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Crypto Trading Giant Bithumb Set to Fight $69 Million Tax Fine

Following a $69.1 million tax bill imposed by South Korea’s National Tax Service (NTS) in late 2019, cryptocurrency exchange giant Bithumb has filed a complaint with the Tax Tribunal to negate the tax bill. The NTS and Bithumb must wait 90 days for a decision from the tribunal. Bithumb Wants Their ..

IRS Publishes Crypto Taxation Guidelines: Hard Forks & Airdrops Issues

The U.S. Internal Revenue Service (IRS) has updated its crypto taxation guidelines five years after the first publication on virtual currency taxation. This time around, the U.S. tax agency included guidelines on hard forks and airdrops. With the new guideline comes reactions from different people ..

French Finance Minister: No Tax on Gains from Crypto-to-Crypto Trades

France’s Finance Minister says the government will not impose taxes on the gains from crypto-to-crypto trading unless converted to fiat currencies. This move appears to be part of the plan by French authorities to track virtual currency transactions. Meanwhile, the Finance Minister says the country..

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