Africa The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.… Read More
Making the Most of Crypto Mining Tax Breaks From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated. … Read More
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.… Read More
Japanese Regulator Suspends Two Crypto Exchanges Over KYC Failings Japan’s financial regulator has ordered two cryptocurrency exchanges to halt operations for two months due to insufficient KYC procedures.… Read More
Ontario Regulator ‘Gathering Information’ on Crypto Trading Platforms The province’s securities regulator is gathering information after receiving numerous complaints.… Read More
Five Steps to Stress-Free Crypto Tax Accounting The prudent individual or business must keep up with regulation and develop a process to organize data related to trading cryptocurrency. Here’s how.… Read More
How to Defend Yourself Against Pump-and-Dump Crypto Scams Until regulators come up with rules to curb pump-and-dump schemes, investors need to be extra cautious so they don’t get taken for a ride. … Read More