Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the…

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Big Four consultancy KPMG is expanding its blockchain activities beyond pure financial services work to explore a less-traveled path. This article is originally written and posted on https://www.coindesk.com/blockchain-refresh-why-kpmgs-new-strategy-focuses-on-customs/.  Visit https://www.coindesk.com/ today…

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U.S. Representative Tom Emmer plans to introduce three blockchain-focused bills to Congress in the coming weeks aimed at spurring development. This article is originally written and posted on https://www.coindesk.com/us-congressman-drafts-bills-to-aid-blockchain-development/.  Visit https://www.coindesk.com/…

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U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated. This article is originally written and posted on https://www.coindesk.com/us-lawmakers-strongly-urge-irs-to-update-crypto-tax-guidance/.  Visit https://www.coindesk.com/…

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The arrival of cryptos doesn’t alter the need to maintain proper accounting records, the SEC’s Wesley Bricker said Monday. This article is originally written and posted on https://www.coindesk.com/digital-assets-dont-change-reporting-needs-secs-top-accountant-says/.  Visit https://www.coindesk.com/ today…

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Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation. This article is originally written and posted on https://www.coindesk.com/korean-blockchain-groups-blast-plan-to-strip-crypto-exchanges-of-benefits/.  Visit https://www.coindesk.com/ today…

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Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups. This article is originally written and posted on https://www.coindesk.com/korean-government-seeks-to-strip-tax-perks-from-crypto-exchanges/.  Visit https://www.coindesk.com/ today…

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Tax authorities from five different nations are coming together to combat international financial crimes, with a focus on cryptocurrencies. This article is originally written and posted on https://www.coindesk.com/international-task-force-notes-use-of-cryptocurrencies-in-financial-crime/.  Visit https://www.coindesk.com/ today…

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India’s central bank won a key victory in court this week. This article is originally written and posted on https://www.coindesk.com/indias-supreme-court-continues-ban-on-cryptocurrency-exchanges/.  Visit https://www.coindesk.com/ today for all Crypto News and Information.

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Japan’s top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies. This article is originally written and posted on https://www.coindesk.com/japans-finance-minister-balks-at-changing-crypto-tax-rules/.  Visit https://www.coindesk.com/ today…

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DarkTower director Scott Dueweke said cryptocurrencies are “tailor made” for foreign powers hoping to influence American elections. This article is originally written and posted on https://www.coindesk.com/senator-cryptos-pose-host-challenges-congress/.  Visit https://www.coindesk.com/ today for all…

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Two of Russia’s largest banks, Alfa Bank and Sberbank, will soon be offering clients access to cryptocurrency portfolios that will permit the trading of six popular coins on major exchanges…

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The South African Reserve Bank (SARB) has released its report on Project Khokha, a Proof-of-Concept designed to simulate a real-world trial of a distributed ledger technology (DLT)-based wholesale payment and…

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Shenzhen Gov’t Partners With Tencent to Fight Tax Fraud With Blockchain The Shenzhen Municipal Office of the State Administration of Taxation has partnered with technology firm Tencent, according to an official announcementMay…

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Arizona Senate Bill 1091 has been passed by the House and Senate – but no longer mentions cryptocurrencies anywhere. This article is originally written and posted on https://www.coindesk.com/arizona-lawmakers-strip-crypto-mentions-tax-payments-bill/.  Visit https://www.coindesk.com/ today…

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