Tax Guide: What Crypto Owners Should Know

With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are not taxing crypto transactions. Furthermore, many tools exist to help crypto owners. Also read: IRS Issues New Crypto Tax Guidance – Experts Weigh In Know How Your Government Taxes Crypto Each country, state, or even city has its own set of rules when…

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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain the ability to trade and plan with liquidity via another, exclusive instrument — the SDR. Also Read: Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin An Artificial Currency The SDR is…

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More Nations Join the Club of Crypto-Friendly Jurisdictions

Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky Executives View Regulations as the Biggest Threat Government regulations are a determining factor for the business climate crypto companies operate in. A recently published survey conducted among executives from the industry shows that the slow advance in that respect is a major concern.…

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Android Tool Lets You Check Crypto Payment Apps for Double-Spends

The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly solved the difficult task, but a growing ecosystem of related products and services comes with new threats and resurrects the challenge. It isn’t Bitcoin’s fault, but the danger is nevertheless present and a solution is needed. Also read: Ukraine in a Rush to…

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Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin

The BCH-centric web portal Bitcoinbch.com published an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is the top digital currency in Australia. Also read: Bitcoin Cast Program Gives Guests a Unique SLP Token In Australia, Bitcoin Cash Is Soundly #1 This week the website Bitcoinbch.com revealed a report that covers cryptocurrency usage in Australia in regard to Australian merchants that support digital currencies for products and…

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Coinbase Receives E-Money License From the Central Bank of Ireland

Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. Also Read: Gartner: Corporate Blockchain Won’t Take Off for Another Decade Coinbase Granted an Irish E-Money License Coinbase announced over the weekend that the cryptocurrency exchange has been granted an e-money license by the Central Bank of Ireland. This is the second such European regulatory approval the…

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Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse

An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see a mainstream financial institution open up about the superior value of limited supply, sound money assets. A bit hypocritical, perhaps, given the diametrically opposed Keynesian practices regularly engaged in by central banks worldwide. Also Read: IRS to Require 150 Million Filers…

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IRS to Require 150 Million Filers to Disclose Crypto Activities

The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year. Also read: IRS Issues New Crypto Tax Guidance – Experts Weigh In New Tax Form The IRS published a draft of the new 1040 tax form containing a question about the tax filer’s crypto-related activities on Friday.…

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Bitcoin Cast Program Gives Guests a Unique SLP Token

Bitcoin Cash has been around for quite some time, but lots of individuals are still learning about the innovative technology each and every day. One particular way people can be kept up to date with crypto-related news and learn about the benefits of Bitcoin Cash (BCH) is through podcasts and streaming media. The Bitcoin Cast show is a BCH-centric program hosted on Youtube that covers user and merchant adoption throughout the BCH ecosystem. Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide Focusing on User and Merchant Adoption There…

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6 Monitoring Websites That Help Track Bitcoin Cash Data

When it comes to cryptocurrency networks and markets, there’s a lot to keep track of. Thankfully there’s also now a bunch of dedicated bitcoin cash (BCH) data websites that provide easy to comprehend visual representations of network statistics and market indicators. Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide Monitoring BCH Network Statistics and Market Indicators In the early days, it was much harder to find reliable data platforms in order to observe market action and network metrics. Today, however, there are numerous digital currency data sites including…

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