Tax

abacus, math

Japanese Government Working to Simplify Cryptocurrency Tax Filings

| Yogita Khatri

Japan's Tax Commission is planning to introduce a new system to make it easier for crypto traders and investors to calculate their profits.

Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

| Ian Allison

Big Four consultancy KPMG is expanding its blockchain activities beyond pure financial services work to explore a less-traveled path.

US Congressman Drafts Bills to Aid Blockchain Development

| Nikhilesh De

U.S. Representative Tom Emmer plans to introduce three blockchain-focused bills to Congress in the coming weeks aimed at spurring development.

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

| Nikhilesh De

U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated.

Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says

| Stan Higgins

The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

| Wolfie Zhao

Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

| Wolfie Zhao

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.

South Korea Plans Tax Perks for Blockchain Startups

| Wolfie Zhao

South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.

International Task Force Notes Use of Cryptocurrencies in Financial Crime

| Muyao Shen

Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies.

Court Says India’s Crypto Exchange Bank Account Ban Will Continue

| Muyao Shen

India's central bank won a key victory in court this week.