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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

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South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. Abra, which works by letting users bet on price movements of listed U.S.

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Bitcoin Daily: S Korea Eyes New Crypto Income Tax; Less Network Traffic Causes Drop In Bitcoin Fees

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Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. Users pay fees to miners for transactions on the blockchain, and miners also receive a fixed amount of BTC for each block mined, which halves every four years.

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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

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s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets

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Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. We need capital for three reasons really,” he said. Having T2 today is just so anachronistic.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

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We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Did Blockchain Peak In 2019? And this year was no exception.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

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Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Blockchain. Cambridge Blockchain. Endeavour Catalyst and Satya Capital also participated. This week, the firm revealed $27 million raised by Atlas Venture, Khosla Ventures and Top Tier Capital Partners.

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China Making Privacy Allowances As It Plans Digital Currency Launch

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The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. China is planning to launch a digital currency in early 2020 that will make allowances for privacy, a senior central bank official said on Tuesday (Nov.

Bitcoin 101