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Real Estate Blockchain Expo • September 19-21, 2018

 Co-hosted by Korea’s no. 1 Economic Media, the Korea Economic Daily and Real Estate Experts, FIABCI Korea Chapter, we are…

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Tag: taxes

Lobbying Group in Washington Opens Doors to Represent the Crypto Community

Category: Altcoins, Bitcoin, Blockchain, Ethereum, News, Regulation

Lobbying Group in Washington Opens Doors to Represent the Crypto Community

High-profile cryptocurrency companies and well-known technology entrepreneurs announced on September 11, 2018, that they will form a lobbying group in Washington called the Blockchain Association. According to the Washington Post, the Blockchain Association is designed to represent investors and entrepreneurs who are building and supporting blockchain technology. Coinbase, Circle, and PolyChain Capital The Association’s goal is to become the industry’s…

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U.S. Tax Policy Is a Stumbling Block for Bitcoin Adoption

Category: Adoption, Altcoins, Bitcoin, Business, Commentary, News, Regulation

U.S. Tax Policy Is a Stumbling Block for Bitcoin Adoption

George Popescu has come down hard on the American Internal Revenue Service (IRS) and the U.S. tax code in general as stifling instead of enabling innovation through cryptocurrency adoption. In a Medium post published on August 22, 2018, the founder of crypto industry publication Blockchain Times and augmented reality startup Lampix stated that tax policy is effectively blocking crypto payments…

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Why Do Blockchain and Crypto Companies Prefer Foundation to Enterprise Structure?

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, Regulation

Why Do Blockchain and Crypto Companies Prefer Foundation to Enterprise Structure?

The year 2018 witnessed an influx of blockchain and cryptocurrency firms in the global economy. Although these firms are still overcoming issues related to their practical application in the real world, imagining a world with its economy pivoted around digital ledgers might not be a distant dream. However, one must have noticed a stark similarity in the enterprise structure of…

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Bitcoin Exchange Bits of Gold to Share Data with Israeli Tax Authorities to Prevent Money Laundering

Category: Altcoins, Bitcoin, Business, News, Regulation

Bitcoin Exchange Bits of Gold to Share Data with Israeli Tax Authorities to Prevent Money Laundering

Cryptocurrency exchange Bits of Gold and the Israeli Tax Authority have joined hands to fight against money laundering via digital assets in the country. Local news outlet Calcalist reported on July 5, 2018, the agreement between the two entities as Israel seeks to curb any illicit money laundering via cryptocurrencies while maintaining a decisive stand for the volatile asset class….

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New Capital Inflows Spark Massive Crypto Relief Rally: BTCManager’s Week in Review July 2

Category: News Digest

New Capital Inflows Spark Massive Crypto Relief Rally: BTCManager’s Week in Review July 2

The mood among crypto investors has reached new lows in the past week when the price of bitcoin dropped below the $6,000 mark, and many bitcoin bears and naysayers popped up to claim that the “bitcoin bubble” has finally burst. Fortunately, for crypto investors, we finally witnessed a much-needed relief rally on the weekend thanks to new capital inflows into…

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Israeli Social Media Business Wants to Pay Employees in Bitcoin

Category: Bitcoin, Business, Finance, News, Regulation

Israeli Social Media Business Wants to Pay Employees in Bitcoin

Israel’s booming technology sector is experiencing a talent shortage, with firms introducing new perks and lucrative benefits to attract skills employees. One such firm is offering a digital currency incentive. Firm Propagates Bitcoin Adoption According to a report on local news Calcalist on June 12, 2018, social network company Spot.IM is offering their employees a salary paid in bitcoin (BTC)….

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331 Crypto Investors in Japan Made Profits of at Least $1 Million in 2017

Category: Altcoins, Bitcoin, Ethereum, Finance, News

331 Crypto Investors in Japan Made Profits of at Least $1 Million in 2017

2017 was a year in which many crypto millionaires were made across the world. Thanks to the explosion in the values of most digital currencies, investors saw significant gains from their investments. $380 Million in Taxes Outside of Employment Reports from Japan indicate that 331 crypto investors made profits of at least $1 million as a result of their trading…

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South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

South Africa is the latest country to try and classify cryptocurrencies as it looks to regulate the industry and generate income tax. According to the country’s Central Bank, digital currencies such as bitcoin (BTC) are mere “cyber-tokens” that don’t meet the criteria to be categorized as money. South African Cryptocurrency Classification According to Francois Groepe, the Reserve Bank Deputy Governor,…

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Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

Category: Altcoins, Bitcoin, Finance, News, Regulation

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions Tax,” which aims to tax all crypto-related transactions regardless of…

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Russia Approves First Draft on Cryptocurrency Legislature

Category: Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News, Regulation

Russia Approves First Draft on Cryptocurrency Legislature

Shunning blockchain and smart-contracts for years, financial institutions are finally waking up to the potential that decentralized technologies hold, with a flurry of government and corporate companies making moves in the sector. Cryptocurrencies are “Property of Value” According to an official report by Russia’s lower house of parliament, the first draft of the new laws defining cryptocurrencies was approved by…

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