Related News: According to media reports, following Hong Kong’s first acceptance of Bitcoin (BTC) as proof of investment immigration assets in October last year, another favorable policy has emerged. On February 7, 2025, an applicant successfully obtained investment immigration approval using HKD 30 million worth of Ethereum (ETH). Additionally,...
Related News In February this year, the U.S. Senate Finance Committee launched a tax investigation into Dan Morehead, the founder of cryptocurrency venture capital firm Pantera Capital, accusing him of cashing out over $1 billion in assets after relocating to Puerto Rico, potentially violating federal tax laws. The investigation...
1. Introduction The stance of Taiwan of China on cryptocurrency is characterized by both openness and prudence. In recent years, the use and trading of crypto assets in Taiwan have gradually increased, with financial institutions and related enterprises becoming more actively involved. Recognizing the high speculative nature of crypto...
On January 18, U.S. President-elect Donald Trump announced the launch of his exclusive cryptocurrency meme coin, $TRUMP, through social media. The news instantly ignited the cryptocurrency market, with $TRUMP’s market capitalization surpassing $24 billion on its first day, making it the undeniable focal point of the industry. From retail...
This report combs through the key developments in global crypto compliance policy in the first half of January 2025. In terms of taxation, the United States Internal Revenue Service (IRS) has implemented new regulations starting from January 1, 2025, requiring cryptocurrency transactions to follow the FIFO (First-In-First-Out) accounting rule, unless alternative...
As cryptocurrencies become more widely adopted, managing taxes for digital assets has become a critical concern for both individual investors and businesses. Given the volatile nature of cryptocurrencies and the diverse range of transactions, proper tax management can be challenging. Fortunately, advanced Crypto Tax Management Solutions are now available...
Related News 1: IRS Releases Digital Asset Reporting Rules, Declares Front-End Service Providers as Brokers Author: Ana Paula Pereira Summary: Recently, the U.S. Internal Revenue Service (IRS) released final regulations on broker reporting for the sale and exchange of digital assets, marking an intensification of the U.S. tax oversight...
1. Overview of Colorado Located in the western United States, Colorado spans the eastern Rocky Mountains. Covering approximately 268,000 square kilometers with a population of about 5.77 million (2020), Colorado ranks 8th in size and 21st in population among U.S. states. Its capital, Denver, is also its largest city....
As the adoption of cryptocurrency grows, so does the complexity of reporting digital asset transactions for tax purposes. Whether you’re a casual investor or a business dealing heavily in crypto, accurately calculating and reporting taxes is crucial to avoid legal pitfalls. Crypto tax reporting software has become an essential...
In recent years, cryptocurrencies have become a major player in the global financial ecosystem. As crypto businesses continue to expand, understanding the complexities of tax structuring is crucial. Navigating the tax landscape in the crypto space can be challenging due to constantly evolving regulations, differing national laws, and the...
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