Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
The bill proposes to recognise cryptocurrency as property for purposes of taxation.
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
The South African Revenue Service is likely “ensnaring” non-compliant taxpayers, a tax consultancy said in a news report.
Out of 31 nations, only 5 have tax guidance addressing cryptocurrency rewards via staking, a study found.
Bitcoin’s price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
The team of investigators requested past data and transaction details from Korea Digital Exchange.
Reps. Rudy and Freeland’s bill would exempt crypto miners from paying either Kentucky sales or excise tax.
Crypto transactions in Kenya now attract a 1.5% tax.
A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear