Tech

Ohio has become the first U.S. state to allow taxes to be paid in bitcoin. According to a report from The Wall Street Journal on Sunday, starting this week, companies in the state will be able to pay a variety of taxes, from tobacco sales…
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The Norwegian government has scrapped a tax subsidy on power currently granted to bitcoin miners. Some Scandinavian countries charge tax on electricity consumption, including Norway. According to a report from local news outlet…
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Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. The commission, which guides policy on taxation and also advises the…
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KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to…
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U.S. Representative Tom Emmer wants to support the development and use of blockchain technology and cryptocurrencies. To that end, the lawmaker announced a trio of blockchain-focused bills Friday, saying he intends to introduce them into…
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A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS…
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The chief accountant for the Securities and Exchange Commission has said that companies have a responsibility to follow accounting standards when working with blockchain and digital assets. Wesley Bricker spoke before the AICPA National…
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Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on…
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Cryptocurrency exchanges in South Korea may soon lose eligibility for significant tax benefits currently granted to smaller companies. A proposed revision to the existing tax law, announced by the South Korean government on Monday, would…
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The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country’s push for innovation…
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