Cryptocurrency Is Providing a Lucrative New Revenue Stream for Governments

Cryptocurrency: New Lucrative Income Source for GovernmentsCryptocurrency’s resistance to government control is countered by the fact that a number of governments, including Chile, Romania, Spain and South Africa, are looking to cash in by taxing crypto assets. These countries are crafting laws that bind citizens to annually disclose cryptocurrency investments that, in some cases, are held at home and abroad, and […]

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Romania Imposes 10% Tax on Cryptocurrency Earnings

Romania Imposes 10% Tax on Cryptocurrency EarningsRomania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports. Also read: Falcon Private Bank Launches Crypto Wallet […]

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