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coinbase, overhauled, paypal, reveals, tax -

This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents.   Sponsored Segwit and Taxes Coinbase representatives Tina Bhatnagar and Zach Abrams revealed some business changes that are being applied to the San Francisco based company this year. Abrams first details the company’s support for Segwit will be complete this week. According to the product manager, Segwit compatible BTC sends and receives for all customers will soon be available....

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bitcoin, confirms, currency, government, israel, property, tax -

Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as "a property, not a currency", making it therefore taxable as such. The Authority's position was first detailed in a draft circular issued in January of this year. The circular explains that profits from cryptocurrencies will be subject to capital gains tax at rates between twenty percent and twenty-five percent, while individuals mining or trading cryptocurrencies in connection with businesses must pay a seventeen percent value-added tax (VAT) in addition to capital...

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armenia, crypto, cryptocurrency, legalize, mining, russia, tax -

Armenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities without any licensing. This will indirectly legalize cryptocurrency transactions.    Time to Move with the Times The bill to regulate the mining of cryptocurrencies like bitcoin has been introduced in the parliament in Yerevan. If Armenian lawmakers vote for the new legislation, their country will...

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