Search Results for "general tax law"
How Are Uniswap’s UNI Governance Tokens Taxed?
Uniswap the popular decentralized exchange recently awarded members its UNI tokens. But what do holders need to know about paying tax on UNI governance tokens?
Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance
Liechtenstein's introduction of the world’s first blockchain business law represents an important milestone in the evolution of legal frameworks to support blockchain business.
IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats
The IRS plans to update the 1040 income tax form for 2020 to make it more difficult for taxpayers to avoid declaring their crypto assets.
Trump’s Proposed Capital Gains Tax Cuts Could Benefit Ethereum 2.0 Stakers
President Donald Trump has proposed a capital gains tax cut which may greatly benefit United States cryptocurrency traders—particularly those planning to stake on Ethereum 2.0.
US Tax Office Warns Coinbase Users To Declare Crypto Holdings Before IRS Clampdown
The IRS may soon start clamping down on crypto users particularly those affiliated with Coinbase exchange who do not properly report their crypto holdings.
India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.
Women Taking on the Mantle of Leadership in Blockchain and Crypto Law
Women cryptocurrency and blockchain lawyers are taking the helm in several major law firms as they are leading blockchain practice groups in at least a half-dozen reputable law firms, such as McDermott Will & Emery, Morrison & Foerster, and Goodwin Procter.
South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds
The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.
Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services
Libra appoints Stevan Bunnell, former Homeland security department general counsel, as its own general counsel.
Peter Schiff’s Bank Investigated in Global Tax Evasion Probe, Gold May Be Dirty
Peter Schiff’s Euro Pacific Bank is currently under a tax evasion probe for hosting numerous financial accounts suspected of tax evasion crimes.
South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022
South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.
Russian Prime Minister Sets Deadline For Adopting New Approach to Cryptocurrencies
The awesome wave of change has snaked into the Russian cryptocurrency market as their finance ministry advocates for a new regulatory framework to be adopted by the country’s legislative body. This proposition entails that cryptocurrencies will be classified under three separate legal categories or tiers as set by the Russia legislative body law. These tiers are virtual assets, technical tokens, and digital finance asses.