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Blockchain Expo 2018: Unlocking the Internet of Value • April 18-19, 2018

Blockchain Expo will be arriving in London’s Olympia on 18-19 April, bringing together more than 1,500 people across key industries…

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Tag: tax bitcoin

US Bitcoin and Cryptocurrency Taxes Demystified

Category: Altcoins, Bitcoin, Commentary, Regulation

US Bitcoin and Cryptocurrency Taxes Demystified

Bitcoin had a sterling performance in 2017, as the cryptocurrency effortlessly made new highs almost on a weekly basis. However, cryptocurrency enthusiasts have been dancing to an entirely different crypto tune this year. Specifically, the U.S tax authorities will no longer tolerate crypto-tax evasion. Henceforth, every bitcoin and other crypto transaction will be taxed by the United States Internal Revenue…

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IRS Summons Coinbase, but the Bitcoin Exchange Fights Back

Category: Bitcoin, News, Regulation

IRS Summons Coinbase, but the Bitcoin Exchange Fights Back

Following a summons from the Internal Revenue Service (IRS) to bitcoin exchange Coinbase to reveal customer information, the firm has enacted stiff opposition to the request. The US tax authority requested information on all of Coinbase’s customers who bought bitcoin between 2013 and 2015. Pointing to just three instances of tax evasion through the use of bitcoin, an IRS agent…

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