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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: taxes

Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government

Category: Altcoins, Bitcoin, Finance, News, Regulation

Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government

Its stale news that world governments are finding it a herculean task getting cryptocurrency investors to pay their taxes. In the latest development, the fourth largest crypto exchange in the world, Bitfinex, is now working hand-in-hand with the government of the British Virgin Islands in a bid to clamp down on bitcoin tax evaders. Bitfinex Tax Office In a notice…

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South Africa to See Its First Cryptocurrency ATM

Category: Altcoins, Bitcoin, Business, Ethereum, News

South Africa to See Its First Cryptocurrency ATM

The potential and benefits of bitcoin and other cryptocurrencies are limited to one very critical factor – real-world adoption. The absence of which could also severely impede the growth of a decentralized economy. Moving forward in this regard is South Africa, which will soon be installing a cryptocurrency ATM for its citizens. Move Over Fiat, Bitcoin Is “In” According to…

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Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

Category: Bitcoin, Finance, News

Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

Residents of Seminole county in Florida can now pay their taxes with bitcoin and bitcoin cash. Seminole becomes the first county to accept payments in bitcoin cash and bitcoin in the United States. Joel Greenberg, the State tax collector, announced the County would begin using BitPay, a cryptocurrency payment processor, to receive payments starting June 2018. Source: SeminoleTax Seminole residents…

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Israel’s Tax Authority is Using Social Media to Track Down Bitcoin Tax Evaders

Category: Altcoins, Bitcoin, Finance, News, Regulation

Israel’s Tax Authority is Using Social Media to Track Down Bitcoin Tax Evaders

It is known that Israeli bitcoiners are required by law to pay a 25 percent capital gains tax while crypto-related businesses must compulsorily send their 25 percent tax plus another 17 percent VAT to the authorities. However, since the bill became law, quite a few people and businesses in Israel’s digital currency ecosystem have failed to remit their taxes. Now,…

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Crypto-friendly Arizona’s Bitcoin for Tax Dream Gets Major Challenge

Category: Altcoins, Bitcoin, Finance, News, Regulation

Crypto-friendly Arizona’s Bitcoin for Tax Dream Gets Major Challenge

While states like New York are busy formulating innovation-stifling laws for the blockchain-based virtual currency ecosystem, Arizona sees the world of distributed ledgers technology a bit more clearly. However, a clog has appeared in the wheels of the state’s movement towards the acceptance of bitcoin and other cryptocurrencies for tax payments. Bill 1091 According to public records, on February 8,…

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Ethereum Co-Founder Finds Similarities between ‘Radical Markets’ and Decentralization

Category: Altcoins, Blockchain, Commentary, Ethereum, News

Ethereum Co-Founder Finds Similarities between ‘Radical Markets’ and Decentralization

Vitalik Buterin released a new blog post on April 20, 2018, wherein he shared his thoughts on Eric Posner and Glen Weyl’s book Radical Markets. The book is majorly divided into five sections, each highlighting different reforms such as self-valuation of property, quadratic voting, a new immigration program, disintegrating large financial institutions to prevent monopoly and price manipulations in a…

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Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

Category: Altcoins, Bitcoin, Mining, News, Regulation

Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

In the latest development, the Russian Federation announced on April 12, 2018, that all crypto transactions that exceed 600 rubles must be scrutinized. Latest Review On March 6, 2018, the Russian Ministry of Finance reportedly announced it was formulating a regulation to criminalize the use of blockchain-based virtual currencies as legal tender. Deputy Finance Minister Alexei Moiseev revealed that his…

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Washington County Gives Go-Ahead for Bitmain’s Subsidiary Ant Creek’s Mining Operation

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

Washington County Gives Go-Ahead for Bitmain’s Subsidiary Ant Creek’s Mining Operation

On April 13, 2018, Bitmain, the Chinese cryptocurrency mining giant, and the Port of Walla Walla in Washington State discussed terms for a ten-acre land lease, said local news reports. The land shall be used to develop a “small scale operation” for Bitmain’s subsidiary – Ant Creek LLC. Public Concerned about Electricity Usage As per the report by Union Bulletin,…

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Latvian Government to Tax Bitcoin Transactions

Category: Altcoins, Bitcoin, Finance, News, Regulation

Latvian Government to Tax Bitcoin Transactions

While governments around the world debate over the legality of cryptocurrencies, Latvia has a simple solution to keep the industry running; Make it legal and charge high taxes. Additionally, the government is mulling over the introduction of clear regulations for digital currencies. Latvian Government Discusses Crypto In the first week of April 2018, Latvia’s Ministry of Finance expressed its views…

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Bitcoin Price Breaks Through $7000, Surges $1000 in Under 60 Minutes

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Breaks Through $7000, Surges $1000 in Under 60 Minutes

The price of bitcoin has displayed a massive surge on April 12, breaking through the $7000 barrier with ease and reaching a fresh high for the month of April at $8069.34. At the time of writing, bitcoin has been tempered to $7699.68 on the Bitstamp exchange. The 15-minute chart below shows how BTC-USD broke through $7000 and advanced more than…

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