Category: Tax

A comprehensive regulatory overview of Japan

A comprehensive regulatory overview of Japan

Quick Take Japan continues to build its regulatory framework for digital assets. After difficult years due to heavy-handed regulation in light of several hacks, Japanese cryptocurrency businesses might finally be able to expand at home and abroad. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research […]

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Canadian tax officials are seeking info on crypto exchange Coinsquare’s customer base: report

Canadian tax officials are seeking info on crypto exchange Coinsquare’s customer base: report

Canadian news outlet National Post reports that the country’s tax authority has gone to court in an effort to press crypto exchange Coinsquare to divulge information about its clients. The November 6 report cites court documents from September, stating that “Canada’s tax agency is asking a judge to force Toronto-based crypto trading platform Coinsquare to hand […]

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Exploring the current state of cryptocurrency taxation in the European Union

Exploring the current state of cryptocurrency taxation in the European Union

Quick Take By now, guidelines for  taxation of cryptocurrency activities exist in most EU member countries. However, grey areas remain. Highly favorable tax treatments in some, and lack of taxation in other EU member countries enables regulatory arbitrage. This research piece is available to members of The Block Genesis. You can continue reading this Genesis […]

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Portugal is quickly becoming the next European blockchain hub

Portugal is quickly becoming the next European blockchain hub

Quick Take Portugal implemented favorable tax policies for foreign residents after the Great Financial Crisis. With recent clarifications on cryptocurrencies, the country is morphing into a desirable work and lifestyle hub. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

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Spain is working on a bill that would require crypto investors to disclose their holdings

Spain is working on a bill that would require crypto investors to disclose their holdings

Spain’s government is working on a bill that would require the country’s crypto investors to disclose their holdings and profits if passed. The bill is planned to catch tax evaders and prevent tax fraud, said government spokeswoman Maria Jesus Montero after the weekly cabinet meeting, as Reuters reported on Tuesday. Details of the proposed bill […]

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OECD plans to issue crypto tax reporting framework in 2021

OECD plans to issue crypto tax reporting framework in 2021

The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that promotes better economic policies, is planning to issue a tax reporting framework for cryptocurrency assets by 2021. In a report published Monday, the OECD said it is “advancing its work to design a tax reporting framework that will ensure tax transparency with respect […]

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New Zealand’s tax authority asks crypto firms to turn over customer info

New Zealand’s tax authority asks crypto firms to turn over customer info

New Zealand’s tax agency has requested that crypto firms in the country share their customers’ personal details and cryptocurrency asset values. According to a statement from the Inland Revenue Department (IRD) issued to Radio New Zealand, the agency has requested this information in order to enhance its understanding of the crypto-asset environment in the country, […]

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